Aegion Corp (AEGN) Receives Consensus Rating of “Hold” from Brokerages

Aegion Corp (NASDAQ:AEGN) has earned an average recommendation of “Hold” from the seven research firms that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation and six have issued a hold recommendation on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $23.50.

Several equities analysts have weighed in on the company. Zacks Investment Research upgraded Aegion from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. BidaskClub upgraded Aegion from a “strong sell” rating to a “sell” rating in a research note on Friday, December 21st. ValuEngine lowered Aegion from a “hold” rating to a “sell” rating in a research report on Thursday, November 1st. Canaccord Genuity lowered Aegion from a “buy” rating to a “hold” rating in a research report on Thursday, November 1st. Finally, Maxim Group assumed coverage on Aegion in a research report on Monday, January 7th. They set a “hold” rating and a $18.00 target price for the company.

In other Aegion news, CFO David F. Morris bought 10,000 shares of the firm’s stock in a transaction dated Friday, November 16th. The stock was purchased at an average cost of $18.50 per share, with a total value of $185,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 3.37% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Crossmark Global Holdings Inc. purchased a new stake in shares of Aegion during the 3rd quarter valued at $201,000. BlueMountain Capital Management LLC increased its holdings in Aegion by 293.5% in the 2nd quarter. BlueMountain Capital Management LLC now owns 9,748 shares of the construction company’s stock worth $251,000 after acquiring an additional 7,271 shares during the last quarter. Xact Kapitalforvaltning AB increased 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 acquiring an additional 2,500 shares during the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp purchased a new stake in Aegion in the 2nd quarter worth about $312,000. Finally, Janney Montgomery Scott LLC purchased a new stake in Aegion in the 3rd quarter worth about $324,000. 93.86% of the stock is owned by hedge funds and other institutional investors.

NASDAQ:AEGN traded down $0.04 during trading hours on Friday, hitting $18.22. 119,796 shares of the company traded hands, compared to its average volume of 143,574. The company has a current ratio of 2.17, a quick ratio of 1.89 and a debt-to-equity ratio of 0.57. Aegion has a one year low of $15.12 and a one year high of $26.80. The stock has a market cap of $585.85 million, a PE ratio of 17.69, a price-to-earnings-growth ratio of 1.33 and a beta of 1.92.

Aegion (NASDAQ:AEGN) last issued its quarterly earnings data on Tuesday, October 30th. The construction company reported $0.45 earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $339.68 million for the quarter, compared to the consensus estimate of $344.25 million. On average, sell-side analysts forecast that Aegion will post 1.2 earnings per share for the current fiscal year.

About Aegion

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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