GSE Holding (NYSE:GSE) was downgraded by Oppenheimer from an “outperform” rating to a “market perform” rating in a research note issued on Monday, StockRatingsNetwork reports. They currently have a $10.00 target price on the stock. Oppenheimer’s target price points to a potential upside of 225.73% from the stock’s previous close.
The analysts wrote, “We’re downgrading GSE from Outperform to Perform and removing our $10 price target. Persistent pricing pressures in landfill end markets (NA & Europe) and lower mining volumes (mainly NA) drove the underperformance in 1H13—and we don’t envision these trends reversing near term. Notably, GSE has yet to see price competition in its higher-spec products (think coal ash, shale fracking applications, leak detection, etc.), but healthier growth and margin trends here are not enough to offset pressures in its larger, more established markets. Declining EBITDA triggered a breach of debt covenants introducing balance sheet risk, and the search for new leadership (CEO) adds another layer of uncertainty.”
Shares of GSE Holding (NYSE:GSE) opened at 3.07 on Monday. GSE Holding has a one year low of $2.96 and a one year high of $9.44. The stock’s 50-day moving average is currently $5.0. The company’s market cap is $62.6 million.
GSE Holding (NYSE:GSE) last released its earnings data on Friday, August 9th. The company reported ($0.34) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by $0.40. The company had revenue of $108.20 million for the quarter, compared to the consensus estimate of $131.86 million. During the same quarter in the previous year, the company posted $0.29 earnings per share. On average, analysts predict that GSE Holding will post $0.26 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at CJS Securities downgraded shares of GSE Holding from an “outperform” rating to a “market perform” rating in a research note to investors on Monday, August 5th. Separately, analysts at FBR & Co. downgraded shares of GSE Holding from an “outperform” rating to a “market perform” rating in a research note to investors on Tuesday, July 2nd. Finally, analysts at FBR Capital Markets downgraded shares of GSE Holding from an “outperform” rating to a “market perform” rating in a research note to investors on Tuesday, July 2nd. They now have a $6.00 price target on the stock.
Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. GSE Holding currently has a consensus rating of “Hold” and a consensus price target of $8.00.
GSE Holding, Inc (NYSE:GSE) is a provider of engineered geosynthetic containment solutions.