Aegion Corp (AEGN) Given Consensus Recommendation of “Hold” by Brokerages

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.

Several hedge funds have recently bought and sold shares of AEGN. Public Employees Retirement System of Ohio grew its holdings in shares of Aegion 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 purchasing an additional 426 shares in the last quarter. Victory Capital Management Inc. purchased a new position in shares of Aegion in the third quarter valued at $131,000. SG Americas Securities LLC purchased a new position in shares of Aegion in the third quarter valued at $133,000. Eqis Capital Management Inc. purchased a new position in shares of Aegion in the third quarter valued at $210,000. Finally, Crossmark Global Holdings Inc. purchased a new position in shares of Aegion in the third quarter valued at $240,000. 92.96% of the stock is owned by hedge funds and other institutional investors.

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.

ILLEGAL ACTIVITY NOTICE: This piece was first reported by American Banking News and is the property of of American Banking News. If you are viewing this piece on another publication, it was stolen and reposted in violation of U.S. and international copyright legislation. The correct version of this piece can be viewed at https://www.americanbankingnews.com/2018/01/19/aegion-corp-aegn-given-consensus-recommendation-of-hold-by-brokerages.html.

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.

Analyst Recommendations for Aegion (NASDAQ:AEGN)

Receive News & Ratings for Aegion Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aegion and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply