Aspen Aerogels, Inc. (NYSE:ASPN) Receives Consensus Rating of “Buy” from Brokerages

Shares of Aspen Aerogels, Inc. (NYSE:ASPN) have received an average recommendation of “Buy” from the ten analysts that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $19.11.

A number of research analysts recently commented on the company. Barclays lowered their price target on Aspen Aerogels from $25.00 to $13.00 and set an “overweight” rating on the stock in a report on Wednesday, February 19th. Seaport Res Ptn downgraded shares of Aspen Aerogels from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 12th. Canaccord Genuity Group cut their target price on shares of Aspen Aerogels from $20.00 to $15.00 and set a “buy” rating for the company in a research note on Friday, February 14th. Roth Mkm decreased their price target on shares of Aspen Aerogels from $22.00 to $16.00 and set a “buy” rating on the stock in a research note on Friday, February 14th. Finally, Craig Hallum cut their price objective on Aspen Aerogels from $21.00 to $18.00 and set a “buy” rating for the company in a research report on Friday, February 14th.

Hedge Funds Weigh In On Aspen Aerogels

Several hedge funds have recently added to or reduced their stakes in ASPN. Abbot Financial Management Inc. lifted its stake in Aspen Aerogels by 3.9% in the fourth quarter. Abbot Financial Management Inc. now owns 30,255 shares of the construction company’s stock worth $359,000 after purchasing an additional 1,146 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of Aspen Aerogels by 5.3% during the 3rd quarter. Franklin Resources Inc. now owns 29,418 shares of the construction company’s stock worth $815,000 after acquiring an additional 1,483 shares during the last quarter. Invesco Ltd. boosted its holdings in Aspen Aerogels by 3.5% during the 4th quarter. Invesco Ltd. now owns 50,871 shares of the construction company’s stock valued at $604,000 after acquiring an additional 1,724 shares during the period. Greenwood Capital Associates LLC grew its position in Aspen Aerogels by 5.0% in the 4th quarter. Greenwood Capital Associates LLC now owns 36,938 shares of the construction company’s stock valued at $439,000 after acquiring an additional 1,749 shares during the last quarter. Finally, MetLife Investment Management LLC increased its stake in Aspen Aerogels by 6.3% in the fourth quarter. MetLife Investment Management LLC now owns 35,782 shares of the construction company’s stock worth $425,000 after purchasing an additional 2,118 shares during the period. 97.64% of the stock is currently owned by institutional investors.

Aspen Aerogels Stock Performance

ASPN opened at $5.40 on Wednesday. The company has a 50 day simple moving average of $6.43 and a two-hundred day simple moving average of $11.45. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.93 and a quick ratio of 2.48. The firm has a market cap of $443.37 million, a P/E ratio of 33.75 and a beta of 2.35. Aspen Aerogels has a 1-year low of $4.80 and a 1-year high of $33.15.

Aspen Aerogels (NYSE:ASPN) last posted its quarterly earnings results on Wednesday, February 12th. The construction company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.11. Aspen Aerogels had a return on equity of 7.49% and a net margin of 2.95%. Equities analysts forecast that Aspen Aerogels will post 0.17 earnings per share for the current fiscal year.

Aspen Aerogels Company Profile

Aspen Aerogels, Inc designs, develops, manufactures, and sells aerogel insulation products primarily for use in the energy infrastructure and sustainable insulation materials markets in the United States, Asia, Canada, Europe, and Latin America. It operates in two segments, Energy Industrial and Thermal Barrier.