Texas (November 15, 2013) Wax Ink has issued a No Investment Interest opinion for Great Lakes Dredge and Dock Corporation (Nasdaq: GLDD) based on a recent baseline equity review that placed fair value between $14-$16.
No investment interest (hold) means that the current risk reward ratio is neither favorable nor unfavorable for investment consideration at this time.
The recent close of $8.89 is approximately 9% above the fair value buy target for the stock and approximately 47% below the fair value close target for the stock. The recent close is also 1% below analysts' twelve-month $9.00 median price target for the stock.
The recent close represents a 10% increase in the one-year price of the stock, while year-over-year sales increased 10%, year-over-year earnings decreased 29%, year-over-year debt increased 3%, and year-over-year free cash flow decreased 79%.
The stock currently has a trailing twelve-month PE Ratio of 14, and a PEG Ratio of 1.3 basis estimated forward earnings growth of 11%.
In the past 52 weeks, share prices have moved between a high of $10.07 and a low of $6.28, placing equilibrium at $7.72.
With the recent close, the stock is trading 13% below the 52 week high, 29% above the 52 week low, and 13% above equilibrium.
The three-month average daily trading volume for this stock is, approximately 405,000 shares.
Great Lakes Dredge and Dock Corporation together with its subsidiaries, engages in the business of marine construction, primarily dredging, and commercial and industrial demolition in the United States and internationally.
The company's listed competitors include Orion Marine Group, Weeks Marine, and Willbros Group.
Financial information contained herein, is based on the company's most recent annual SEC filing for year ending December 31, 2012 and all prices are per share unless otherwise noted.
Wax Ink currently has no investment position in any company mentioned in this alert.
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Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.