Aegion (NASDAQ:AEGN) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.
AEGN has been the subject of several other research reports. ValuEngine lowered shares of Aegion from a “buy” rating to a “hold” rating in a report on Friday, July 20th. Stifel Nicolaus boosted their price target on shares of Aegion from $28.00 to $29.00 and gave the stock a “hold” rating in a report on Monday, August 6th. Canaccord Genuity reissued a “buy” rating and issued a $27.00 price target on shares of Aegion in a report on Thursday, August 2nd. Finally, Zacks Investment Research lowered shares of Aegion from a “buy” rating to a “hold” rating in a report on Tuesday, July 24th. One research analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. Aegion has a consensus rating of “Hold” and an average target price of $28.33.
NASDAQ:AEGN opened at $20.79 on Wednesday. The company has a quick ratio of 1.89, a current ratio of 2.17 and a debt-to-equity ratio of 0.57. The company has a market cap of $633.94 million, a PE ratio of 20.18, a PEG ratio of 1.68 and a beta of 2.01. Aegion has a 1-year low of $18.26 and a 1-year high of $28.19.
Aegion (NASDAQ:AEGN) last issued its quarterly earnings results on Tuesday, October 30th. The construction company reported $0.45 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.02). The company had revenue of $339.68 million during the quarter, compared to analysts’ expectations of $344.25 million. Aegion had a positive return on equity of 7.42% and a negative net margin of 0.55%. Analysts expect that Aegion will post 1.16 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. increased its holdings in Aegion by 2.0% in the 2nd quarter. BlackRock Inc. now owns 4,471,366 shares of the construction company’s stock worth $115,136,000 after acquiring an additional 89,427 shares in the last quarter. Northern Trust Corp increased its holdings in Aegion by 0.5% in the 2nd quarter. Northern Trust Corp now owns 968,673 shares of the construction company’s stock worth $24,943,000 after acquiring an additional 4,539 shares in the last quarter. Royce & Associates LP increased its holdings in Aegion by 5.7% in the 2nd quarter. Royce & Associates LP now owns 729,894 shares of the construction company’s stock worth $18,795,000 after acquiring an additional 39,348 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of Aegion by 22.2% during the second quarter. Renaissance Technologies LLC now owns 495,000 shares of the construction company’s stock worth $12,746,000 after buying an additional 89,800 shares in the last quarter. Finally, Foundry Partners LLC grew its holdings in shares of Aegion by 8.3% during the third quarter. Foundry Partners LLC now owns 457,189 shares of the construction company’s stock worth $11,603,000 after buying an additional 34,994 shares in the last quarter. 92.24% of the stock is owned by institutional investors.
Aegion Company Profile
Aegion Corporation provides technologies to maintain, rehabilitate, and strengthen infrastructure worldwide. It operates through three segments: Infrastructure Solutions, Corrosion Protection, and Energy Services. The company offers various solutions for rehabilitating and maintaining aging or deteriorating infrastructure; protecting new infrastructure from corrosion; and providing integrated professional services in engineering, procurement, construction, maintenance, and turnaround services for oil companies.
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