Hilliard Lyons upgraded shares of Aegion Corp (NASDAQ:AEGN) from a neutral rating to a buy rating in a report released on Wednesday, MarketBeat.com reports. The brokerage currently has $26.00 price target on the construction company’s stock.
A number of other research firms also recently issued reports on AEGN. BidaskClub raised shares of Aegion Corp from a sell rating to a hold rating in a research note on Saturday, July 8th. ValuEngine raised shares of Aegion Corp from a hold rating to a buy rating in a research note on Tuesday, September 12th. Canaccord Genuity reissued a buy rating and issued a $26.00 price target on shares of Aegion Corp in a research note on Thursday, August 10th. TheStreet raised shares of Aegion Corp from a c+ rating to a b rating in a research note on Tuesday, August 1st. Finally, Zacks Investment Research raised shares of Aegion Corp from a strong sell rating to a hold rating in a research note on Tuesday, July 11th. Six research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Aegion Corp presently has an average rating of Buy and a consensus target price of $25.17.
Shares of Aegion Corp (NASDAQ:AEGN) opened at 22.45 on Wednesday. Aegion Corp has a 52-week low of $17.85 and a 52-week high of $26.68. The company has a 50-day moving average of $21.88 and a 200-day moving average of $21.63. The stock has a market capitalization of $708.25 million, a price-to-earnings ratio of 16.57 and a beta of 1.69.
Aegion Corp (NASDAQ:AEGN) last released its quarterly earnings results on Tuesday, August 1st. The construction company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.08). The company had revenue of $354.47 million during the quarter, compared to analysts’ expectations of $351.51 million. Aegion Corp had a net margin of 3.57% and a return on equity of 7.52%. Aegion Corp’s revenue was up 18.9% on a year-over-year basis. During the same period last year, the firm posted $0.23 earnings per share. Equities research analysts anticipate that Aegion Corp will post $1.06 EPS for the current year.
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A number of institutional investors and hedge funds have recently made changes to their positions in AEGN. Public Employees Retirement System of Ohio increased its stake in Aegion Corp by 10.1% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 4,643 shares of the construction company’s stock worth $102,000 after buying an additional 426 shares during the period. SG Americas Securities LLC purchased a new stake in Aegion Corp during the 1st quarter worth approximately $119,000. State of Alaska Department of Revenue increased its stake in Aegion Corp by 76.6% during the 2nd quarter. State of Alaska Department of Revenue now owns 6,624 shares of the construction company’s stock worth $144,000 after buying an additional 2,874 shares during the period. Mason Street Advisors LLC increased its stake in Aegion Corp by 6.5% during the 1st quarter. Mason Street Advisors LLC now owns 7,902 shares of the construction company’s stock worth $181,000 after buying an additional 480 shares during the period. Finally, RBF Capital LLC purchased a new stake in Aegion Corp during the 1st quarter worth approximately $209,000. 88.84% of the stock is currently owned by hedge funds and other institutional investors.
About Aegion Corp
Aegion Corporation (Aegion) is engaged in providing infrastructure protection and maintenance. The Company operates through three segments: Infrastructure Solutions, Corrosion Protection and Energy Services. The Company offers service solutions, including rehabilitation of water and wastewater pipelines with Insituform cured-in-place pipe (CIPP) products; fusible polyvinyl chloride products for rehabilitation; fiber reinforced polymer systems for rehabilitation and strengthening; cathodic protection for corrosion engineering control and infrastructure rehabilitation; pipe coatings for corrosion control and prevention; high density polyethylene (HDPE) pipe lining for corrosion control, abrasion protection and pipeline rehabilitation, and construction and maintenance of oil and gas facilities.
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