Aegion Corp (AEGN) Receives Consensus Rating of “Hold” from Brokerages
Aegion Corp (NASDAQ:AEGN) has been given a consensus recommendation of “Hold” by the ten ratings firms that are covering the company, Marketbeat Ratings reports. Six analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among brokers that have covered the stock in the last year is $26.75.
A number of analysts recently issued reports on AEGN shares. Canaccord Genuity reiterated a “buy” rating and issued a $30.00 price target on shares of Aegion Corp in a report on Friday, April 21st. Hilliard Lyons lowered Aegion Corp from a “buy” rating to a “neutral” rating in a report on Monday, May 1st. Zacks Investment Research upgraded Aegion Corp from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 10th. Craig Hallum upgraded Aegion Corp from a “hold” rating to a “buy” rating in a report on Tuesday, May 23rd. Finally, TheStreet lowered Aegion Corp from a “b” rating to a “c” rating in a report on Monday, June 5th.
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Shares of Aegion Corp (AEGN) opened at 23.86 on Friday. The company’s 50 day moving average price is $22.08 and its 200-day moving average price is $22.13. Aegion Corp has a 1-year low of $17.18 and a 1-year high of $26.68. The company has a market capitalization of $762.90 million, a price-to-earnings ratio of 21.21 and a beta of 1.65.
Aegion Corp (NASDAQ:AEGN) last announced its quarterly earnings results on Tuesday, May 2nd. The construction company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by $0.01. The firm had revenue of $325.18 million during the quarter, compared to analysts’ expectations of $319.43 million. Aegion Corp had a net margin of 3.12% and a return on equity of 7.07%. On average, equities analysts forecast that Aegion Corp will post $1.30 earnings per share for the current year.
Institutional investors have recently modified their holdings of the company. Karp Capital Management Corp acquired a new position in shares of Aegion Corp during the first quarter worth approximately $592,000. Tudor Investment Corp ET AL increased its position in shares of Aegion Corp by 16.0% in the first quarter. Tudor Investment Corp ET AL now owns 30,944 shares of the construction company’s stock worth $709,000 after buying an additional 4,279 shares during the period. Adams Diversified Equity Fund Inc. increased its position in shares of Aegion Corp by 2.8% in the first quarter. Adams Diversified Equity Fund Inc. now owns 47,600 shares of the construction company’s stock worth $1,091,000 after buying an additional 1,300 shares during the period. Security National Bank of SO Dak increased its position in shares of Aegion Corp by 1.8% in the first quarter. Security National Bank of SO Dak now owns 47,792 shares of the construction company’s stock worth $1,095,000 after buying an additional 835 shares during the period. Finally, Ngam Advisors L.P. increased its position in shares of Aegion Corp by 0.6% in the first quarter. Ngam Advisors L.P. now owns 11,429 shares of the construction company’s stock worth $262,000 after buying an additional 64 shares during the period. 87.92% of the stock is owned by institutional investors.
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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