Aegion (AEGN) Raised to Hold at BidaskClub

BidaskClub upgraded shares of Aegion (NASDAQ:AEGN) from a sell rating to a hold rating in a research report released on Wednesday morning.

Several other research analysts also recently weighed in on the stock. ValuEngine raised shares of Aegion from a hold rating to a buy rating in a report on Friday, August 3rd. Stifel Nicolaus upped their target price on shares of Aegion from $28.00 to $29.00 and gave the stock a hold rating in a report on Monday, August 6th. Canaccord Genuity reaffirmed a buy rating and issued a $27.00 target price on shares of Aegion in a report on Thursday, August 2nd. Finally, Zacks Investment Research downgraded shares of Aegion from a buy rating to a hold rating in a report on Tuesday, July 24th. One equities research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. The company currently has a consensus rating of Hold and an average price target of $28.33.

Shares of AEGN stock traded down $0.59 during mid-day trading on Wednesday, reaching $19.74. 180,495 shares of the company’s stock traded hands, compared to its average volume of 199,536. Aegion has a 12 month low of $18.26 and a 12 month high of $28.19. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.17 and a quick ratio of 1.89. The company has a market cap of $668.90 million, a price-to-earnings ratio of 19.17, a PEG ratio of 1.78 and a beta of 2.01.

Aegion (NASDAQ:AEGN) last issued its quarterly earnings data on Tuesday, October 30th. The construction company reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.02). Aegion had a negative net margin of 0.55% and a positive return on equity of 7.42%. The business had revenue of $339.68 million for the quarter, compared to the consensus estimate of $344.25 million. Equities research analysts expect that Aegion will post 1.16 EPS for the current year.

A number of institutional investors have recently modified their holdings of the stock. Pinebridge Investments L.P. boosted its holdings in Aegion by 3.2% in the 2nd quarter. Pinebridge Investments L.P. now owns 73,467 shares of the construction company’s stock worth $1,891,000 after buying an additional 2,245 shares during the period. Xact Kapitalforvaltning AB boosted its holdings in Aegion by 26.5% in the 3rd quarter. Xact Kapitalforvaltning AB now owns 11,930 shares of the construction company’s stock worth $303,000 after buying an additional 2,500 shares during the period. Legal & General Group Plc boosted its holdings in Aegion by 4.5% in the 2nd quarter. Legal & General Group Plc now owns 72,132 shares of the construction company’s stock worth $1,845,000 after buying an additional 3,117 shares during the period. First Trust Advisors LP boosted its holdings in Aegion by 0.9% in the 3rd quarter. First Trust Advisors LP now owns 370,033 shares of the construction company’s stock worth $9,391,000 after buying an additional 3,419 shares during the period. Finally, Bank of America Corp DE lifted its stake in Aegion by 1.8% in the 2nd quarter. Bank of America Corp DE now owns 214,005 shares of the construction company’s stock worth $5,511,000 after purchasing an additional 3,848 shares in the last quarter. 92.24% of the stock is owned by institutional investors.

Aegion Company Profile

Aegion Corporation provides technologies to maintain, rehabilitate, and strengthen infrastructure worldwide. It operates through three segments: Infrastructure Solutions, Corrosion Protection, and Energy Services. The company offers various solutions for rehabilitating and maintaining aging or deteriorating infrastructure; protecting new infrastructure from corrosion; and providing integrated professional services in engineering, procurement, construction, maintenance, and turnaround services for oil companies.

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