Aegion Corp (AEGN) Stock Rating Reaffirmed by Canaccord Genuity
Aegion Corp (NASDAQ:AEGN)‘s stock had its “buy” rating reiterated by stock analysts at Canaccord Genuity in a note issued to investors on Thursday. They presently have a $26.00 price objective on the construction company’s stock. Canaccord Genuity’s price target points to a potential upside of 28.08% from the company’s current price.
Several other brokerages have also issued reports on AEGN. BidaskClub upgraded shares of Aegion Corp from a “sell” rating to a “hold” rating in a research note on Saturday, July 8th. Hilliard Lyons downgraded shares of Aegion Corp from a “buy” rating to a “neutral” rating in a report on Monday, May 1st. TheStreet downgraded shares of Aegion Corp from a “b” rating to a “c” rating in a report on Monday, June 5th. Zacks Investment Research raised shares of Aegion Corp from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 10th. Finally, Craig Hallum upgraded shares of Aegion Corp from a “hold” rating to a “buy” rating in a research report on Tuesday, May 23rd. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $23.17.
Shares of Aegion Corp (NASDAQ AEGN) traded down 0.20% during mid-day trading on Thursday, reaching $20.26. The company had a trading volume of 201,917 shares. The firm has a market capitalization of $639.16 million, a price-to-earnings ratio of 14.95 and a beta of 1.67. Aegion Corp has a one year low of $17.18 and a one year high of $26.68. The stock has a 50 day moving average of $22.24 and a 200-day moving average of $22.05.
Aegion Corp (NASDAQ:AEGN) last posted its quarterly earnings data on Tuesday, August 1st. The construction company reported $0.33 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by $0.08. The firm had revenue of $354.47 million during the quarter, compared to analysts’ expectations of $351.51 million. Aegion Corp had a net margin of 3.57% and a return on equity of 7.52%. The company’s quarterly revenue was up 18.9% on a year-over-year basis. During the same quarter last year, the business posted $0.23 EPS. Equities analysts predict that Aegion Corp will post $1.19 EPS for the current year.
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Several hedge funds and other institutional investors have recently modified their holdings of the company. Ngam Advisors L.P. boosted its position in Aegion Corp by 0.6% in the first quarter. Ngam Advisors L.P. now owns 11,429 shares of the construction company’s stock valued at $262,000 after buying an additional 64 shares during the last quarter. Louisiana State Employees Retirement System boosted its stake in shares of Aegion Corp by 0.7% in the first quarter. Louisiana State Employees Retirement System now owns 13,800 shares of the construction company’s stock worth $316,000 after buying an additional 100 shares in the last quarter. Arizona State Retirement System boosted its stake in shares of Aegion Corp by 0.6% in the first quarter. Arizona State Retirement System now owns 17,573 shares of the construction company’s stock worth $403,000 after buying an additional 100 shares in the last quarter. NGAM Advisors L.P. boosted its stake in shares of Aegion Corp by 1.2% in the second quarter. NGAM Advisors L.P. now owns 11,569 shares of the construction company’s stock worth $253,000 after buying an additional 140 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its stake in shares of Aegion Corp by 0.6% in the first quarter. Wells Fargo & Company MN now owns 25,867 shares of the construction company’s stock worth $592,000 after buying an additional 150 shares in the last quarter. Hedge funds and other institutional investors own 88.00% 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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