Canaccord Genuity cut shares of Aegion (NASDAQ:AEGN) from a buy rating to a hold rating in a research report report published on Thursday, Marketbeat.com reports.
A number of other research analysts have also weighed in on the company. ValuEngine lowered Aegion from a hold rating to a sell rating in a report on Thursday. BidaskClub raised Aegion from a strong sell rating to a sell rating in a report on Saturday, September 22nd. Stifel Nicolaus increased their price objective on Aegion from $28.00 to $29.00 and gave the company a hold rating in a report on Monday, August 6th. Finally, Zacks Investment Research lowered Aegion from a buy rating to a hold rating in a report on Tuesday, July 24th. Two investment analysts have rated the stock with a sell rating and five have given a hold rating to the stock. The company presently has a consensus rating of Hold and an average target price of $28.33.
Shares of NASDAQ:AEGN opened at $19.45 on Thursday. The company has a current ratio of 2.17, a quick ratio of 1.89 and a debt-to-equity ratio of 0.57. The stock has a market cap of $633.94 million, a P/E ratio of 18.88, a price-to-earnings-growth ratio of 1.68 and a beta of 2.01. Aegion has a 1 year low of $18.26 and a 1 year high of $28.19.
Aegion (NASDAQ:AEGN) last announced its quarterly earnings data on Tuesday, October 30th. The construction company reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.02). The firm had revenue of $339.68 million during the quarter, compared to analyst estimates of $344.25 million. Aegion had a negative net margin of 0.55% and a positive return on equity of 7.42%. Research analysts expect that Aegion will post 1.16 EPS for the current fiscal year.
A number of institutional investors have recently bought and sold shares of AEGN. Russell Investments Group Ltd. acquired a new stake in Aegion during the first quarter worth about $1,670,000. Royal Bank of Canada grew its holdings in Aegion by 123.1% during the first quarter. Royal Bank of Canada now owns 7,139 shares of the construction company’s stock worth $164,000 after acquiring an additional 3,939 shares during the period. Xact Kapitalforvaltning AB acquired a new stake in Aegion during the first quarter worth about $207,000. Bank of Montreal Can acquired a new stake in Aegion during the second quarter worth about $123,000. Finally, Foundry Partners LLC grew its holdings in Aegion by 5.0% during the second quarter. Foundry Partners LLC now owns 422,195 shares of the construction company’s stock worth $10,872,000 after acquiring an additional 20,076 shares during the period. 92.24% of the stock is currently owned by hedge funds and other institutional investors.
Aegion Company Profile
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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