Aegion Corp. (AEGN) Trading Down 2%
Aegion Corp. (NASDAQ:AEGN) shares were down 2% on Monday . The stock traded as low as $20.03 and last traded at $20.04, with a volume of 128,336 shares trading hands. The stock had previously closed at $20.45.
Several research analysts have weighed in on AEGN shares. Hilliard Lyons upgraded Aegion Corp. from a “neutral” rating to a “buy” rating in a report on Tuesday, June 28th. Sidoti assumed coverage on Aegion Corp. in a report on Monday, June 27th. They issued a “neutral” rating for the company. Finally, Zacks Investment Research upgraded Aegion Corp. from a “sell” rating to a “hold” rating in a report on Thursday, May 5th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Aegion Corp. has an average rating of “Hold” and a consensus target price of $22.00.
The stock’s market capitalization is $668.15 million. The company has a 50 day moving average price of $19.60 and a 200-day moving average price of $19.41.
Aegion Corp. (NASDAQ:AEGN) last issued its earnings results on Monday, May 2nd. The company reported $0.12 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.04. The business had revenue of $293.90 million for the quarter, compared to the consensus estimate of $283.83 million. During the same quarter in the previous year, the business posted $0.13 earnings per share. The company’s quarterly revenue was down 4.9% on a year-over-year basis. Analysts predict that Aegion Corp. will post $1.24 earnings per share for the current year.
A number of hedge funds have modified their holdings of the company. 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 during 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 during the last quarter. Finally, 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 during 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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