Aspen Aerogels (NYSE:ASPN) Coverage Initiated by Analysts at TD Cowen

TD Cowen initiated coverage on shares of Aspen Aerogels (NYSE:ASPN) in a research report issued to clients and investors on Friday. The firm set a “buy” rating and a $11.00 price target on the construction company’s stock. TD Cowen’s price objective would indicate a potential upside of 41.48% from the stock’s previous close.

A number of other brokerages have also issued reports on ASPN. Roth Mkm decreased their target price on shares of Aspen Aerogels from $22.00 to $16.00 and set a “buy” rating for the company in a research note on Friday, February 14th. StockNews.com raised shares of Aspen Aerogels to a “sell” rating in a report on Wednesday, February 19th. Seaport Res Ptn cut shares of Aspen Aerogels from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 12th. Craig Hallum dropped their target price on shares of Aspen Aerogels from $21.00 to $18.00 and set a “buy” rating for the company in a research report on Friday, February 14th. Finally, Canaccord Genuity Group decreased their price objective on shares of Aspen Aerogels from $20.00 to $15.00 and set a “buy” rating on the stock in a report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $19.11.

Aspen Aerogels Stock Down 0.8 %

Shares of NYSE ASPN opened at $7.78 on Friday. The company has a market cap of $637.92 million, a P/E ratio of 48.60 and a beta of 2.14. Aspen Aerogels has a 12-month low of $6.70 and a 12-month high of $33.15. The stock has a fifty day moving average price of $10.79 and a 200 day moving average price of $17.11. The company has a current ratio of 2.93, a quick ratio of 2.48 and a debt-to-equity ratio of 0.27.

Aspen Aerogels (NYSE:ASPN) last released its quarterly earnings results on Wednesday, February 12th. The construction company reported $0.15 earnings per share 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%. Research analysts anticipate that Aspen Aerogels will post 0.17 EPS for the current fiscal year.

Institutional Trading of Aspen Aerogels

A number of hedge funds have recently modified their holdings of the company. Abbot Financial Management Inc. raised its position in shares of Aspen Aerogels by 3.9% in the 4th quarter. Abbot Financial Management Inc. now owns 30,255 shares of the construction company’s stock valued at $359,000 after acquiring an additional 1,146 shares during the period. Franklin Resources Inc. raised its position in shares of Aspen Aerogels by 5.3% in the 3rd quarter. Franklin Resources Inc. now owns 29,418 shares of the construction company’s stock valued at $815,000 after acquiring an additional 1,483 shares during the period. Invesco Ltd. raised its position in shares of Aspen Aerogels by 3.5% in 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 raised its holdings in Aspen Aerogels by 5.0% during the 4th quarter. Greenwood Capital Associates LLC now owns 36,938 shares of the construction company’s stock worth $439,000 after buying an additional 1,749 shares during the period. Finally, MetLife Investment Management LLC raised its holdings in Aspen Aerogels by 6.3% during the 4th quarter. MetLife Investment Management LLC now owns 35,782 shares of the construction company’s stock worth $425,000 after buying an additional 2,118 shares during the period. 97.64% of the stock is currently owned by institutional investors and hedge funds.

About Aspen Aerogels

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.