Aegion Corp (AEGN) Stock Rating Lowered by Craig Hallum
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.
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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.
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