Aegion Corp (AEGN) Rating Reiterated by Stifel Nicolaus
Aegion Corp (NASDAQ:AEGN)‘s stock had its “hold” rating reaffirmed by analysts at Stifel Nicolaus in a research report issued to clients and investors on Monday. They presently have a $23.50 price target on the construction company’s stock. Stifel Nicolaus’ target price would suggest a potential upside of 16.80% from the company’s current price.
Other research analysts have also recently issued research reports about the stock. TheStreet upgraded shares of Aegion Corp from a “c+” rating to a “b” rating in a report on Tuesday, August 1st. BidaskClub upgraded shares of Aegion Corp from a “sell” rating to a “hold” rating in a report on Saturday, July 8th. Zacks Investment Research cut shares of Aegion Corp from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. Sidoti cut shares of Aegion Corp from a “buy” rating to a “neutral” rating in a report on Wednesday, August 2nd. Finally, Canaccord Genuity restated a “buy” rating and set a $30.00 price objective on shares of Aegion Corp in a report on Monday, May 15th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $31.17.
Shares of Aegion Corp (NASDAQ AEGN) traded down 0.05% during midday trading on Monday, hitting $20.11. 46,511 shares of the company traded hands. The stock’s 50-day moving average is $22.35 and its 200 day moving average is $22.13. The stock has a market capitalization of $671.17 million, a P/E ratio of 14.84 and a beta of 1.67. Aegion Corp has a 12-month low of $17.18 and a 12-month high of $26.68.
Aegion Corp (NASDAQ:AEGN) last issued its quarterly earnings data on Tuesday, August 1st. The construction company reported $0.33 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.41 by $0.08. The firm had revenue of $354.47 million for 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 firm’s revenue for the quarter was up 18.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.23 EPS. On average, analysts expect that Aegion Corp will post $1.19 earnings per share for the current year.
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Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Ngam Advisors L.P. boosted its position in Aegion Corp by 0.6% in the first quarter. Ngam Advisors L.P. now owns 11,429 shares of the construction company’s stock valued at $262,000 after buying an additional 64 shares during the period. Louisiana State Employees Retirement System boosted its position in Aegion Corp by 0.7% in the first quarter. Louisiana State Employees Retirement System now owns 13,800 shares of the construction company’s stock valued at $316,000 after buying an additional 100 shares during the period. Arizona State Retirement System boosted its position in Aegion Corp by 0.6% in the first quarter. Arizona State Retirement System now owns 17,573 shares of the construction company’s stock valued at $403,000 after buying an additional 100 shares during the period. Municipal Employees Retirement System of Michigan boosted its position in Aegion Corp by 1.6% in the third quarter. Municipal Employees Retirement System of Michigan now owns 7,790 shares of the construction company’s stock valued at $149,000 after buying an additional 120 shares during the period. Finally, NGAM Advisors L.P. boosted its position in Aegion Corp by 1.2% in the second quarter. NGAM Advisors L.P. now owns 11,569 shares of the construction company’s stock valued at $253,000 after buying an additional 140 shares during the period. Institutional investors own 88.00% of the company’s stock.
Aegion Corp Company Profile
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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