Shares of Aegion Corp. (NASDAQ:AEGN) have received an average recommendation of “Hold” from the seven analysts that are covering the stock. Five analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $21.00.
AEGN has been the subject of several recent analyst reports. Hilliard Lyons raised shares of Aegion Corp. from a “neutral” rating to a “buy” rating in a report on Tuesday, June 28th. DA Davidson reaffirmed a “hold” rating and set a $20.00 price objective on shares of Aegion Corp. in a report on Wednesday. Finally, Sidoti initiated coverage on shares of Aegion Corp. in a report on Monday, June 27th. They set a “neutral” rating for the company.
Hedge funds have recently modified their holdings of the stock. Picton Mahoney Asset Management bought a new stake in shares of Aegion Corp. during the second quarter worth $104,000. Mason Street Advisors LLC bought a new stake in shares of Aegion Corp. during the second quarter worth $134,000. Royal Bank of Canada increased its stake in shares of Aegion Corp. by 42.8% in the first quarter. Royal Bank of Canada now owns 10,030 shares of the company’s stock worth $211,000 after buying an additional 3,007 shares during the period. Tower Research Capital LLC TRC increased its stake in shares of 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 worth $211,000 after buying an additional 10,818 shares during the period. Finally, BNP Paribas Arbitrage SA increased its stake in shares of Aegion Corp. by 96.8% in the second quarter. BNP Paribas Arbitrage SA now owns 11,785 shares of the company’s stock worth $230,000 after buying an additional 5,796 shares during the period. 88.66% of the stock is owned by hedge funds and other institutional investors.
Shares of Aegion Corp. (NASDAQ:AEGN) traded down 0.55% during midday trading on Friday, hitting $19.72. 50,003 shares of the company were exchanged. Aegion Corp. has a one year low of $16.00 and a one year high of $22.41. The stock’s 50-day moving average is $18.70 and its 200-day moving average is $19.65. The stock’s market cap is $654.15 million.
Aegion Corp. (NASDAQ:AEGN) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported $0.23 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 negative net margin of 1.45% and a positive return on equity of 7.08%. Aegion Corp.’s quarterly revenue was down 11.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.35 EPS. Equities research analysts anticipate that Aegion Corp. will post $1.13 EPS for the current year.
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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