Argan, Inc. (AGX) Reaches $44.73 After 4.00% Down Move; 1St Source Bank Has Lifted Its Visa Cl A (V) Position

December 11, 2017 - By Henry Gaston

The stock of Argan, Inc. (NYSE:AGX) is a huge mover today! The stock decreased 5.43% or $2.57 during the last trading session, reaching $44.73. About 159,388 shares traded. Argan, Inc. (NYSE:AGX) has risen 101.20% since December 11, 2016 and is uptrending. It has outperformed by 84.50% the S&P500.The move comes after 8 months negative chart setup for the $695.49 million company. It was reported on Dec, 11 by Barchart.com. We have $42.94 PT which if reached, will make NYSE:AGX worth $27.82M less.

1St Source Bank increased Visa Inc Cl A (V) stake by 87.77% reported in 2017Q2 SEC filing. 1St Source Bank acquired 4,450 shares as Visa Inc Cl A (V)’s stock rose 5.74%. The 1St Source Bank holds 9,520 shares with $892,000 value, up from 5,070 last quarter. Visa Inc Cl A now has $256.94B valuation. The stock increased 0.58% or $0.65 during the last trading session, reaching $113.25. About 1.64 million shares traded. Visa Inc. (NYSE:V) has risen 20.29% since December 11, 2016 and is uptrending. It has outperformed by 3.59% the S&P500.

Argan, Inc., through its subsidiaries, provides engineering, procurement, construction, commissioning, activities management, maintenance, development, technical, and consulting services to the power generation and renewable energy markets. The company has market cap of $695.49 million. The companyÂ’s 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, start-up, and operation services for approximately 76 facilities with approximately 14,500 megawatts of power-generating capacity. It has a 8.32 P/E ratio. This segment serves independent power project owners, public utilities, power plant equipment suppliers, and global energy plant construction firms.

Among 3 analysts covering Argan (NYSE:AGX), 0 have Buy rating, 1 Sell and 2 Hold. Therefore 0 are positive. Argan had 4 analyst reports since October 16, 2015 according to SRatingsIntel. The firm earned “Not Rated” rating on Friday, October 16 by Wm Smith. Lake Street initiated it with “Buy” rating and $56 target in Thursday, June 9 report. The stock of Argan, Inc. (NYSE:AGX) has “Mkt Perform” rating given on Thursday, December 8 by Avondale. The firm has “Hold” rating given on Thursday, December 7 by Lake Street.

1St Source Bank decreased Spdr S&P Midcap 400 Etf Trust (MDY) stake by 9,578 shares to 57,646 valued at $18.31M in 2017Q2. It also reduced Vaneck Vectors Pfd Sec Ex Fin stake by 17,288 shares and now owns 22,800 shares. Cardinal Health Inc (NYSE:CAH) was reduced too.

Among 39 analysts covering Visa Inc. (NYSE:V), 32 have Buy rating, 0 Sell and 7 Hold. Therefore 82% are positive. Visa Inc. had 93 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Visa Inc. (NYSE:V) earned “Buy” rating by UBS on Tuesday, October 25. Wells Fargo upgraded the shares of V in report on Tuesday, October 10 to “Buy” rating. The rating was maintained by Cowen & Co on Friday, July 14 with “Buy”. Guggenheim upgraded the shares of V in report on Monday, December 5 to “Buy” rating. The firm earned “Hold” rating on Friday, July 24 by Topeka Capital Markets. Nomura maintained Visa Inc. (NYSE:V) rating on Thursday, October 26. Nomura has “Buy” rating and $126 target. Guggenheim initiated Visa Inc. (NYSE:V) on Thursday, October 8 with “Buy” rating. Morgan Stanley maintained Visa Inc. (NYSE:V) rating on Thursday, October 26. Morgan Stanley has “Overweight” rating and $126 target. As per Friday, January 20, the company rating was upgraded by Wedbush. The firm has “Outperform” rating by RBC Capital Markets given on Friday, April 21.

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