Aegion Corp (AEGN) Receives Consensus Recommendation of “Hold” from Analysts
Shares of Aegion Corp (NASDAQ:AEGN) have received a consensus rating of “Hold” from the ten analysts that are currently covering the company, MarketBeat reports. Six equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $24.75.
AEGN has been the topic of several research reports. Hilliard Lyons downgraded shares of Aegion Corp from a “buy” rating to a “neutral” rating in a research note on Monday, May 1st. BidaskClub raised shares of Aegion Corp from a “sell” rating to a “hold” rating in a research note on Saturday, July 8th. Zacks Investment Research raised shares of Aegion Corp from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 11th. TheStreet downgraded shares of Aegion Corp from a “b” rating to a “c” rating in a research note on Monday, June 5th. Finally, Canaccord Genuity reaffirmed a “buy” rating and issued a $30.00 target price on shares of Aegion Corp in a research note on Friday, May 5th.
Hedge funds and other institutional investors have recently modified their holdings of the company. Public Employees Retirement System of Ohio increased its position in shares of Aegion Corp by 10.1% in the second quarter. Public Employees Retirement System of Ohio now owns 4,643 shares of the construction company’s stock valued at $102,000 after buying an additional 426 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Aegion Corp during the first quarter valued at approximately $119,000. State of Alaska Department of Revenue increased its position in shares of Aegion Corp by 76.6% in the second quarter. State of Alaska Department of Revenue now owns 6,624 shares of the construction company’s stock valued at $144,000 after buying an additional 2,874 shares during the last quarter. Bank of Montreal Can increased its position in shares of Aegion Corp by 88.4% in the first quarter. Bank of Montreal Can now owns 7,701 shares of the construction company’s stock valued at $176,000 after buying an additional 3,614 shares during the last quarter. Finally, Mason Street Advisors LLC increased its position in shares of Aegion Corp by 6.5% in the first quarter. Mason Street Advisors LLC now owns 7,902 shares of the construction company’s stock valued at $181,000 after buying an additional 480 shares during the last quarter. 90.87% of the stock is currently owned by institutional investors.
Aegion Corp (NASDAQ AEGN) opened at 20.41 on Tuesday. Aegion Corp has a 12 month low of $17.18 and a 12 month high of $26.68. The firm has a 50-day moving average of $22.10 and a 200 day moving average of $21.88. The firm has a market capitalization of $643.89 million, a PE ratio of 15.06 and a beta of 1.67.
Aegion Corp (NASDAQ:AEGN) last posted its quarterly earnings results 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 business had revenue of $354.47 million for 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 company’s revenue was up 18.9% compared to the same quarter last year. During the same period last year, the business posted $0.23 earnings per share. Equities research analysts forecast that Aegion Corp will post $1.18 earnings per share for the current year.
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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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