BidaskClub downgraded shares of Aegion (NASDAQ:AEGN) from a buy rating to a hold rating in a research note released on Friday.

A number of other brokerages have also recently issued reports on AEGN. Zacks Investment Research upgraded shares of Aegion from a sell rating to a hold rating in a research note on Wednesday, November 8th. Stifel Nicolaus reiterated a hold rating and issued a $26.00 price target on shares of Aegion in a research note on Thursday, December 14th. TheStreet cut shares of Aegion from a b- rating to a c rating in a research note on Thursday, November 2nd. Hilliard Lyons cut shares of Aegion from a buy rating to a neutral rating in a research note on Thursday, December 21st. Finally, Canaccord Genuity upped their price target on shares of Aegion from $26.00 to $27.00 and gave the stock a buy rating in a research note on Friday, November 3rd. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Aegion currently has a consensus rating of Hold and an average target price of $26.75.

Aegion (AEGN) opened at $25.48 on Friday. The stock has a market cap of $828.78, a PE ratio of -21.06, a P/E/G ratio of 1.48 and a beta of 1.77. Aegion has a one year low of $19.11 and a one year high of $28.19. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.36 and a quick ratio of 2.09.

Aegion (NASDAQ:AEGN) last announced its quarterly earnings results on Wednesday, November 1st. The construction company reported $0.32 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.06. The company had revenue of $341.87 million for the quarter, compared to analysts’ expectations of $328.98 million. Aegion had a negative net margin of 3.03% and a positive return on equity of 7.62%. Aegion’s revenue was up 10.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.32 EPS. analysts expect that Aegion will post 1.09 earnings per share for the current year.

In other Aegion news, EVP David F. Morris sold 9,239 shares of the business’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $28.05, for a total value of $259,153.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO David A. Martin sold 10,000 shares of the business’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $24.00, for a total value of $240,000.00. Following the completion of the transaction, the chief financial officer now directly owns 101,430 shares of the company’s stock, valued at approximately $2,434,320. The disclosure for this sale can be found here. 3.62% of the stock is currently owned by insiders.

Large investors have recently modified their holdings of the business. Public Employees Retirement System of Ohio raised its position 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 buying an additional 426 shares during the last quarter. Victory Capital Management Inc. purchased a new position in Aegion in the 3rd quarter worth about $131,000. SG Americas Securities LLC purchased a new position in Aegion in the 3rd quarter worth about $133,000. Eqis Capital Management Inc. purchased a new position in Aegion in the 3rd quarter worth about $210,000. Finally, Crossmark Global Holdings Inc. purchased a new position in Aegion in the 3rd quarter worth about $240,000. 92.96% of the stock is owned by institutional investors and hedge funds.

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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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