Mizuho Securities Thinks Orion Group Holdings’ Stock is Going to Recover

By Ryan Adsit

In a report released today, Salim Syed from Mizuho Securities maintained a Buy rating on Orion Group Holdings (ORNResearch Report), with a price target of $7.10. The company’s shares closed yesterday at $2.61, close to its 52-week low of $1.80.

According to TipRanks.com, Syed is a 1-star analyst with an average return of -3.5% and a 45.6% success rate. Syed covers the Healthcare sector, focusing on stocks such as Unity Biotechnology Inc, Atara Biotherapeutics, and Neon Therapeutics Inc.

Orion Group Holdings has an analyst consensus of Moderate Buy, with a price target consensus of $5.55.

See today’s analyst top recommended stocks >>

Based on Orion Group Holdings’ latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $7.92 million. In comparison, last year the company had a net profit of $2.25 million.

Based on the recent corporate insider activity of 23 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ORN in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Orion Group Holdings, Inc. engages in the provision of specialty construction services in the building, industrial, and infrastructure sectors. It operates through the Marine and Concrete segments.