ValuEngine upgraded shares of Aegion (NASDAQ:AEGN) from a sell rating to a hold rating in a research report sent to investors on Thursday morning, ValuEngine reports.
A number of other analysts also recently commented on the stock. Zacks Investment Research raised shares of Aegion from a sell rating to a hold rating and set a $17.00 price objective on the stock in a report on Friday, June 14th. BidaskClub raised shares of Aegion from a buy rating to a strong-buy rating in a report on Wednesday, July 24th. Finally, Maxim Group reissued a hold rating and set a $17.00 price objective on shares of Aegion in a report on Tuesday, April 16th. Five analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. Aegion currently has a consensus rating of Hold and a consensus price target of $21.00.
Shares of NASDAQ:AEGN opened at $18.45 on Thursday. The stock has a market capitalization of $590.49 million, a P/E ratio of 16.38, a price-to-earnings-growth ratio of 1.60 and a beta of 2.19. The company has a 50-day moving average price of $17.84. The company has a current ratio of 2.09, a quick ratio of 1.83 and a debt-to-equity ratio of 0.75. Aegion has a fifty-two week low of $14.12 and a fifty-two week high of $25.83.
Aegion (NASDAQ:AEGN) last released its quarterly earnings data on Wednesday, July 31st. The construction company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.04. The firm had revenue of $318.74 million for the quarter, compared to the consensus estimate of $321.22 million. Aegion had a negative net margin of 1.20% and a positive return on equity of 7.99%. The firm’s revenue was down 4.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.34 earnings per share. As a group, sell-side analysts forecast that Aegion will post 1.18 earnings per share for the current fiscal year.
A number of hedge funds have recently added to or reduced their stakes in AEGN. Norges Bank acquired a new position in Aegion during the fourth quarter worth about $9,459,000. Mengis Capital Management Inc. acquired a new position in Aegion during the second quarter worth about $2,355,000. D. E. Shaw & Co. Inc. acquired a new position in Aegion during the fourth quarter worth about $1,316,000. Foundry Partners LLC raised its position in Aegion by 13.5% during the second quarter. Foundry Partners LLC now owns 617,663 shares of the construction company’s stock worth $11,365,000 after acquiring an additional 73,531 shares during the last quarter. Finally, KBC Group NV raised its position in Aegion by 32.6% during the second quarter. KBC Group NV now owns 263,694 shares of the construction company’s stock worth $4,852,000 after acquiring an additional 64,767 shares during the last quarter. 95.94% 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 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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