Aegion Corp (NASDAQ:AEGN) was upgraded by equities researchers at BidaskClub from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Wednesday.

Several other brokerages also recently commented on AEGN. Canaccord Genuity reissued a “buy” rating and issued a $26.00 price objective on shares of Aegion Corp in a research note on Thursday, August 10th. Hilliard Lyons downgraded Aegion Corp from a “buy” rating to a “neutral” rating in a research note on Monday, May 1st. TheStreet downgraded Aegion Corp from a “b” rating to a “c” rating in a research note on Monday, June 5th. Zacks Investment Research raised Aegion Corp from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 10th. Finally, Craig Hallum raised Aegion Corp from a “hold” rating to a “buy” rating in a research note on Tuesday, May 23rd. Six analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $23.17.

Shares of Aegion Corp (NASDAQ:AEGN) traded down 0.29% during midday trading on Wednesday, reaching $20.56. The company had a trading volume of 231,644 shares. The stock’s 50 day moving average is $22.22 and its 200-day moving average is $21.95. Aegion Corp has a 12-month low of $17.18 and a 12-month high of $26.68. The stock has a market capitalization of $648.63 million, a PE ratio of 15.17 and a beta of 1.67.

Aegion Corp (NASDAQ:AEGN) last issued its quarterly earnings data on Tuesday, August 1st. The construction company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.41 by $0.08. The company had revenue of $354.47 million during the quarter, compared to analysts’ expectations of $351.51 million. Aegion Corp had a return on equity of 7.52% and a net margin of 3.57%. The business’s revenue for the quarter was up 18.9% compared to the same quarter last year. During the same period last year, the company earned $0.23 earnings per share. On average, equities research analysts predict that Aegion Corp will post $1.18 earnings per share for the current fiscal year.

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Several hedge funds have recently modified their holdings of the stock. Ngam Advisors L.P. increased its stake 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 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 in the last quarter. Arizona State Retirement System increased its stake 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 worth $403,000 after buying an additional 100 shares in the last quarter. NGAM Advisors L.P. increased its stake 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 worth $253,000 after buying an additional 140 shares in the last quarter. Finally, Wells Fargo & Company MN increased its stake in Aegion Corp by 0.6% in the first quarter. Wells Fargo & Company MN now owns 25,867 shares of the construction company’s stock worth $592,000 after buying an additional 150 shares in the last quarter. 90.87% 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.

Analyst Recommendations for Aegion Corp (NASDAQ:AEGN)

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