Analysts Set Aegion Corp (AEGN) Price Target at $29.00

Aegion Corp (NASDAQ:AEGN) has earned a consensus recommendation of “Hold” from the seven analysts that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $23.50.

Several research analysts have recently issued reports on AEGN shares. ValuEngine downgraded Aegion from a “buy” rating to a “hold” rating in a research note on Wednesday, September 19th. BidaskClub downgraded shares of Aegion from a “sell” rating to a “strong sell” rating in a research report on Saturday, December 8th. Canaccord Genuity downgraded shares of Aegion from a “buy” rating to a “hold” rating in a research report on Thursday, November 1st. Zacks Investment Research reissued a “sell” rating on shares of Aegion in a research report on Monday, November 12th. Finally, Maxim Group initiated coverage on shares of Aegion in a research report on Monday, January 7th. They set a “hold” rating and a $18.00 target price for the company.

Shares of Aegion stock traded down $0.04 on Friday, hitting $18.22. The stock had a trading volume of 119,796 shares, compared to its average volume of 143,574. Aegion has a twelve month low of $15.12 and a twelve month high of $26.80. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.17 and a quick ratio of 1.89. The company has a market capitalization of $585.85 million, a P/E ratio of 17.69, a P/E/G ratio of 1.33 and a beta of 1.92.

Aegion (NASDAQ:AEGN) last released its quarterly earnings data on Tuesday, October 30th. The construction company reported $0.45 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by ($0.02). Aegion had a negative net margin of 0.55% and a positive return on equity of 7.42%. The firm had revenue of $339.68 million during the quarter, compared to analyst estimates of $344.25 million. Equities analysts anticipate that Aegion will post 1.2 EPS for the current year.

In other news, CFO David F. Morris bought 10,000 shares of the firm’s stock in a transaction on Friday, November 16th. The stock was acquired at an average price of $18.50 per share, with a total value of $185,000.00. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 3.37% of the company’s stock.

Several institutional investors have recently bought and sold shares of the business. Vanguard Group Inc boosted its holdings in shares of Aegion by 2.5% during the 3rd quarter. Vanguard Group Inc now owns 3,109,497 shares of the construction company’s stock worth $78,919,000 after buying an additional 75,215 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Aegion by 2.5% during the 3rd quarter. Vanguard Group Inc. now owns 3,109,497 shares of the construction company’s stock worth $78,919,000 after buying an additional 75,215 shares in the last quarter. Morgan Stanley boosted its holdings in shares of Aegion by 64.3% during the 3rd quarter. Morgan Stanley now owns 299,050 shares of the construction company’s stock worth $7,590,000 after buying an additional 117,003 shares in the last quarter. Legal & General Group Plc boosted its holdings in shares of Aegion by 7.4% during the 3rd quarter. Legal & General Group Plc now owns 77,487 shares of the construction company’s stock worth $1,957,000 after buying an additional 5,355 shares in the last quarter. Finally, Teachers Advisors LLC boosted its holdings in shares of Aegion by 4.7% during the 3rd quarter. Teachers Advisors LLC now owns 65,804 shares of the construction company’s stock worth $1,670,000 after buying an additional 2,928 shares in the last quarter. Hedge funds and other institutional investors own 93.86% of the company’s stock.

About Aegion

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.

Further Reading: Front-End Load

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