Aegion (AEGN) Stock Rating Reaffirmed by Stifel Nicolaus
Aegion (NASDAQ:AEGN)‘s stock had its “hold” rating restated by investment analysts at Stifel Nicolaus in a research report issued to clients and investors on Thursday. They currently have a $26.00 price objective on the construction company’s stock. Stifel Nicolaus’ price target indicates a potential upside of 1.72% from the stock’s previous close.
Several other equities research analysts also recently issued reports on the company. Craig Hallum downgraded Aegion from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Zacks Investment Research upgraded Aegion from a “sell” rating to a “hold” rating in a research report on Wednesday, November 8th. Hilliard Lyons upgraded Aegion from a “neutral” rating to a “buy” rating and set a $26.00 target price on the stock in a research report on Wednesday, October 4th. Canaccord Genuity increased their target price on Aegion from $26.00 to $27.00 and gave the stock a “buy” rating in a research report on Friday, November 3rd. Finally, BidaskClub upgraded Aegion from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 16th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $26.33.
Aegion (NASDAQ AEGN) opened at $25.56 on Thursday. Aegion has a twelve month low of $19.11 and a twelve month high of $28.19. The firm has a market capitalization of $822.93, a price-to-earnings ratio of 19.77, a price-to-earnings-growth ratio of 1.86 and a beta of 1.76. The company has a current ratio of 2.36, a quick ratio of 2.09 and a debt-to-equity ratio of 0.65.
In related news, EVP David F. Morris sold 9,239 shares of the stock in a transaction on 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 filing with the SEC, which is available at the SEC website. Also, CFO David A. Martin sold 10,000 shares of the stock in a transaction on 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 sale, the chief financial officer now owns 101,430 shares in the company, valued at approximately $2,434,320. The disclosure for this sale can be found here. Corporate insiders own 3.62% of the company’s stock.
Hedge funds have recently modified their holdings of the stock. Public Employees Retirement System of Ohio raised its position in shares of Aegion by 10.1% in the second 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 in the last quarter. Victory Capital Management Inc. purchased a new stake in shares of Aegion in the third quarter worth $131,000. SG Americas Securities LLC purchased a new stake in shares of Aegion in the third quarter worth $133,000. Eqis Capital Management Inc. purchased a new stake in shares of Aegion in the third quarter worth $210,000. Finally, Crossmark Global Holdings Inc. purchased a new stake in shares of Aegion in the third quarter worth $240,000. Institutional investors own 92.99% of the company’s stock.
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.
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