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.
COPYRIGHT VIOLATION NOTICE: This news story was posted by BNB Daily and is owned by of BNB Daily. If you are reading this news story on another domain, it was illegally copied and reposted in violation of US & international trademark and copyright law. The legal version of this news story can be accessed at https://www.baseball-news-blog.com/2017/08/19/aegion-corps-nasdaqaegn-hold-rating-reaffirmed-at-stifel-nicolaus-updated.html.
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.
Receive News & Ratings for Aegion Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aegion Corp and related companies with MarketBeat.com's FREE daily email newsletter.