Hilliard Lyons upgraded shares of Aegion Corp (NASDAQ:AEGN) from a neutral rating to a buy rating in a research report report published on Wednesday morning. They currently have $26.00 target price on the construction company’s stock.

A number of other brokerages have also weighed in on AEGN. BidaskClub upgraded Aegion Corp from a sell rating to a hold rating in a research note on Saturday, July 8th. ValuEngine upgraded Aegion Corp from a hold rating to a buy rating in a research report on Tuesday, September 12th. Canaccord Genuity reiterated a buy rating and set a $26.00 price objective on shares of Aegion Corp in a research report on Thursday, August 10th. TheStreet upgraded Aegion Corp from a c+ rating to a b rating in a research report on Tuesday, August 1st. Finally, Zacks Investment Research upgraded Aegion Corp from a strong sell rating to a hold rating in a research report on Tuesday, July 11th. Six equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus price target of $23.88.

Shares of Aegion Corp (NASDAQ AEGN) traded up 0.36% during mid-day trading on Wednesday, hitting $22.09. The stock had a trading volume of 210,607 shares. The stock has a market cap of $696.90 million, a P/E ratio of 16.30 and a beta of 1.69. Aegion Corp has a 12 month low of $17.85 and a 12 month high of $26.68. The firm has a 50 day moving average price of $21.77 and a 200-day moving average price of $21.63.

Aegion Corp (NASDAQ:AEGN) last announced its earnings results on Tuesday, August 1st. The construction company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.08). The business 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%. Aegion Corp’s revenue was up 18.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.23 earnings per share. On average, equities research analysts forecast that Aegion Corp will post $1.08 EPS for the current year.

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Several institutional investors have recently made changes to their positions in the company. Eqis Capital Management Inc. bought a new position in shares of Aegion Corp during the 3rd quarter valued at about $210,000. Public Employees Retirement System of Ohio increased its position in shares of Aegion Corp by 10.1% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 4,643 shares of the construction company’s stock valued at $102,000 after purchasing an additional 426 shares during the last quarter. Security National Bank of SO Dak increased its position in shares of Aegion Corp by 2.3% during the 2nd quarter. Security National Bank of SO Dak now owns 48,882 shares of the construction company’s stock valued at $1,069,000 after purchasing an additional 1,090 shares during the last quarter. Security National Bank of Sioux City Iowa IA increased its position in shares of Aegion Corp by 1.3% during the 2nd quarter. Security National Bank of Sioux City Iowa IA now owns 61,021 shares of the construction company’s stock valued at $1,335,000 after purchasing an additional 795 shares during the last quarter. Finally, Cubist Systematic Strategies LLC bought a new position in shares of Aegion Corp during the 2nd quarter valued at about $295,000. Hedge funds and other institutional investors own 88.84% of the company’s stock.

Aegion Corp Company Profile

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)

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