Aegion Corp (AEGN) Receives Consensus Recommendation of “Hold” from Brokerages

Aegion Corp (NASDAQ:AEGN) has been given a consensus rating of “Hold” by the nine brokerages that are covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $26.50.

A number of research firms have recently weighed in on AEGN. Zacks Investment Research upgraded shares of Aegion from a “sell” rating to a “hold” rating in a report on Wednesday, November 8th. Stifel Nicolaus restated a “hold” rating and issued a $26.00 price target on shares of Aegion in a report on Thursday, December 14th. BidaskClub cut shares of Aegion from a “strong-buy” rating to a “buy” rating in a report on Thursday, December 14th. TheStreet cut shares of Aegion from a “b-” rating to a “c” rating in a report on Thursday, November 2nd. Finally, Hilliard Lyons cut shares of Aegion from a “buy” rating to a “neutral” rating in a report on Thursday, December 21st.

Shares of Aegion (NASDAQ AEGN) opened at $23.57 on Tuesday. Aegion has a 1-year low of $19.11 and a 1-year high of $28.19. The firm has a market cap of $777.07, a PE ratio of -19.48, a PEG ratio of 1.39 and a beta of 1.69. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.36 and a quick ratio of 2.09.

In related news, EVP David F. Morris sold 9,239 shares of Aegion stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $28.05, for a total value of $259,153.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.62% of the stock is owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio boosted its stake in Aegion by 10.1% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 4,643 shares of the construction company’s stock worth $102,000 after purchasing an additional 426 shares in the last quarter. Victory Capital Management Inc. acquired a new stake in Aegion in the 3rd quarter worth approximately $131,000. SG Americas Securities LLC acquired a new stake in Aegion in the 3rd quarter worth approximately $133,000. UBS Asset Management Americas Inc. acquired a new stake in Aegion in the 4th quarter worth approximately $209,000. Finally, Eqis Capital Management Inc. acquired a new stake in Aegion in the 3rd quarter worth approximately $210,000. Institutional investors own 92.75% of the company’s stock.

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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.

Analyst Recommendations for Aegion (NASDAQ:AEGN)

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