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.
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