Aegion Corp (AEGN) Receives Consensus Recommendation of “Buy” from Analysts
Shares of Aegion Corp (NASDAQ:AEGN) have been assigned a consensus rating of “Buy” from the eleven research firms that are currently covering the stock, MarketBeat.com reports. Six investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $25.17.
A number of research firms recently weighed in on AEGN. TheStreet upgraded shares of Aegion Corp from a “c+” rating to a “b” rating in a research report on Tuesday, August 1st. Canaccord Genuity restated a “buy” rating and set a $26.00 price target on shares of Aegion Corp in a research report on Thursday, August 10th. Sidoti lowered shares of Aegion Corp from a “buy” rating to a “neutral” rating in a research report on Tuesday, August 8th. Stifel Nicolaus restated a “hold” rating and set a $23.50 price target on shares of Aegion Corp in a research report on Monday, August 7th. Finally, BidaskClub lowered shares of Aegion Corp from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th.
Large investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio boosted its holdings in Aegion Corp by 10.1% in 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 purchasing an additional 426 shares during the last quarter. SG Americas Securities LLC acquired a new position in Aegion Corp in the 1st quarter valued at about $119,000. State of Alaska Department of Revenue boosted its holdings in Aegion Corp by 76.6% in the 2nd quarter. State of Alaska Department of Revenue now owns 6,624 shares of the construction company’s stock valued at $144,000 after purchasing an additional 2,874 shares during the last quarter. Mason Street Advisors LLC boosted its holdings in Aegion Corp by 6.5% in the 1st quarter. Mason Street Advisors LLC now owns 7,902 shares of the construction company’s stock valued at $181,000 after purchasing an additional 480 shares during the last quarter. Finally, Eqis Capital Management Inc. acquired a new position in Aegion Corp in the 3rd quarter valued at about $210,000. Institutional investors own 88.86% of the company’s stock.
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Aegion Corp (NASDAQ AEGN) opened at 22.25 on Wednesday. The company has a 50 day moving average of $21.98 and a 200-day moving average of $21.63. The company has a market cap of $701.94 million, a P/E ratio of 16.42 and a beta of 1.69. Aegion Corp has a one year low of $17.85 and a one year high of $26.68.
Aegion Corp (NASDAQ:AEGN) last posted its quarterly earnings results on Tuesday, August 1st. The construction company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.08). The business had revenue of $354.47 million for the quarter, compared to analyst estimates 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 was up 18.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.23 earnings per share. On average, equities analysts expect that Aegion Corp will post $1.06 earnings per share for the current fiscal year.
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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