Aegion Corp. (AEGN) Trading 4.8% Higher
Shares of Aegion Corp. (NASDAQ:AEGN) traded up 4.8% on Thursday . The stock traded as high as $19.41 and last traded at $19.31, with a volume of 118,330 shares traded. The stock had previously closed at $18.42.
Several analysts have recently weighed in on the company. Hilliard Lyons raised Aegion Corp. from a “neutral” rating to a “buy” rating in a report on Tuesday, June 28th. Zacks Investment Research upgraded Aegion Corp. from a “sell” rating to a “hold” rating in a research report on Thursday, May 5th. Finally, Sidoti assumed coverage on Aegion Corp. in a research report on Monday, June 27th. They set a “neutral” rating for the company. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $22.00.
The company’s market capitalization is $629.27 million. The company has a 50-day moving average of $19.64 and a 200-day moving average of $19.70.
Aegion Corp. (NASDAQ:AEGN) last released its earnings results on Tuesday, August 2nd. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.01. During the same quarter in the previous year, the company posted $0.35 EPS. The company had revenue of $297.69 million for the quarter, compared to the consensus estimate of $313.10 million. The business’s revenue was down 11.7% on a year-over-year basis. Analysts forecast that Aegion Corp. will post $1.08 earnings per share for the current fiscal year.
A number of hedge funds have added to or reduced their stakes in AEGN. KBC Group NV raised its stake in Aegion Corp. by 5.1% in the fourth quarter. KBC Group NV now owns 134,600 shares of the company’s stock valued at $2,599,000 after buying an additional 6,588 shares in the last quarter. Bank of Montreal Can raised its stake in Aegion Corp. by 34,264.7% in the fourth quarter. Bank of Montreal Can now owns 99,314 shares of the company’s stock valued at $1,917,000 after buying an additional 99,025 shares in the last quarter. Finally, Rhumbline Advisers raised its stake in Aegion Corp. by 2.0% in the fourth quarter. Rhumbline Advisers now owns 61,829 shares of the company’s stock valued at $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.