Aegion (AEGN) Stock Rating Reaffirmed by Stifel Nicolaus

Aegion (NASDAQ:AEGN)‘s stock had its “hold” rating reissued by investment analysts at Stifel Nicolaus in a research report issued to clients and investors on Thursday. They currently have a $26.00 price target on the construction company’s stock. Stifel Nicolaus’ price objective suggests a potential upside of 0.23% from the stock’s current price.

Several other equities research analysts also recently issued reports on the company. BidaskClub downgraded Aegion from a “strong-buy” rating to a “buy” rating in a research report on Thursday. TheStreet downgraded Aegion from a “b-” rating to a “c” rating in a research report on Thursday, November 2nd. ValuEngine raised Aegion from a “hold” rating to a “buy” rating in a research report on Tuesday, September 12th. Canaccord Genuity raised their price target on Aegion from $26.00 to $27.00 and gave the company a “buy” rating in a research report on Friday, November 3rd. Finally, Hilliard Lyons raised Aegion from a “neutral” rating to a “buy” rating and set a $26.00 price target on the stock in a research report on Wednesday, October 4th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Aegion currently has a consensus rating of “Hold” and an average price target of $26.33.

Aegion (NASDAQ:AEGN) traded down $0.13 during trading on Thursday, reaching $25.94. 165,100 shares of the company’s stock traded hands, compared to its average volume of 204,013. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.36 and a quick ratio of 2.09. The firm has a market capitalization of $833.66, a P/E ratio of 20.37, a price-to-earnings-growth ratio of 1.92 and a beta of 1.76. Aegion has a 52-week low of $19.11 and a 52-week high of $28.19.

Aegion (NASDAQ:AEGN) last posted its earnings results on Wednesday, November 1st. The construction company reported $0.32 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.06. The firm had revenue of $341.87 million for the quarter, compared to the consensus estimate of $328.98 million. Aegion had a negative net margin of 3.03% and a positive return on equity of 7.62%. The business’s quarterly revenue was up 10.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.32 earnings per share. equities research analysts forecast that Aegion will post 1.09 EPS for the current year.

In other Aegion news, CFO David A. Martin sold 10,000 shares of the firm’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $24.00, for a total transaction of $240,000.00. Following the completion of the transaction, the chief financial officer now owns 101,430 shares in the company, valued at $2,434,320. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP David F. Morris sold 9,239 shares of the firm’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $28.05, for a total transaction of $259,153.95. The disclosure for this sale can be found here. 3.62% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. Eqis Capital Management Inc. bought a new position in Aegion during the third quarter worth about $210,000. State Street Corp lifted its stake in Aegion by 0.9% during the second quarter. State Street Corp now owns 920,962 shares of the construction company’s stock worth $20,152,000 after purchasing an additional 8,122 shares during the period. Scout Investments Inc. lifted its stake in Aegion by 3.9% during the second quarter. Scout Investments Inc. now owns 144,650 shares of the construction company’s stock worth $3,165,000 after purchasing an additional 5,425 shares during the period. Royce & Associates LP lifted its stake in Aegion by 2.3% during the second quarter. Royce & Associates LP now owns 877,893 shares of the construction company’s stock worth $19,208,000 after purchasing an additional 19,447 shares during the period. Finally, First Trust Advisors LP lifted its stake in Aegion by 40.8% during the third quarter. First Trust Advisors LP now owns 437,891 shares of the construction company’s stock worth $10,194,000 after purchasing an additional 126,788 shares during the period. Hedge funds and other institutional investors own 92.99% of the company’s stock.

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Aegion Company Profile

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.

Analyst Recommendations for Aegion (NASDAQ:AEGN)

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