Roth/MKM Starts Orion Marine Group (ORN) at Buy

Roth/MKM analyst Gerry Sweeney initiates coverage on Orion Marine Group (NYSE: ORN) with a Buy rating and a price target of $17.00.

The analyst comments: "We believe ORN’s Marine segment will benefit from long-term, multi-billion-dollar spending initiatives associated with US Navy defense programs, port infrastructure refurbishment and other key areas. In conjunction, Concrete is positioned in states with the highest infrastructure- reserved budgets. These drivers should allow for organic growth of 7.0-10.0%. In turn, revenue should leverage recent operating improvement efforts, lifting AEBITDA margins to 7.6% in 2027. We believe an improving margin profile should narrow ORN's valuation gap between peers, which is currently 10.2x AEBITDA vs. 14.5x for comparable companies."

For an analyst ratings summary and ratings history on Orion Marine Group click here. For more ratings news on Orion Marine Group click here.

Shares of Orion Marine Group closed at $14.30 yesterday.

You May Also Be Interested In

• Freedom Broker Downgrades Gentherm Incorporated (THRM) to Hold
• Ambow Education (AMBO) files $100M mixed shelf
• General Dynamics wins $400M space contract