Noble Financial Reaffirms Their Buy Rating on Orion Group Holdings (ORN)

By Ryan Adsit

Noble Financial analyst Poe Fratt maintained a Buy rating on Orion Group Holdings (ORNResearch Report) on October 3 and set a price target of $7.10. The company’s shares closed last Monday at $4.17.

According to TipRanks.com, Fratt is ranked #1507 out of 5538 analysts.

Orion Group Holdings has an analyst consensus of Moderate Buy, with a price target consensus of $6.43.

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Based on Orion Group Holdings’ latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $1.63 million. In comparison, last year the company had a GAAP net loss of $6.36 million.

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Orion Group Holdings, Inc. engages in the provision of specialty construction services in the building, industrial, and infrastructure sectors. It operates through the Marine and Concrete segments.