Aegion Corp (AEGN) Raised to “Buy” at ValuEngine

ValuEngine upgraded shares of Aegion Corp (NASDAQ:AEGN) from a hold rating to a buy rating in a report issued on Tuesday.

A number of other research analysts have also recently weighed in on the stock. BidaskClub upgraded shares of Aegion Corp from a buy rating to a strong-buy rating in a report on Wednesday, August 16th. Canaccord Genuity restated a buy rating and issued a $26.00 price objective on shares of Aegion Corp in a report on Thursday, August 10th. Sidoti cut shares of Aegion Corp from a buy rating to a neutral rating in a report on Tuesday, August 8th. Stifel Nicolaus restated a hold rating and issued a $23.50 price objective on shares of Aegion Corp in a report on Monday, August 7th. Finally, TheStreet upgraded shares of Aegion Corp from a c+ rating to a b rating in a report on Tuesday, August 1st. Six investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of Buy and an average target price of $23.17.

Aegion Corp (NASDAQ:AEGN) opened at 22.34 on Tuesday. The company’s 50-day moving average is $21.22 and its 200 day moving average is $21.69. The company has a market capitalization of $704.78 million, a P/E ratio of 16.49 and a beta of 1.66. Aegion Corp has a one year low of $17.18 and a one year high of $26.68.

Aegion Corp (NASDAQ:AEGN) last announced its quarterly earnings data on Tuesday, August 1st. The construction company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.08). The business had revenue of $354.47 million during the quarter, compared to analyst estimates of $351.51 million. Aegion Corp had a net margin of 3.57% and a return on equity of 7.52%. The company’s revenue for the quarter was up 18.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.23 EPS. On average, equities analysts anticipate that Aegion Corp will post $1.18 earnings per share for the current year.

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A number of institutional investors have recently modified their holdings of AEGN. Public Employees Retirement System of Ohio lifted its stake in Aegion Corp by 10.1% in the second quarter. Public Employees Retirement System of Ohio now owns 4,643 shares of the construction company’s stock worth $102,000 after acquiring an additional 426 shares during the last quarter. SG Americas Securities LLC purchased a new position in Aegion Corp in the first quarter worth approximately $119,000. State of Alaska Department of Revenue lifted its stake in Aegion Corp by 76.6% in the second quarter. State of Alaska Department of Revenue now owns 6,624 shares of the construction company’s stock worth $144,000 after acquiring an additional 2,874 shares during the last quarter. Bank of Montreal Can lifted its stake in Aegion Corp by 88.4% in the first quarter. Bank of Montreal Can now owns 7,701 shares of the construction company’s stock worth $176,000 after acquiring an additional 3,614 shares during the last quarter. Finally, Mason Street Advisors LLC lifted its stake in Aegion Corp by 6.5% in the first quarter. Mason Street Advisors LLC now owns 7,902 shares of the construction company’s stock worth $181,000 after acquiring an additional 480 shares during the last quarter. Institutional investors own 88.84% of the company’s stock.

About Aegion Corp

Aegion Corporation (Aegion) is engaged in providing infrastructure protection and maintenance. The Company operates through three segments: Infrastructure Solutions, Corrosion Protection and Energy Services. The Company offers service solutions, including rehabilitation of water and wastewater pipelines with Insituform cured-in-place pipe (CIPP) products; fusible polyvinyl chloride products for rehabilitation; fiber reinforced polymer systems for rehabilitation and strengthening; cathodic protection for corrosion engineering control and infrastructure rehabilitation; pipe coatings for corrosion control and prevention; high density polyethylene (HDPE) pipe lining for corrosion control, abrasion protection and pipeline rehabilitation, and construction and maintenance of oil and gas facilities.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Aegion Corp (NASDAQ:AEGN)

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