Aegion Corp (NASDAQ:AEGN) has been assigned an average recommendation of “Hold” from the nine brokerages that are currently covering the stock, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $26.50.
A number of brokerages have issued reports on AEGN. Zacks Investment Research raised shares of Aegion from a “sell” rating to a “hold” rating in a report on Wednesday, November 8th. Stifel Nicolaus reaffirmed a “hold” rating and set a $26.00 price objective on shares of Aegion in a report on Thursday, December 14th. BidaskClub lowered shares of Aegion from a “strong-buy” rating to a “buy” rating in a report on Thursday, December 14th. TheStreet lowered shares of Aegion from a “b-” rating to a “c” rating in a report on Thursday, November 2nd. Finally, Hilliard Lyons lowered shares of Aegion from a “buy” rating to a “neutral” rating in a report on Thursday, December 21st.
In related news, CFO David A. Martin sold 10,000 shares of the firm’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $24.00, for a total value of $240,000.00. Following the completion of the transaction, the chief financial officer now directly owns 101,430 shares of the company’s stock, valued at $2,434,320. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP David F. Morris sold 9,239 shares of the firm’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $28.05, for a total transaction of $259,153.95. The disclosure for this sale can be found here. Company insiders own 3.62% of the company’s stock.
Shares of Aegion (AEGN) opened at $25.39 on Friday. The company has a current ratio of 2.36, a quick ratio of 2.09 and a debt-to-equity ratio of 0.65. Aegion has a fifty-two week low of $19.11 and a fifty-two week high of $28.19. The stock has a market cap of $839.52, a P/E ratio of -20.98, a price-to-earnings-growth ratio of 1.50 and a beta of 1.77.
Aegion (NASDAQ:AEGN) last announced its quarterly earnings data on Wednesday, November 1st. The construction company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.06. Aegion had a negative net margin of 3.03% and a positive return on equity of 7.62%. The business had revenue of $341.87 million during the quarter, compared to analyst estimates of $328.98 million. During the same period last year, the firm posted $0.32 EPS. The company’s revenue was up 10.8% on a year-over-year basis. equities research analysts anticipate that Aegion will post 1.09 earnings per share for the current year.
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Aegion 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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