Argan

Argan has suspended the planned sale of the CARAT portfolio because of the current economic and political environment in France. The sale would have generated net cash inflows of €130 million; the share price fell 1.5% as a result. The company revised its target leverage ratios upward and expects slight improvements for 2025 (revenue from €210m to €211m, recurring net income from €151m to €152m) as well as a more favorable outlook for 2026; Argan will provide further details on 22 January at its 2025 annual results presentation. It remains unclear whether the sale will be reattempted in 2026 and whether the previously announced debt-reduction plan through 2030 still applies, raising questions about the portfolio’s valuation and the higher leverage. » More on de.investing.com

Argan Inc. shares reached a new all-time high of $249.34, driven by robust revenue growth of 45% and strong quarterly results that exceeded expectations. The company also announced an increased quarterly dividend and maintains a solid financial position with more cash on hand than debt. JPMorgan rates Argan as neutral with a price target of $220 by December 2026. » More on de.investing.com