Shares of Aegion Corp (NASDAQ:AEGN) have been given a consensus rating of “Buy” by the eleven ratings firms that are covering the stock, Marketbeat reports. Six equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $24.75.
Several analysts recently commented on AEGN shares. BidaskClub upgraded Aegion Corp from a “sell” rating to a “hold” rating in a research report on Saturday, July 8th. Zacks Investment Research upgraded Aegion Corp from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 11th. TheStreet cut Aegion Corp from a “b” rating to a “c” rating in a research report on Monday, June 5th. Stifel Nicolaus reiterated a “hold” rating and set a $23.50 price target on shares of Aegion Corp in a research report on Friday, July 7th. Finally, Canaccord Genuity boosted their price target on Aegion Corp from $47.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, August 3rd.
A number of large investors have recently modified their holdings of the business. BlackRock Inc. grew its holdings in Aegion Corp by 12,966.0% in the 1st quarter. BlackRock Inc. now owns 4,365,349 shares of the construction company’s stock valued at $100,010,000 after buying an additional 4,331,939 shares in the last quarter. Vanguard Group Inc. grew its holdings in Aegion Corp by 4.4% in the 1st quarter. Vanguard Group Inc. now owns 3,050,397 shares of the construction company’s stock valued at $69,885,000 after buying an additional 128,485 shares in the last quarter. Boston Partners grew its holdings in Aegion Corp by 3.2% in the 2nd quarter. Boston Partners now owns 1,029,880 shares of the construction company’s stock valued at $22,534,000 after buying an additional 32,205 shares in the last quarter. State Street Corp grew its holdings in Aegion Corp by 0.9% in the 2nd quarter. State Street Corp now owns 920,962 shares of the construction company’s stock valued at $20,152,000 after buying an additional 8,122 shares in the last quarter. Finally, Royce & Associates LP grew its holdings in Aegion Corp by 2.3% in the 2nd quarter. Royce & Associates LP now owns 877,893 shares of the construction company’s stock valued at $19,208,000 after buying an additional 19,447 shares in the last quarter. Institutional investors own 88.84% of the company’s stock.
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Aegion Corp (NASDAQ:AEGN) opened at 22.28 on Friday. Aegion Corp has a 12-month low of $17.39 and a 12-month high of $26.68. The company has a 50 day moving average of $21.17 and a 200-day moving average of $21.68. The stock has a market capitalization of $702.89 million, a price-to-earnings ratio of 16.44 and a beta of 1.66.
Aegion Corp (NASDAQ:AEGN) last issued its quarterly earnings results on Tuesday, August 1st. The construction company reported $0.33 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by ($0.08). Aegion Corp had a return on equity of 7.52% and a net margin of 3.57%. The firm had revenue of $354.47 million for the quarter, compared to analysts’ expectations of $351.51 million. During the same quarter in the previous year, the firm posted $0.23 earnings per share. The firm’s revenue for the quarter was up 18.9% compared to the same quarter last year. On average, equities research analysts forecast that Aegion Corp will post $1.18 earnings per share for the current year.
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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