Aegion Corp (NASDAQ:AEGN) has been given a consensus rating of “Hold” by the six ratings firms that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation and five have issued a hold recommendation on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $23.50.
A number of equities research analysts recently commented on the stock. Maxim Group assumed coverage on shares of Aegion in a research report on Monday, January 7th. They set a “hold” rating and a $18.00 target price for the company. Zacks Investment Research cut shares of Aegion from a “hold” rating to a “sell” rating in a research report on Friday, February 1st. BidaskClub raised shares of Aegion from a “sell” rating to a “hold” rating in a research report on Saturday, January 5th. Finally, ValuEngine cut shares of Aegion from a “hold” rating to a “sell” rating in a research report on Thursday, February 28th.
NASDAQ:AEGN traded down $0.36 during midday trading on Thursday, reaching $16.69. 202,752 shares of the stock traded hands, compared to its average volume of 160,138. Aegion has a 12-month low of $15.12 and a 12-month high of $26.80. The company has a quick ratio of 1.94, a current ratio of 2.19 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $529.97 million, a price-to-earnings ratio of 14.03, a PEG ratio of 1.36 and a beta of 1.83.
Aegion (NASDAQ:AEGN) last posted its earnings results on Wednesday, February 27th. The construction company reported $0.27 EPS for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.01. Aegion had a net margin of 0.22% and a return on equity of 8.05%. As a group, analysts expect that Aegion will post 1.23 EPS for the current year.
In other Aegion news, SVP Stephen P. Callahan sold 3,419 shares of the firm’s stock in a transaction on Wednesday, February 20th. The shares were sold at an average price of $21.00, for a total value of $71,799.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 3.90% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of AEGN. Simplex Trading LLC purchased a new position in shares of Aegion in the fourth quarter worth $65,000. Bank of Montreal Can raised its holdings in shares of Aegion by 14.0% in the fourth quarter. Bank of Montreal Can now owns 5,432 shares of the construction company’s stock worth $88,000 after buying an additional 668 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its holdings in shares of Aegion by 78.6% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 6,532 shares of the construction company’s stock worth $109,000 after buying an additional 2,875 shares during the last quarter. Municipal Employees Retirement System of Michigan purchased a new position in shares of Aegion in the fourth quarter worth $150,000. Finally, Metropolitan Life Insurance Co. NY raised its holdings in shares of Aegion by 347.5% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 10,280 shares of the construction company’s stock worth $168,000 after buying an additional 7,983 shares during the last quarter. 95.45% of the stock is owned by institutional investors and hedge funds.
Aegion Corporation provides technologies to maintain, rehabilitate, and strengthen infrastructure worldwide. It operates through three segments: Infrastructure Solutions, Corrosion Protection, and Energy Services. The company offers various solutions for rehabilitating and maintaining aging or deteriorating infrastructure; protecting new infrastructure from corrosion; and providing integrated professional services in engineering, procurement, construction, maintenance, and turnaround services for oil companies.
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