Aegion (AEGN) Stock Rating Upgraded by BidaskClub

BidaskClub upgraded shares of Aegion (NASDAQ:AEGN) from a hold rating to a buy rating in a research report report published on Saturday morning, BidAskClub reports.

AEGN has been the topic of several other research reports. Zacks Investment Research raised Aegion from a strong sell rating to a hold rating in a research note on Wednesday, January 2nd. ValuEngine cut Aegion from a hold rating to a sell rating in a research note on Thursday, February 28th. Finally, Maxim Group began coverage on Aegion in a research note on Monday, January 7th. They set a hold rating and a $18.00 target price on the stock. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. Aegion currently has an average rating of Hold and an average target price of $25.50.

NASDAQ:AEGN opened at $19.42 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.94 and a current ratio of 2.19. Aegion has a fifty-two week low of $15.12 and a fifty-two week high of $26.80. The stock has a market cap of $608.33 million, a price-to-earnings ratio of 16.32, a price-to-earnings-growth ratio of 1.58 and a beta of 1.83.

Aegion (NASDAQ:AEGN) last released its earnings results on Wednesday, February 27th. The construction company reported $0.27 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.27. Aegion had a return on equity of 8.05% and a net margin of 0.22%. The company had revenue of $334.00 million for the quarter, compared to analysts’ expectations of $311.00 million. As a group, equities analysts forecast that Aegion will post 1.23 earnings per share for the current fiscal year.

In other news, SVP Stephen P. Callahan sold 3,419 shares of Aegion stock in a transaction dated Wednesday, February 20th. The stock was sold at an average price of $21.00, for a total transaction of $71,799.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.90% of the stock is owned by insiders.

Several institutional investors have recently made changes to their positions in the company. BlackRock Inc. lifted its holdings in shares of Aegion by 8.5% during the 4th quarter. BlackRock Inc. now owns 5,028,912 shares of the construction company’s stock valued at $82,074,000 after buying an additional 395,682 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Aegion by 2.5% during the 3rd quarter. Vanguard Group Inc. now owns 3,109,497 shares of the construction company’s stock valued at $78,919,000 after buying an additional 75,215 shares during the last quarter. Vanguard Group Inc lifted its holdings in shares of Aegion by 2.5% during the 3rd quarter. Vanguard Group Inc now owns 3,109,497 shares of the construction company’s stock valued at $78,919,000 after buying an additional 75,215 shares during the last quarter. Boston Partners lifted its holdings in shares of Aegion by 7.9% during the 4th quarter. Boston Partners now owns 1,190,432 shares of the construction company’s stock valued at $19,428,000 after buying an additional 87,555 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Aegion during the 4th quarter valued at about $9,459,000. Institutional investors and hedge funds own 97.37% of the company’s stock.

Aegion Company Profile

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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