Canaccord Genuity Raises Aegion Corp (AEGN) Price Target to $50.00
Aegion Corp (NASDAQ:AEGN) had its target price boosted by Canaccord Genuity from $47.00 to $50.00 in a research report report published on Thursday morning. They currently have a buy rating on the construction company’s stock.
AEGN has been the subject of several other research reports. Zacks Investment Research cut Aegion Corp from a hold rating to a sell rating in a report on Tuesday, July 4th. Sidoti cut Aegion Corp from a buy rating to a neutral rating in a report on Wednesday, August 2nd. Stifel Nicolaus reaffirmed a hold rating and issued a $23.50 price target on shares of Aegion Corp in a report on Friday, July 7th. Craig Hallum raised Aegion Corp from a hold rating to a buy rating in a report on Tuesday, May 23rd. Finally, TheStreet raised Aegion Corp from a c+ rating to a b rating in a report on Tuesday, August 1st. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Aegion Corp has an average rating of Hold and an average price target of $31.17.
Aegion Corp (NASDAQ:AEGN) opened at 20.12 on Thursday. The company has a market cap of $671.51 million, a P/E ratio of 14.85 and a beta of 1.67. The stock’s 50 day moving average price is $22.35 and its 200 day moving average price is $22.13. Aegion Corp has a 52-week low of $17.18 and a 52-week high of $26.68.
Aegion Corp (NASDAQ:AEGN) last posted its quarterly earnings results on Tuesday, August 1st. The construction company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.41 by $0.08. Aegion Corp had a net margin of 3.57% and a return on equity of 7.52%. The company had revenue of $354.47 million during the quarter, compared to analyst estimates of $351.51 million. During the same period in the prior year, the business posted $0.23 EPS. Aegion Corp’s revenue for the quarter was up 18.9% compared to the same quarter last year. Analysts expect that Aegion Corp will post $1.19 earnings per share for the current year.
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Large investors have recently bought and sold shares of the company. SG Americas Securities LLC acquired a new stake in Aegion Corp during the first quarter valued at about $119,000. State of Alaska Department of Revenue boosted its stake in Aegion Corp by 76.6% in the second quarter. State of Alaska Department of Revenue now owns 6,624 shares of the construction company’s stock valued at $144,000 after buying an additional 2,874 shares during the period. Bank of Montreal Can boosted its stake in Aegion Corp by 88.4% in the first quarter. Bank of Montreal Can now owns 7,701 shares of the construction company’s stock valued at $176,000 after buying an additional 3,614 shares during the period. Mason Street Advisors LLC boosted its stake in Aegion Corp by 6.5% in the first quarter. Mason Street Advisors LLC now owns 7,902 shares of the construction company’s stock valued at $181,000 after buying an additional 480 shares during the period. Finally, RBF Capital LLC acquired a new stake in Aegion Corp during the first quarter valued at about $209,000. 88.00% of the stock is owned by institutional investors.
About Aegion Corp
Aegion Corporation (Aegion) is engaged in providing infrastructure protection and maintenance. The Company operates through three segments: Infrastructure Solutions, Corrosion Protection and Energy Services. The Company offers service solutions, including rehabilitation of water and wastewater pipelines with Insituform cured-in-place pipe (CIPP) products; fusible polyvinyl chloride products for rehabilitation; fiber reinforced polymer systems for rehabilitation and strengthening; cathodic protection for corrosion engineering control and infrastructure rehabilitation; pipe coatings for corrosion control and prevention; high density polyethylene (HDPE) pipe lining for corrosion control, abrasion protection and pipeline rehabilitation, and construction and maintenance of oil and gas facilities.
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