Aegion (AEGN) Lifted to Hold at BidaskClub

Aegion (NASDAQ:AEGN) was upgraded by investment analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued to investors on Wednesday.

Several other brokerages have also recently weighed in on AEGN. ValuEngine cut shares of Aegion from a “buy” rating to a “hold” rating in a research report on Friday, July 20th. Zacks Investment Research cut shares of Aegion from a “buy” rating to a “hold” rating in a research report on Tuesday, July 24th. Stifel Nicolaus boosted their price target on shares of Aegion from $28.00 to $29.00 and gave the company a “hold” rating in a research report on Monday, August 6th. Finally, Canaccord Genuity reissued a “buy” rating and set a $27.00 price target on shares of Aegion in a research report on Thursday, August 2nd. One research analyst has rated the stock with a sell rating and six have given a hold rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $28.33.

Shares of AEGN stock opened at $20.79 on Wednesday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.89 and a current ratio of 2.17. The stock has a market cap of $633.94 million, a PE ratio of 20.18, a PEG ratio of 1.68 and a beta of 2.01. Aegion has a twelve month low of $18.26 and a twelve month high of $28.19.

Aegion (NASDAQ:AEGN) last announced its quarterly earnings results 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). The firm had revenue of $339.68 million for 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%. As a group, analysts forecast that Aegion will post 1.16 earnings per share for the current year.

Hedge funds have recently made changes to their positions in the company. Pinebridge Investments L.P. lifted its position in Aegion by 3.2% in the second quarter. Pinebridge Investments L.P. now owns 73,467 shares of the construction company’s stock valued at $1,891,000 after buying an additional 2,245 shares during the last quarter. Xact Kapitalforvaltning AB lifted its position in Aegion by 26.5% in the third quarter. Xact Kapitalforvaltning AB now owns 11,930 shares of the construction company’s stock valued at $303,000 after buying an additional 2,500 shares during the last quarter. Legal & General Group Plc lifted its position in Aegion by 4.5% in the second quarter. Legal & General Group Plc now owns 72,132 shares of the construction company’s stock valued at $1,845,000 after buying an additional 3,117 shares during the last quarter. First Trust Advisors LP lifted its position in Aegion by 0.9% in the third quarter. First Trust Advisors LP now owns 370,033 shares of the construction company’s stock valued at $9,391,000 after buying an additional 3,419 shares during the last quarter. Finally, Bank of America Corp DE lifted its position in Aegion by 1.8% in the second quarter. Bank of America Corp DE now owns 214,005 shares of the construction company’s stock valued at $5,511,000 after buying an additional 3,848 shares during the last quarter. 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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