Aegion Corp. (AEGN) Given “Hold” Rating at DA Davidson
Aegion Corp. (NASDAQ:AEGN)‘s stock had its “hold” rating restated by equities research analysts at DA Davidson in a report issued on Wednesday. They presently have a $20.00 price target on the stock. DA Davidson’s price target indicates a potential upside of 2.20% from the stock’s current price.
Other analysts have also recently issued research reports about the stock. Hilliard Lyons raised shares of Aegion Corp. from a “neutral” rating to a “buy” rating in a research note on Tuesday, June 28th. Sidoti began coverage on shares of Aegion Corp. in a research note on Monday, June 27th. They issued a “neutral” rating on the stock. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $21.33.
Shares of Aegion Corp. (NASDAQ:AEGN) traded down 1.31% on Wednesday, hitting $19.57. The company had a trading volume of 101,444 shares. The company has a 50 day moving average of $18.71 and a 200-day moving average of $19.64. The company’s market cap is $649.18 million. Aegion Corp. has a 12-month low of $16.00 and a 12-month high of $22.41.
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Aegion Corp. (NASDAQ:AEGN) last posted its earnings results on Tuesday, August 2nd. The company reported $0.23 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.01. The business had revenue of $297.69 million for the quarter, compared to analysts’ expectations of $313.10 million. Aegion Corp. had a negative net margin of 1.45% and a positive return on equity of 7.08%. The firm’s revenue for the quarter was down 11.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.35 earnings per share. On average, analysts forecast that Aegion Corp. will post $1.13 earnings per share for the current year.
A number of hedge funds have recently modified their holdings of the company. Picton Mahoney Asset Management purchased a new stake in shares of Aegion Corp. during the second quarter valued at $104,000. Mason Street Advisors LLC purchased a new stake in shares of Aegion Corp. during the second quarter valued at $134,000. Royal Bank of Canada boosted its stake in shares of Aegion Corp. by 42.8% in the first quarter. Royal Bank of Canada now owns 10,030 shares of the company’s stock valued at $211,000 after buying an additional 3,007 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Aegion Corp. by 98,345.5% in the second quarter. Tower Research Capital LLC TRC now owns 10,829 shares of the company’s stock valued at $211,000 after buying an additional 10,818 shares in the last quarter. Finally, BNP Paribas Arbitrage SA boosted its stake in shares of Aegion Corp. by 96.8% in the second quarter. BNP Paribas Arbitrage SA now owns 11,785 shares of the company’s stock valued at $230,000 after buying an additional 5,796 shares in the last quarter. 88.66% of the stock is currently owned by hedge funds and other institutional investors.
About Aegion Corp.
Aegion Corporation (Aegion) is engaged in providing infrastructure protection and maintenance. The Company is engaged in providing technologies and services to protect against the corrosion of industrial pipelines, and rehabilitate and strengthen water, wastewater, energy and mining piping systems and buildings, bridges, tunnels and waterfront structures.
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