Aegion Corp (NASDAQ:AEGN) was downgraded by stock analysts at Sidoti from a “buy” rating to a “neutral” rating in a research note issued on Tuesday.

Several other brokerages also recently weighed in on AEGN. BidaskClub upgraded shares of Aegion Corp from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. Canaccord Genuity restated a “buy” rating and issued a $30.00 target price on shares of Aegion Corp in a research note on Friday, April 21st. Hilliard Lyons downgraded shares of Aegion Corp from a “buy” rating to a “neutral” rating in a research note on Monday, May 1st. Stifel Nicolaus restated a “hold” rating and issued a $23.50 target price on shares of Aegion Corp in a research note on Friday, July 7th. Finally, Zacks Investment Research upgraded shares of Aegion Corp from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 11th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Aegion Corp presently has a consensus rating of “Hold” and an average target price of $31.17.

Shares of Aegion Corp (NASDAQ AEGN) traded up 0.44% during midday trading on Tuesday, hitting $20.77. 195,610 shares of the stock were exchanged. The firm has a 50 day moving average of $22.23 and a 200 day moving average of $22.07. The firm has a market cap of $693.20 million, a P/E ratio of 15.33 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 announced its earnings results on Tuesday, August 1st. The construction company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.41 by $0.08. The firm had revenue of $354.47 million during the quarter, compared to analysts’ expectations of $351.51 million. Aegion Corp had a net margin of 3.57% and a return on equity of 7.52%. Aegion Corp’s revenue for the quarter was up 18.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.23 earnings per share. Equities analysts forecast that Aegion Corp will post $1.19 EPS for the current fiscal year.

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Several hedge funds have recently modified their holdings of the company. American Century Companies Inc. increased its stake in Aegion Corp by 30.4% in the first quarter. American Century Companies Inc. now owns 120,788 shares of the construction company’s stock worth $2,767,000 after buying an additional 28,140 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Aegion Corp by 6.0% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 30,501 shares of the construction company’s stock worth $699,000 after buying an additional 1,728 shares during the last quarter. Teachers Advisors LLC increased its stake in Aegion Corp by 4.9% in the fourth quarter. Teachers Advisors LLC now owns 72,720 shares of the construction company’s stock worth $1,723,000 after buying an additional 3,427 shares during the last quarter. Louisiana State Employees Retirement System increased its stake 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 worth $316,000 after buying an additional 100 shares during the last quarter. Finally, Nordea Investment Management AB increased its stake in Aegion Corp by 227.0% in the first quarter. Nordea Investment Management AB now owns 191,888 shares of the construction company’s stock worth $4,396,000 after buying an additional 133,210 shares during the last quarter. 88.00% of the stock is currently 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.

Analyst Recommendations for Aegion Corp (NASDAQ:AEGN)

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