Aegion (NASDAQ:AEGN) was downgraded by investment analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued on Saturday.
A number of other brokerages also recently commented on AEGN. ValuEngine downgraded shares of Aegion from a “buy” rating to a “hold” rating in a research note on Wednesday, September 19th. Zacks Investment Research reaffirmed a “sell” rating on shares of Aegion in a research note on Monday, November 12th. Finally, Canaccord Genuity downgraded shares of Aegion from a “buy” rating to a “hold” rating in a research note on Thursday, November 1st. Three research analysts have rated the stock with a sell rating and four have issued a hold rating to the company. Aegion currently has an average rating of “Hold” and an average target price of $28.33.
Shares of AEGN stock opened at $17.23 on Friday. 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 12 month low of $17.06 and a 12 month high of $27.46. The stock has a market cap of $568.40 million, a price-to-earnings ratio of 16.73, a PEG ratio of 1.47 and a beta of 1.99.
Aegion (NASDAQ:AEGN) last issued its earnings results on Tuesday, October 30th. The construction company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.02). Aegion had a positive return on equity of 7.42% and a negative net margin of 0.55%. The firm had revenue of $339.68 million for the quarter, compared to analysts’ expectations of $344.25 million. On average, research analysts anticipate that Aegion will post 1.2 EPS for the current fiscal year.
In related news, CFO David F. Morris purchased 10,000 shares of Aegion stock in a transaction dated Friday, November 16th. The shares were acquired at an average cost of $18.50 per share, with a total value of $185,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 3.37% of the stock is currently owned by insiders.
Institutional investors have recently added to or reduced their stakes in the company. Bank of Montreal Can purchased a new stake in shares of Aegion in the 2nd quarter valued at approximately $123,000. Royal Bank of Canada raised its stake in shares of Aegion by 123.1% in the 1st quarter. Royal Bank of Canada now owns 7,139 shares of the construction company’s stock valued at $164,000 after acquiring an additional 3,939 shares during the period. Crossmark Global Holdings Inc. purchased a new stake in shares of Aegion in the 3rd quarter valued at approximately $201,000. BlueMountain Capital Management LLC raised its stake in shares of Aegion by 293.5% in the 2nd quarter. BlueMountain Capital Management LLC now owns 9,748 shares of the construction company’s stock valued at $251,000 after acquiring an additional 7,271 shares during the period. Finally, Engineers Gate Manager LP purchased a new stake in shares of Aegion in the 2nd quarter valued at approximately $282,000. 93.91% of the stock is currently owned by institutional investors and hedge funds.
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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