Aegion Corp. (AEGN) Trading Down 2%
Shares of Aegion Corp. (NASDAQ:AEGN) fell 2% during mid-day trading on Monday . The company traded as low as $20.03 and last traded at $20.04, with a volume of 128,336 shares traded. The stock had previously closed at $20.45.
A number of brokerages have recently issued reports on AEGN. Hilliard Lyons raised Aegion Corp. from a “neutral” rating to a “buy” rating in a research report on Tuesday, June 28th. Zacks Investment Research raised Aegion Corp. from a “sell” rating to a “hold” rating in a research report on Thursday, May 5th. Sidoti began coverage on Aegion Corp. in a research report on Monday, June 27th. They set a “neutral” rating on the stock. Finally, DA Davidson lifted their target price on Aegion Corp. to $22.00 in a research report on Monday, March 21st. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $22.00.
The stock’s market capitalization is $676.22 million. The company has a 50-day moving average price of $19.58 and a 200-day moving average price of $19.40.
Aegion Corp. (NASDAQ:AEGN) last posted its quarterly earnings results on Monday, May 2nd. The company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.08 by $0.04. The company had revenue of $293.90 million for the quarter, compared to analysts’ expectations of $283.83 million. The company’s revenue was down 4.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.13 earnings per share. Analysts anticipate that Aegion Corp. will post $1.24 EPS for the current fiscal year.
Other large investors have modified their holdings of the company. Bank of Montreal Can boosted its stake in shares of Aegion Corp. by 34,264.7% in the fourth quarter. Bank of Montreal Can now owns 99,314 shares of the company’s stock worth $1,917,000 after buying an additional 99,025 shares in the last quarter. First Trust Advisors LP boosted its stake in shares of Aegion Corp. by 17.9% in the fourth quarter. First Trust Advisors LP now owns 95,606 shares of the company’s stock worth $1,846,000 after buying an additional 14,501 shares in the last quarter. Finally, Rhumbline Advisers boosted its stake in shares of Aegion Corp. by 2.0% in the fourth quarter. Rhumbline Advisers now owns 61,829 shares of the company’s stock worth $1,194,000 after buying an additional 1,240 shares in the last quarter.
Aegion Corporation (Aegion) is engaged in providing infrastructure protection and maintenance. The Company is engaged in providing technologies and services to protect against the corrosion of industrial pipelines, and rehabilitate and strengthen water, wastewater, energy and mining piping systems and buildings, bridges, tunnels and waterfront structures.
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