Brokerages Set Aspen Aerogels, Inc. (NYSE:ASPN) PT at $29.70

Shares of Aspen Aerogels, Inc. (NYSE:ASPNGet Rating) have been given a consensus rating of “Buy” by the ten analysts that are currently covering the firm, Marketbeat reports. Four research analysts have rated the stock with a buy rating. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $29.70.

A number of brokerages have commented on ASPN. Cowen decreased their price target on Aspen Aerogels from $35.00 to $28.00 in a research note on Friday, October 28th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $20.00 price target on shares of Aspen Aerogels in a research note on Friday, October 21st. Cowen reduced their target price on Aspen Aerogels from $35.00 to $28.00 in a research note on Friday, October 28th. Benchmark reduced their target price on Aspen Aerogels to $22.00 in a research note on Tuesday, November 1st. Finally, Oppenheimer reduced their target price on Aspen Aerogels to $23.00 in a research note on Tuesday, November 1st.

Institutional Investors Weigh In On Aspen Aerogels

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Captrust Financial Advisors boosted its holdings in Aspen Aerogels by 451.1% in the first quarter. Captrust Financial Advisors now owns 722 shares of the construction company’s stock worth $25,000 after acquiring an additional 591 shares in the last quarter. Advisor Group Holdings Inc. boosted its holdings in Aspen Aerogels by 37.5% in the first quarter. Advisor Group Holdings Inc. now owns 2,539 shares of the construction company’s stock worth $87,000 after acquiring an additional 692 shares in the last quarter. Deutsche Bank AG boosted its holdings in Aspen Aerogels by 0.3% in the second quarter. Deutsche Bank AG now owns 326,175 shares of the construction company’s stock worth $3,223,000 after acquiring an additional 846 shares in the last quarter. BNP Paribas Arbitrage SNC boosted its holdings in Aspen Aerogels by 15.1% in the third quarter. BNP Paribas Arbitrage SNC now owns 6,987 shares of the construction company’s stock worth $64,000 after acquiring an additional 919 shares in the last quarter. Finally, Brown Advisory Inc. boosted its holdings in Aspen Aerogels by 10.6% in the second quarter. Brown Advisory Inc. now owns 10,031 shares of the construction company’s stock worth $499,000 after acquiring an additional 964 shares in the last quarter. 91.66% of the stock is owned by hedge funds and other institutional investors.

Aspen Aerogels Price Performance

Shares of Aspen Aerogels stock opened at $13.03 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.93 and a quick ratio of 1.68. The business’s 50 day simple moving average is $11.19 and its two-hundred day simple moving average is $13.00. The stock has a market capitalization of $533.06 million, a P/E ratio of -5.17 and a beta of 2.34. Aspen Aerogels has a one year low of $7.93 and a one year high of $62.26.

About Aspen Aerogels

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Aspen Aerogels, Inc designs, develops, manufactures, and sells aerogel insulation products primarily for use in the energy infrastructure and building materials markets in the United States, Asia, Canada, Europe, and Latin America. The company offers PyroThin thermal barriers for use in lithium-ion batteries in electric vehicles and energy storage industries; Pyrogel XTE that reduces the risk of corrosion under insulation in energy infrastructure operating systems; Pyrogel HPS for applications within the power generation market; Pyrogel XTF to provide protection against fire; Cryogel Z for sub-ambient and cryogenic applications in the energy infrastructure market; and Spaceloft Subsea for use in pipe-in-pipe applications in offshore oil production.

See Also

Analyst Recommendations for Aspen Aerogels (NYSE:ASPN)

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