In a report released today, Robert Brown from Lake Street maintained a Buy rating on Argan (AGX – Research Report), with a price target of $61.00. The company’s shares closed yesterday at $39.01.
According to TipRanks, Brown is a 5-star analyst with an average return of 24.5% and a 54.72% success rate. Brown covers the Industrial Goods sector, focusing on stocks such as Argan, Capstone Green Energy, and Natural Gas Services Group.
Argan has an analyst consensus of Moderate Buy, with a price target consensus of $61.00.
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AGX market cap is currently $529.6M and has a P/E ratio of 16.55.
Based on the recent corporate insider activity of 7 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of AGX in relation to earlier this year. Last month, James W. Quinn, a Director at AGX bought 5,000.00 shares for a total of $134,400.00.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Argan, Inc. operates as a holding company, which engages in the provision of consulting, engineering, procurement, construction, commissioning, operations, and maintenance services to the power generation and renewable energy. It operates through the following segments: Power Services, Telecom Services, Industrial Services, and Others. The company was founded in May 1961 and is headquartered in Rockville, MD.
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