Aegion Corp. (AEGN) Earns “Hold” Rating from DA Davidson
A number of other research firms also recently weighed in on AEGN. Hilliard Lyons upgraded Aegion Corp. from a neutral rating to a buy rating in a report on Tuesday, June 28th. Sidoti initiated coverage on Aegion Corp. in a report on Monday, June 27th. They issued a neutral rating for the company. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Aegion Corp. presently has a consensus rating of Hold and an average target price of $21.33.
Shares of Aegion Corp. (NASDAQ:AEGN) opened at 19.77 on Wednesday. The firm’s market cap is $655.81 million. Aegion Corp. has a 52-week low of $16.00 and a 52-week high of $22.41. The company has a 50 day moving average price of $18.73 and a 200-day moving average price of $19.62.
Aegion Corp. (NASDAQ:AEGN) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported $0.23 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.01. The business earned $297.69 million during the quarter, compared to the consensus estimate of $313.10 million. Aegion Corp. had a positive return on equity of 7.08% and a negative net margin of 1.45%. Aegion Corp.’s quarterly revenue was down 11.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.35 earnings per share. On average, analysts expect that Aegion Corp. will post $1.13 earnings per share for the current fiscal year.
Hedge funds have recently modified their holdings of the stock. Panagora Asset Management Inc. boosted its stake in shares of Aegion Corp. by 18.2% in the first quarter. Panagora Asset Management Inc. now owns 617,275 shares of the company’s stock worth $13,018,000 after buying an additional 95,107 shares during the period. A.R.T. Advisors LLC boosted its stake in shares of Aegion Corp. by 27.1% in the first quarter. A.R.T. Advisors LLC now owns 24,830 shares of the company’s stock worth $523,000 after buying an additional 5,300 shares during the period. HBK Investments L P purchased a new stake in shares of Aegion Corp. during the first quarter worth approximately $318,000. Bogle Investment Management L P DE purchased a new stake in shares of Aegion Corp. during the first quarter worth approximately $324,000. Finally, Goldman Sachs Group Inc. boosted its stake in shares of Aegion Corp. by 6.5% in the first quarter. Goldman Sachs Group Inc. now owns 223,876 shares of the company’s stock worth $4,721,000 after buying an additional 13,575 shares during the period. 88.66% of the stock is currently owned by institutional investors and hedge funds.
Aegion Corp. Company Profile
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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