Aegion Corp. (NASDAQ:AEGN)‘s stock had its “hold” rating restated by DA Davidson in a report released on Wednesday. They currently have a $20.00 price target on the stock. DA Davidson’s price target would indicate a potential upside of 2.46% from the stock’s current price.
AEGN has been the subject of several other reports. Sidoti started coverage on shares of Aegion Corp. in a report on Monday, June 27th. They issued a “neutral” rating for the company. Hilliard Lyons raised shares of Aegion Corp. from a “neutral” rating to a “buy” rating in a report on Tuesday, June 28th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Aegion Corp. has a consensus rating of “Hold” and a consensus price target of $21.33.
Aegion Corp. (NASDAQ:AEGN) traded up 1.79% on Wednesday, reaching $19.87. 72,361 shares of the company traded hands. The stock’s 50-day moving average is $18.62 and its 200-day moving average is $19.65. Aegion Corp. has a 1-year low of $16.00 and a 1-year high of $22.41. The stock’s market capitalization is $659.13 million.
Aegion Corp. (NASDAQ:AEGN) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.22 by $0.01. Aegion Corp. had a negative net margin of 1.45% and a positive return on equity of 7.08%. The business had revenue of $297.69 million for the quarter, compared to analyst estimates of $313.10 million. During the same quarter in the previous year, the firm posted $0.35 earnings per share. Aegion Corp.’s quarterly revenue was down 11.7% on a year-over-year basis. Equities research analysts expect that Aegion Corp. will post $1.14 EPS for the current year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Picton Mahoney Asset Management bought a new position in Aegion Corp. during the second quarter valued at $104,000. Mason Street Advisors LLC bought a new position in Aegion Corp. during the second quarter valued at $134,000. Royal Bank of Canada boosted its position in Aegion Corp. by 42.8% in the first quarter. Royal Bank of Canada now owns 10,030 shares of the company’s stock valued at $211,000 after buying an additional 3,007 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in Aegion Corp. by 98,345.5% in the second quarter. Tower Research Capital LLC TRC now owns 10,829 shares of the company’s stock valued at $211,000 after buying an additional 10,818 shares during the last quarter. Finally, BNP Paribas Arbitrage SA boosted its position in Aegion Corp. by 96.8% in the second quarter. BNP Paribas Arbitrage SA now owns 11,785 shares of the company’s stock valued at $230,000 after buying an additional 5,796 shares during the last quarter. 88.66% of the stock is owned by hedge funds and other institutional investors.
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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