Orion Group Holdings (ORN) Received its Third Buy in a Row


After Canaccord Genuity and Noble Financial gave Orion Group Holdings (NYSE: ORN) a Buy rating last month, the company received another Buy, this time from B.Riley FBR. Analyst Alex Rygiel maintained a Buy rating on Orion Group Holdings today and set a price target of $11. The company’s shares closed yesterday at $9.61, close to its 52-week high of $9.73.

According to TipRanks.com, Rygiel is a 5-star analyst with an average return of 13.8% and a 64.6% success rate. Rygiel covers the Basic Materials sector, focusing on stocks such as Tutor Perini Corp, Quanta Services, and MYR Group.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Orion Group Holdings with a $10.33 average price target, a 7.5% upside from current levels. In a report issued on August 2, Canaccord Genuity also maintained a Buy rating on the stock with a $10 price target.

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The company has a one-year high of $9.73 and a one-year low of $5.17. Currently, Orion Group Holdings has an average volume of 197.9K.

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Orion Group Holdings, Inc. is a specialty construction company, which engages in the provision of water services. It operates thrpugh the Marine and Concrete segments.

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