Aegion Corp (AEGN) Receives Consensus Recommendation of “Hold” from Brokerages
Aegion Corp (NASDAQ:AEGN) has been given a consensus rating of “Hold” by the six analysts that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $23.00.
Several brokerages have commented on AEGN. Zacks Investment Research downgraded Aegion from a “hold” rating to a “sell” rating in a report on Friday, February 1st. ValuEngine raised Aegion from a “sell” rating to a “hold” rating in a report on Monday, April 29th. BidaskClub raised Aegion from a “sell” rating to a “hold” rating in a report on Tuesday, February 12th. Finally, Maxim Group reaffirmed a “hold” rating and set a $17.00 target price on shares of Aegion in a report on Tuesday, April 16th.
In related news, SVP Stephen P. Callahan sold 3,419 shares of the business’s stock in a transaction dated Wednesday, February 20th. The stock was sold at an average price of $21.00, for a total value of $71,799.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 3.90% of the stock is owned by insiders.
Aegion stock traded up $0.07 during mid-day trading on Friday, reaching $15.71. 4,792 shares of the company were exchanged, compared to its average volume of 197,847. Aegion has a 12 month low of $15.12 and a 12 month high of $26.80. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.09 and a quick ratio of 1.83. The firm has a market cap of $489.88 million, a PE ratio of 13.20, a price-to-earnings-growth ratio of 1.33 and a beta of 1.87.
Aegion (NASDAQ:AEGN) last issued its quarterly earnings results on Wednesday, May 1st. The construction company reported $0.06 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.04). Aegion had a net margin of 0.08% and a return on equity of 7.76%. The business had revenue of $276.90 million during the quarter, compared to the consensus estimate of $303.85 million. During the same quarter in the previous year, the business posted $0.13 EPS. The company’s revenue for the quarter was down 14.8% on a year-over-year basis. Sell-side analysts expect that Aegion will post 1.18 earnings per share for the current fiscal year.
Aegion Corporation provides technologies to maintain, rehabilitate, and strengthen infrastructure in the United States, Canada, Europe, and internationally. It operates through three segments: Infrastructure Solutions, Corrosion Protection, and Energy Services. The company offers various solutions for rehabilitating and maintaining aging or deteriorating infrastructure; protecting new infrastructure from corrosion; and providing integrated professional services in engineering, procurement, construction, maintenance, and turnaround services for oil and natural gas companies.
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