Shares of Aegion Corp (NASDAQ:AEGN) have been given a consensus rating of “Hold” by the six research firms that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $19.63.
Several research analysts recently issued reports on AEGN shares. BidaskClub downgraded Aegion from a “strong-buy” rating to a “buy” rating in a research report on Friday. ValuEngine downgraded Aegion from a “hold” rating to a “sell” rating in a research report on Thursday, October 31st. Stifel Nicolaus set a $24.00 price objective on Aegion and gave the stock a “hold” rating in a research report on Thursday, September 12th. Finally, Canaccord Genuity lifted their price objective on Aegion from $19.00 to $20.50 and gave the stock a “hold” rating in a research report on Monday.
Shares of Aegion stock opened at $21.87 on Tuesday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.99 and a quick ratio of 1.74. Aegion has a 1 year low of $14.12 and a 1 year high of $22.87. The company has a market capitalization of $668.70 million, a P/E ratio of 18.38 and a beta of 2.19. The business has a 50 day moving average price of $21.26 and a 200 day moving average price of $18.72.
Aegion (NASDAQ:AEGN) last issued its quarterly earnings data on Wednesday, October 30th. The construction company reported $0.40 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.40. Aegion had a positive return on equity of 7.82% and a negative net margin of 0.71%. The firm had revenue of $308.80 million during the quarter, compared to the consensus estimate of $326.82 million. During the same period in the previous year, the firm posted $0.45 EPS. The company’s quarterly revenue was down 9.1% compared to the same quarter last year. As a group, research analysts expect that Aegion will post 1.23 EPS for the current fiscal year.
Institutional investors and hedge funds have recently modified their holdings of the business. Charles Schwab Investment Management Inc. raised its holdings in Aegion by 4.5% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 417,079 shares of the construction company’s stock valued at $7,675,000 after acquiring an additional 18,048 shares during the last quarter. KBC Group NV increased its holdings in shares of Aegion by 32.6% during the 2nd quarter. KBC Group NV now owns 263,694 shares of the construction company’s stock worth $4,852,000 after buying an additional 64,767 shares during the last quarter. Northern Trust Corp increased its holdings in shares of Aegion by 0.7% during the 2nd quarter. Northern Trust Corp now owns 942,191 shares of the construction company’s stock worth $17,337,000 after buying an additional 6,579 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Aegion by 17.6% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 4,598,683 shares of the construction company’s stock worth $84,616,000 after buying an additional 688,340 shares during the last quarter. Finally, Strs Ohio increased its holdings in shares of Aegion by 207.6% during the 3rd quarter. Strs Ohio now owns 28,300 shares of the construction company’s stock worth $605,000 after buying an additional 19,100 shares during the last quarter. Institutional investors own 95.68% of the company’s stock.
Aegion Corporation provides technologies to maintain, rehabilitate, and strengthen infrastructure in the United States, Canada, Europe, and internationally. 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 and natural gas companies.
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