Argan with ticker code (AGX) now have 2 analysts in total covering the stock. The consensus rating is pointing to ‘Buy’. The range between the high target price and low target price is between 61 and 46 suggesting an average Analsyt target price of $53.50. Given that the stocks previous close was at $39.89 this is indicating there is a potential upside of 34.1%. The day 50 moving average is $39.66 and the 200 moving average now moves to $36.61. The company has a market capitalization of $549m. Visit the company website at: https://www.arganinc.com
The potential market cap would be $737m based on the market consensus.
Argan, through its subsidiaries, provides engineering, procurement, construction, commissioning, operations management, maintenance, project development, technical, and consulting services to the power generation and renewable energy markets. The company operates through Power Industry Services, Industrial Fabrication and Field Services, and Telecommunications Infrastructure Services segments. The Power Industry Services segment offers engineering, procurement, and construction contracting services to the owners of alternative energy facilities, such as biomass plants, wind farms, and solar fields; and design, construction, project management, start-up, and operation services for projects with approximately 15 gigawatts of power-generating capacity. This segment serves independent power project owners, public utilities, power plant equipment suppliers, and energy plant construction companies. The Industrial Fabrication and Field Services segment provides industrial field, and pipe and vessel fabrication services for forest products, industrial gas, fertilizer, and mining companies in southeast region of the United States. The Telecommunications Infrastructure Services segment offers trenchless directional boring and excavation for underground communication and power networks, as well as aerial cabling services; and installs buried cable, high and low voltage electric lines, and private area outdoor lighting systems. It also provides structured cabling, terminations, and connectivity that offers the physical transport for high-speed data, voice, video, and security networks. This segment serves state and local government agencies, regional communications service providers, electric utilities, and other commercial customers, as well as federal government facilities comprising cleared facilities in the mid-Atlantic region of the United States. Argan was incorporated in 1961 and is headquartered in Rockville, Maryland.
The company has a dividend yield of 2.47% with the ex dividend date set at 19-1-2023 (DMY).
Other points of data to note are a P/E ratio of 26.98, revenue per share of 31.64 and a 4.74% return on assets.
