Aegion Corp (NASDAQ:AEGN) was downgraded by analysts at Craig Hallum from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday.

A number of other brokerages also recently commented on AEGN. BidaskClub upgraded shares of Aegion Corp from a “sell” rating to a “hold” rating in a report on Saturday, July 8th. ValuEngine upgraded shares of Aegion Corp from a “hold” rating to a “buy” rating in a report on Tuesday, September 12th. Canaccord Genuity reiterated a “buy” rating and issued a $26.00 target price on shares of Aegion Corp in a report on Thursday, August 10th. TheStreet downgraded shares of Aegion Corp from a “b” rating to a “c” rating in a report on Monday, June 5th. Finally, Zacks Investment Research upgraded shares of Aegion Corp from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 11th. Six analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Aegion Corp has a consensus rating of “Buy” and a consensus price target of $23.88.

Shares of Aegion Corp (NASDAQ AEGN) opened at 22.01 on Tuesday. The company’s 50-day moving average is $21.77 and its 200 day moving average is $21.63. Aegion Corp has a 12 month low of $17.85 and a 12 month high of $26.68. The stock has a market capitalization of $694.37 million, a P/E ratio of 16.24 and a beta of 1.69.

Aegion Corp (NASDAQ:AEGN) last announced its 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 firm 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%. The business’s revenue for the quarter was up 18.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.23 earnings per share. Equities research analysts predict that Aegion Corp will post $1.08 earnings per share for the current year.

TRADEMARK VIOLATION NOTICE: This news story was originally reported by Watch List News and is owned by of Watch List News. If you are viewing this news story on another domain, it was copied illegally and republished in violation of US and international trademark & copyright laws. The legal version of this news story can be viewed at https://www.watchlistnews.com/aegion-corp-aegn-stock-rating-lowered-by-craig-hallum/1609807.html.

Several hedge funds have recently modified their holdings of the company. BlackRock Inc. grew its stake in shares of Aegion Corp by 12,966.0% during the first quarter. BlackRock Inc. now owns 4,365,349 shares of the construction company’s stock worth $100,010,000 after acquiring an additional 4,331,939 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Aegion Corp by 4.4% during the first quarter. Vanguard Group Inc. now owns 3,050,397 shares of the construction company’s stock worth $69,885,000 after acquiring an additional 128,485 shares during the last quarter. Boston Partners grew its stake in shares of Aegion Corp by 3.2% during the second quarter. Boston Partners now owns 1,029,880 shares of the construction company’s stock worth $22,534,000 after acquiring an additional 32,205 shares during the last quarter. State Street Corp grew its stake in shares of Aegion Corp by 0.9% during the second quarter. State Street Corp now owns 920,962 shares of the construction company’s stock worth $20,152,000 after acquiring an additional 8,122 shares during the last quarter. Finally, Royce & Associates LP grew its stake in shares of Aegion Corp by 2.3% during the second quarter. Royce & Associates LP now owns 877,893 shares of the construction company’s stock worth $19,208,000 after acquiring an additional 19,447 shares during the last quarter. Institutional investors and hedge funds own 88.84% 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.

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 Analyst Ratings Network's FREE daily email newsletter.