AGX

Argan Inc

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Advanced Chart

228.080

-10.94(-4.577%)1D

Overview
Forecast
Valuation
Earnings

Line

Candle

YTD

High

237.090

Open

237.090

VWAP

229.38

Vol

289.18K

Mkt Cap

3.11B

Low

225.010

Amount

66.33M

EV/EBITDA(TTM)

24.12

Total Shares

13.35M

2.71B

EV/OCF(TTM)

14.66

P/S(TTM)

3.69

Argan, Inc. is a holding company. The Company is a construction firm that conducts operations through its subsidiaries, Gemma Power Systems, LLC and affiliates (GPS), Atlantic Projects Company Limited and affiliates (APC), The Roberts Company, Inc. (TRC), and Southern Maryland Cable, Inc. (SMC). Through GPS and APC, its power industry services, it offers a suite of engineering, procurement, construction, commissioning, maintenance, project development and technical consulting services to the power generation market, including the renewable energy sector. Through TRC, the industrial construction services provide field services and project management that support new plant construction and additions, maintenance turnarounds, shutdowns and emergency mobilizations for industrial plants. Through SMC, its telecommunications infrastructure services provide project management, construction, installation and maintenance services to commercial, local government and federal government customers.

Market Estimates

Earnings Estimates

Revenue

YoY Chg

EPS

YoYChg

FY2026Q4

FY2026Q3

FY2026Q2

269.77M

+16.04%

1.827

-17.72%

251.20M

-2.26%

1.633

-18.33%

243.97M

+7.47%

1.640

+25.19%

Estimates Revision

The market is revising Upward the revenue expectations for Argan, Inc. (AGX) for FY2026, with the revenue forecasts being adjusted by 0.51% over the past three months. During the same period, the stock price has changed by 33.69%.

Revenue Estimates for FY2026

Revise Upward

+0.51%

In Past 3 Month

EPS Estimates for FY2026

No Change

0.00%

In Past 3 Month

Stock Price

Go Up

+33.69%

In Past 3 Month

3 Analyst Rating

-6.61% Downside

Wall Street analysts forecast AGX stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for AGX is 213.00 USD with a low forecast of 150.00 USD and a high forecast of 269.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

2 Buy

1 Hold

0 Sell

Moderate Buy

-6.61% Downside

Current: 228.080

Low

150.00

Averages

213.00

High

269.00

-6.61% Downside

Current: 228.080

Low

150.00

Averages

213.00

High

269.00

JPMorgan

Neutral

initiated

$220

2025-07-21

Reason

JPMorgan

Price Target

$220

2025-07-21

initiated

Neutral

Reason

JPMorgan initiated coverage of Argan with a Neutral rating and $220 price target. The company is positioned to benefit from increasing U.S. energy loads and a multi-year gas power plant buildout. However, JPMorgan believes the shares are fairly valued at current levels.

Lake Street

NULL -> Buy

upgrade

$150 -> $236

2025-06-05

Reason

Lake Street

Price Target

$150 -> $236

2025-06-05

upgrade

NULL -> Buy

Reason

Lake Street raised the firm's price target on Argan to $236 from $150 and keeps a Buy rating on the shares. The company delivered strong margins as natural gas power plants ramp, the analyst tells investors in a research note.

Lake Street

Robert Brown

Hold

Strong Buy

Upgrades

n/a

2025-03-28

Reason

Lake Street

Robert Brown

Price Target

n/a

2025-03-28

Upgrades

Hold

Strong Buy

Reason

Lake Street analyst Robert Brown upgraded Argan to Buy from Hold with a $150 price target, citing the share price pullback and "strong" Q4 results that the firm argues demonstrated Argan's ability to drive higher gross margins and EBITDA and "showed the potential of the business." Management was increasingly bullish on the new project pipeline and expects several new power plant projects to be awarded within the next six months, which the firm estimates can move backlog to $2.5B-$3B, from $1.4B today, the analyst added.

CJS Securities

Chris Moore

Buy

Hold

Downgrades

$150

2024-12-06

Reason

CJS Securities

Chris Moore

Price Target

$150

2024-12-06

Downgrades

Buy

Hold

Reason

CJS Securities analyst Christopher Moore downgraded Argan to Market Perform from Outperform with a $150 price target.

Lake Street

Robert Brown

Strong Buy

Hold

Downgrades

$85 → $150

2024-12-03

Reason

Lake Street

Robert Brown

Price Target

$85 → $150

2024-12-03

Downgrades

Strong Buy

Hold

Reason

Lake Street analyst Robert Brown downgraded Argan to Hold from Buy with a price target of $150, up from $85. The firm believes shares fully reflect the potential of the current strong environment, driven by new power demand from data centers and EVs. While it expects multiple new large contract wins and a significant ramp in revenue and EBITDA in the next several years, the firm believes shares "fully reflect the opportunity," the analyst tells investors.

See All Ratings

Valuation Metrics

The current forward P/E ratio for Argan Inc (AGX.N) is 34.05, compared to its 5-year average forward P/E of 18.30. For a more detailed relative valuation and DCF analysis to assess Argan Inc 's fair value, click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

Strongly Overvalued

5Y Average PE

18.30

Current PE

34.05

Overvalued PE

24.73

Undervalued PE

11.88

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

Strongly Overvalued

5Y Average EV/EBITDA

6.23

Current EV/EBITDA

19.35

Overvalued EV/EBITDA

10.89

Undervalued EV/EBITDA

1.58

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

Strongly Overvalued

5Y Average PS

1.31

Current PS

3.14

Overvalued PS

1.86

Undervalued PS

0.76