Aegion Corp (NASDAQ:AEGN) Given Consensus Rating of “Hold” by Brokerages

Shares of Aegion Corp (NASDAQ:AEGN) have been given a consensus rating of “Hold” by the six research firms that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and one has given a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $19.63.

Several equities research analysts recently weighed in on AEGN shares. Canaccord Genuity increased their price objective on shares of Aegion from $19.00 to $20.50 and gave the stock a “hold” rating in a research note on Monday. Stifel Nicolaus set a $24.00 price objective on shares of Aegion and gave the stock a “hold” rating in a research note on Thursday, September 12th. BidaskClub lowered shares of Aegion from a “strong-buy” rating to a “buy” rating in a research note on Friday. Finally, ValuEngine lowered shares of Aegion from a “hold” rating to a “sell” rating in a research note on Thursday, October 31st.

Institutional investors have recently bought and sold shares of the company. Meadow Creek Investment Management LLC lifted its position in Aegion by 9.3% in the 2nd quarter. Meadow Creek Investment Management LLC now owns 6,552 shares of the construction company’s stock worth $120,000 after buying an additional 560 shares in the last quarter. Bank of Montreal Can boosted its position in shares of Aegion by 67.6% during the 2nd quarter. Bank of Montreal Can now owns 7,617 shares of the construction company’s stock valued at $139,000 after acquiring an additional 3,071 shares in the last quarter. Glen Harbor Capital Management LLC lifted its holdings in Aegion by 9.3% during the 2nd quarter. Glen Harbor Capital Management LLC now owns 7,956 shares of the construction company’s stock valued at $146,000 after purchasing an additional 680 shares during the last quarter. Strs Ohio lifted its holdings in Aegion by 7.0% during the 2nd quarter. Strs Ohio now owns 9,200 shares of the construction company’s stock valued at $169,000 after purchasing an additional 600 shares during the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its holdings in Aegion by 31.3% during the 2nd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 9,244 shares of the construction company’s stock valued at $170,000 after purchasing an additional 2,202 shares during the last quarter. Institutional investors and hedge funds own 95.68% of the company’s stock.

AEGN opened at $21.87 on Tuesday. The firm has a market cap of $668.70 million, a price-to-earnings ratio of 18.38 and a beta of 2.19. Aegion has a fifty-two week low of $14.12 and a fifty-two week high of $22.87. The company’s 50-day moving average price is $21.26 and its 200 day moving average price is $18.72. The company has a quick ratio of 1.74, a current ratio of 1.99 and a debt-to-equity ratio of 0.72.

Aegion (NASDAQ:AEGN) last released its quarterly earnings data on Wednesday, October 30th. The construction company reported $0.40 earnings per share for the quarter, hitting the consensus estimate of $0.40. The firm had revenue of $308.80 million for the quarter, compared to analyst estimates of $326.82 million. Aegion had a negative net margin of 0.71% and a positive return on equity of 7.82%. Aegion’s quarterly revenue was down 9.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.45 earnings per share. Research analysts anticipate that Aegion will post 1.23 earnings per share for the current year.

About Aegion

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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