Aegion Corp (NASDAQ:AEGN) Earns “Hold” Rating from Stifel Nicolaus

Aegion Corp (NASDAQ:AEGN)‘s stock had its “hold” rating reissued by equities researchers at Stifel Nicolaus in a report issued on Monday, August 7th. They currently have a $23.50 price objective on the construction company’s stock. Stifel Nicolaus’ price target suggests a potential upside of 15.76% from the stock’s current price.

A number of other equities analysts have also commented on AEGN. Canaccord Genuity reissued a “buy” rating and issued a $30.00 price target on shares of Aegion Corp in a report on Friday, April 21st. Hilliard Lyons lowered shares of Aegion Corp from a “buy” rating to a “neutral” rating in a report on Monday, May 1st. Zacks Investment Research raised shares of Aegion Corp from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 10th. Craig Hallum raised shares of Aegion Corp from a “hold” rating to a “buy” rating in a research note on Tuesday, May 23rd. Finally, TheStreet cut shares of Aegion Corp from a “b” rating to a “c” rating in a research note on Monday, June 5th. Six equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $23.17.

Shares of Aegion Corp (NASDAQ:AEGN) traded up 0.20% during midday trading on Monday, reaching $20.30. 176,969 shares of the company traded hands. The company has a 50-day moving average of $22.15 and a 200 day moving average of $21.92. Aegion Corp has a 12-month low of $17.18 and a 12-month high of $26.68. The firm has a market capitalization of $640.42 million, a PE ratio of 14.98 and a beta of 1.67.

Aegion Corp (NASDAQ:AEGN) last issued its quarterly earnings results on Tuesday, August 1st. The construction company reported $0.33 EPS for the quarter, missing the Zacks’ consensus estimate of $0.41 by $0.08. The company had revenue of $354.47 million during the quarter, compared to the consensus estimate of $351.51 million. Aegion Corp had a return on equity of 7.52% and a net margin of 3.57%. Aegion Corp’s quarterly revenue was up 18.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.23 EPS. On average, equities analysts forecast that Aegion Corp will post $1.18 earnings per share for the current year.

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Several hedge funds and other institutional investors have recently modified their holdings of AEGN. BlackRock Inc. raised its position in shares of Aegion Corp by 12,966.0% in the first quarter. BlackRock Inc. now owns 4,365,349 shares of the construction company’s stock valued at $100,010,000 after buying an additional 4,331,939 shares during the last quarter. Vanguard Group Inc. raised its stake in Aegion Corp by 4.4% in the first quarter. Vanguard Group Inc. now owns 3,050,397 shares of the construction company’s stock worth $69,885,000 after buying an additional 128,485 shares in the last quarter. Boston Partners raised its stake in Aegion Corp by 3.2% in the second quarter. Boston Partners now owns 1,029,880 shares of the construction company’s stock worth $22,534,000 after buying an additional 32,205 shares in the last quarter. State Street Corp raised its stake in Aegion Corp by 0.9% in the second quarter. State Street Corp now owns 920,962 shares of the construction company’s stock worth $20,152,000 after buying an additional 8,122 shares in the last quarter. Finally, Royce & Associates LP raised its stake in Aegion Corp by 2.3% in the second quarter. Royce & Associates LP now owns 877,893 shares of the construction company’s stock worth $19,208,000 after buying an additional 19,447 shares in the last quarter. Institutional investors own 90.87% of the company’s stock.

About Aegion Corp

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 Corp (NASDAQ:AEGN)

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