News stories about Argan (NYSE:AGX) have been trending somewhat positive this week, according to Accern Sentiment. The research firm scores the sentiment of press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Argan earned a media sentiment score of 0.08 on Accern’s scale. Accern also gave news articles about the construction company an impact score of 46.8569031193655 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s rankings:
- Argan, Inc. (AGX) Releases Earnings Results, Beats Expectations By $0.69 EPS (americanbankingnews.com)
- Active Stock Momentum: Taiwan Semiconductor Manufacturing Company Limited (TSM) (noomag.com)
- Argan, Inc. Reports Second Quarter Results (finance.yahoo.com)
- Argan posts 2Q profit (finance.yahoo.com)
- The ValuEngine Lowers AmTrust Financial Services, Inc. (AFSI) to Hold (famososartistas.com)
Several equities research analysts have issued reports on the stock. Sidoti assumed coverage on shares of Argan in a research report on Wednesday, June 28th. They issued a “neutral” rating for the company. BidaskClub raised shares of Argan from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 19th. Finally, Lake Street Capital boosted their price target on shares of Argan from $70.00 to $71.00 and gave the company a “buy” rating in a report on Thursday, June 8th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $75.00.
Shares of Argan (NYSE:AGX) opened at 60.70 on Tuesday. Argan has a 12-month low of $51.49 and a 12-month high of $76.70. The stock has a 50 day moving average of $62.74 and a 200 day moving average of $64.45. The company has a market cap of $943.46 million, a price-to-earnings ratio of 11.18 and a beta of 0.91.
Argan (NYSE:AGX) last announced its earnings results on Thursday, September 7th. The construction company reported $1.72 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.03 by $0.69. Argan had a net margin of 9.88% and a return on equity of 28.23%. The company had revenue of $259.80 million during the quarter, compared to analyst estimates of $217.75 million. During the same quarter last year, the firm posted $1.29 earnings per share. Argan’s revenue was up 59.9% compared to the same quarter last year. Analysts forecast that Argan will post $4.36 earnings per share for the current year.
In other Argan news, Director John Ronald Jr. Jeffrey acquired 1,000 shares of the stock in a transaction dated Monday, June 26th. The stock was acquired at an average price of $60.95 per share, with a total value of $60,950.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 7.64% of the company’s stock.
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Argan Company Profile
Argan, Inc is a holding company. The Company conducts operations through its subsidiaries, Gemma Power Systems, LLC and affiliates (GPS), Atlantic Projects Company Limited (APC), Southern Maryland Cable, Inc (SMC) and The Roberts Company (Roberts). Through GPS and APC, the Company’s power industry services segment provides engineering, procurement, construction, commissioning, operations management, maintenance, development, technical and consulting services to the power generation and renewable energy markets.
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