Live Stock Coverage: Argan, Inc.’s Stock Is Buy After Achieving All Time High

Live Stock Coverage: Argan, Inc.'s Stock Is Buy After Achieving All Time High

The stock of Argan, Inc. (NYSE:AGX) reached all time high today, Nov, 24 and still has $68.09 target or 5.00% above today’s $64.85 share price. This indicates more upside for the $974.08 million company. This technical setup was reported by If the $68.09 PT is reached, the company will be worth $48.70 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. The stock increased 3.51% or $2.2 on November 23, hitting $64.85. About 192,268 shares traded hands. Argan, Inc. (NYSE:AGX) has risen 92.15% since April 22, 2016 and is uptrending. It has outperformed by 86.74% the S&P500.

Analysts await Argan, Inc. (NYSE:AGX) to report earnings on December, 8. They expect $0.76 earnings per share, up 5.56% or $0.04 from last year’s $0.72 per share. AGX’s profit will be $11.42 million for 21.33 P/E if the $0.76 EPS becomes a reality. After $1.29 actual earnings per share reported by Argan, Inc. for the previous quarter, Wall Street now forecasts -41.09% negative EPS growth.

Argan, Inc. (NYSE:AGX) Ratings Coverage

Out of 2 analysts covering Argan (NYSE:AGX), 1 rate it a “Buy”, 1 “Sell”, while 0 “Hold”. This means 50% are positive. Argan has been the topic of 2 analyst reports since October 16, 2015 according to StockzIntelligence Inc. The company was initiated on Friday, October 16 by Wm Smith. Lake Street initiated the stock with “Buy” rating in Thursday, June 9 report.

According to Zacks Investment Research, “Argan, Inc., headquartered in Rockville, MD, through its wholly owned Southern Maryland Cable, Inc. subsidiary, provides inside premise wiring services to the federal government and also provides underground and aerial construction services and splicing to major telecommunications and utilities customers.”

More important recent Argan, Inc. (NYSE:AGX) news were published by: which released: “/quotes/zigman/3870025/realtime” on October 08, 2010, also published article titled: “Argan, Inc. Completes Acquisition of The Roberts Company”, published: “Argan Inc. Is A Red Hot Growth Story” on June 10, 2016. More interesting news about Argan, Inc. (NYSE:AGX) was released by: and their article: “News Argan Inc.AGX” with publication date: February 11, 2011.

AGX Company Profile

Argan, Inc., incorporated on May 15, 1961, is a holding company. The Firm conducts activities 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 or TRC). The Company’s divisions include power industry services, industrial fabrication and field services, and telecommunications infrastructure services. Through GPS, the Company provides a range of engineering, procurement, construction, commissioning, activities management, maintenance, development and consulting services to the power generation and renewable energy markets for a range of customers, including independent power project owners, public utilities, municipalities, public institutions and private industry. Through APC, the Company provides construction and technical services for power generation, gas and oil, industrial and process industry customers. Through SMC, the Company provides telecommunications infrastructure services, including project management, construction and maintenance to commercial, federal Government and local Government customers. Through TRC, the Company provides fully integrated fabrication, construction and plant services designed to work with heavy and light industrial customers.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment