Aegion Corp (AEGN) Upgraded by BidaskClub to Strong-Buy
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.
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.
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