Aegion Corp (AEGN) Rating Increased to Buy at ValuEngine

Aegion Corp (NASDAQ:AEGN) was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday.

A number of other brokerages have also commented on AEGN. TheStreet raised shares of Aegion Corp from a “c+” rating to a “b” rating in a research report on Tuesday, August 1st. Zacks Investment Research lowered shares of Aegion Corp from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th. BidaskClub raised shares of Aegion Corp from a “hold” rating to a “buy” rating in a research report on Wednesday, August 2nd. Stifel Nicolaus reissued a “hold” rating and issued a $23.50 price objective on shares of Aegion Corp in a research report on Monday, August 7th. Finally, Canaccord Genuity reissued a “buy” rating and issued a $26.00 price objective on shares of Aegion Corp in a research report on Thursday, August 10th. Six research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Aegion Corp has a consensus rating of “Buy” and an average target price of $23.17.

Aegion Corp (NASDAQ AEGN) traded up 2.14% on Tuesday, hitting $21.94. 82,368 shares of the stock were exchanged. The stock has a market capitalization of $692.16 million, a P/E ratio of 16.19 and a beta of 1.66. The company has a 50 day moving average of $21.35 and a 200 day moving average of $21.68. Aegion Corp has a one year low of $17.18 and a one year high of $26.68.

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

ILLEGAL ACTIVITY WARNING: “Aegion Corp (AEGN) Rating Increased to Buy at ValuEngine” was posted by Markets Daily and is the property of of Markets Daily. If you are reading this story on another site, it was illegally stolen and republished in violation of United States and international trademark and copyright legislation. The original version of this story can be viewed at https://www.themarketsdaily.com/2017/09/13/aegion-corp-aegn-rating-increased-to-buy-at-valuengine.html.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio raised its position in Aegion Corp by 10.1% during the second quarter. Public Employees Retirement System of Ohio now owns 4,643 shares of the construction company’s stock worth $102,000 after acquiring an additional 426 shares in the last quarter. SG Americas Securities LLC bought a new stake in Aegion Corp during the first quarter worth $119,000. State of Alaska Department of Revenue raised its position in Aegion Corp by 76.6% during the second quarter. State of Alaska Department of Revenue now owns 6,624 shares of the construction company’s stock worth $144,000 after acquiring an additional 2,874 shares in the last quarter. Bank of Montreal Can raised its position in Aegion Corp by 88.4% during the first quarter. Bank of Montreal Can now owns 7,701 shares of the construction company’s stock worth $176,000 after acquiring an additional 3,614 shares in the last quarter. Finally, Mason Street Advisors LLC raised its position in Aegion Corp by 6.5% during the first quarter. Mason Street Advisors LLC now owns 7,902 shares of the construction company’s stock worth $181,000 after acquiring an additional 480 shares in the last quarter. 88.84% of the stock is currently owned by hedge funds and other institutional investors.

Aegion Corp 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 Corp (NASDAQ:AEGN)

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.

Latest News

Leave a Reply