Aegion Corp (AEGN) Raised to “Buy” at Hilliard Lyons
Aegion Corp (NASDAQ:AEGN) was upgraded by investment analysts at Hilliard Lyons from a “neutral” rating to a “buy” rating in a research note issued on Wednesday.
AEGN has been the topic of a number of other research reports. Canaccord Genuity raised their price target on shares of Aegion Corp from $47.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, August 3rd. Sidoti downgraded shares of Aegion Corp from a “buy” rating to a “neutral” rating in a research note on Tuesday, August 8th. BidaskClub downgraded Aegion Corp from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Zacks Investment Research upgraded Aegion Corp from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 11th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $23.50 price objective on shares of Aegion Corp in a report on Friday, July 7th. Six analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $23.17.
Shares of Aegion Corp (AEGN) traded up 1.2413% during midday trading on Wednesday, hitting $21.8175. The stock had a trading volume of 150,541 shares. The stock has a market cap of $688.30 million, a price-to-earnings ratio of 16.1015 and a beta of 1.69. Aegion Corp has a 1-year low of $17.85 and a 1-year high of $26.68. The firm’s 50-day moving average price is $21.73 and its 200-day moving average price is $21.63.
Aegion Corp (NASDAQ:AEGN) last issued its earnings results on Tuesday, August 1st. The construction company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.08). Aegion Corp had a return on equity of 7.52% and a net margin of 3.57%. The firm had revenue of $354.47 million during the quarter, compared to the consensus estimate of $351.51 million. During the same quarter in the prior year, the business posted $0.23 EPS. The firm’s revenue for the quarter was up 18.9% on a year-over-year basis. Analysts forecast that Aegion Corp will post $1.18 earnings per share for the current year.
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Institutional investors and hedge funds have recently made changes to their positions in the business. Eqis Capital Management Inc. bought a new stake in shares of Aegion Corp in the 3rd quarter worth approximately $210,000. Public Employees Retirement System of Ohio increased its position in Aegion Corp by 10.1% during the 2nd 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 in the last quarter. Security National Bank of SO Dak increased its position in Aegion Corp by 2.3% during the 2nd quarter. Security National Bank of SO Dak now owns 48,882 shares of the construction company’s stock valued at $1,069,000 after buying an additional 1,090 shares in the last quarter. Security National Bank of Sioux City Iowa IA increased its position in Aegion Corp by 1.3% during the 2nd quarter. Security National Bank of Sioux City Iowa IA now owns 61,021 shares of the construction company’s stock valued at $1,335,000 after buying an additional 795 shares in the last quarter. Finally, Cubist Systematic Strategies LLC bought a new position in Aegion Corp during the 2nd quarter valued at approximately $295,000. Institutional investors and hedge funds own 88.84% 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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