Aegion (AEGN) Downgraded by BidaskClub

Aegion (NASDAQ:AEGN) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued on Friday.

AEGN has been the topic of a number of other reports. Craig Hallum lowered shares of Aegion from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Zacks Investment Research raised shares of Aegion from a “hold” rating to a “buy” rating and set a $28.00 target price on the stock in a research report on Tuesday, January 2nd. ValuEngine raised shares of Aegion from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Canaccord Genuity raised their target price on shares of Aegion from $26.00 to $27.00 and gave the stock a “buy” rating in a research report on Friday, November 3rd. Finally, TheStreet lowered shares of Aegion from a “b-” rating to a “c” rating in a research report on Thursday, November 2nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $26.75.

Aegion (AEGN) traded up $0.08 during trading on Friday, reaching $25.59. 70,214 shares of the company were exchanged, compared to its average volume of 150,514. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.36 and a quick ratio of 2.09. Aegion has a 12 month low of $19.11 and a 12 month high of $28.19. The stock has a market cap of $834.97, a price-to-earnings ratio of -21.15, a P/E/G ratio of 1.48 and a beta of 1.77.

Aegion (NASDAQ:AEGN) last posted its quarterly earnings data on Wednesday, November 1st. The construction company reported $0.32 earnings per share for the quarter, topping the Zacks’ consensus estimate 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 company had revenue of $341.87 million for the quarter, compared to analyst estimates of $328.98 million. During the same period in the prior year, the company posted $0.32 EPS. The firm’s revenue for the quarter was up 10.8% on a year-over-year basis. equities analysts predict that Aegion will post 1.09 EPS for the current year.

In other news, CFO David A. Martin sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $24.00, for a total transaction of $240,000.00. Following the transaction, the chief financial officer now directly owns 101,430 shares of the company’s stock, valued at $2,434,320. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP David F. Morris sold 9,239 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The stock was 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 and other institutional investors have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio boosted its stake in shares of Aegion by 10.1% during 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. Security National Bank of Sioux City Iowa IA boosted its stake in shares of Aegion by 1.3% during the second 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 purchasing an additional 795 shares in the last quarter. Advisor Group Inc. boosted its stake in shares of Aegion by 7.7% during the second quarter. Advisor Group Inc. now owns 14,000 shares of the construction company’s stock valued at $306,000 after purchasing an additional 1,000 shares in the last quarter. Security National Bank of SO Dak boosted its stake in shares of Aegion by 2.3% during the second quarter. Security National Bank of SO Dak now owns 48,882 shares of the construction company’s stock valued at $1,069,000 after purchasing an additional 1,090 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its stake in shares of Aegion by 0.4% during the second quarter. Schwab Charles Investment Management Inc. now owns 278,178 shares of the construction company’s stock valued at $6,087,000 after purchasing an additional 1,182 shares in the last quarter. Hedge funds and other institutional investors own 92.99% of the company’s stock.

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About Aegion

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)

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