BidaskClub downgraded shares of Aegion Corp (NASDAQ:AEGN) from a buy rating to a hold rating in a report released on Thursday morning.

Other research analysts also recently issued research reports about the company. Zacks Investment Research downgraded Aegion Corp from a hold rating to a sell rating in a research note on Tuesday, July 4th. Canaccord Genuity reaffirmed a buy rating and set a $30.00 price target on shares of Aegion Corp in a research note on Monday, May 15th. Stifel Nicolaus reaffirmed a hold rating and set a $23.50 price target on shares of Aegion Corp in a research note on Friday, July 7th. TheStreet downgraded Aegion Corp from a b rating to a c rating in a research note on Monday, June 5th. Finally, Craig Hallum raised Aegion Corp from a hold rating to a buy rating in a research note on Tuesday, May 23rd. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Aegion Corp presently has a consensus rating of Hold and a consensus price target of $24.50.

Aegion Corp (NASDAQ:AEGN) opened at 23.89 on Thursday. Aegion Corp has a 1-year low of $17.18 and a 1-year high of $26.68. The company’s 50-day moving average is $22.18 and its 200 day moving average is $22.13. The stock has a market capitalization of $763.86 million, a PE ratio of 21.24 and a beta of 1.65.

Aegion Corp (NASDAQ:AEGN) last issued its earnings results on Tuesday, May 2nd. The construction company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.19 by $0.01. The company had revenue of $325.18 million for the quarter, compared to analysts’ expectations of $319.43 million. Aegion Corp had a return on equity of 7.07% and a net margin of 3.12%. Equities analysts predict that Aegion Corp will post $1.30 earnings per share for the current year.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in AEGN. Ngam Advisors L.P. increased 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 period. Louisiana State Employees Retirement System increased its position 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 valued at $316,000 after buying an additional 100 shares during the last quarter. Arizona State Retirement System increased its position 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 valued at $403,000 after buying an additional 100 shares during the last quarter. NGAM Advisors L.P. increased its position 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 valued at $253,000 after buying an additional 140 shares during the last quarter. Finally, Wells Fargo & Company MN increased its position 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 valued at $592,000 after buying an additional 150 shares during the last quarter. 87.89% of the stock is owned by institutional investors and hedge funds.

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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