Aegion (AEGN) Upgraded to “Buy” by BidaskClub

BidaskClub upgraded shares of Aegion (NASDAQ:AEGN) from a hold rating to a buy rating in a research note issued to investors on Friday.

Several other equities research analysts have also commented on the stock. DA Davidson reiterated a neutral rating on shares of Aegion in a research note on Thursday, March 1st. Zacks Investment Research upgraded shares of Aegion from a sell rating to a hold rating in a research note on Monday, February 19th. ValuEngine upgraded shares of Aegion from a hold rating to a buy rating in a research note on Sunday, December 31st. Hilliard Lyons lowered shares of Aegion from a buy rating to a neutral rating in a research note on Thursday, December 21st. Finally, Stifel Nicolaus reiterated a hold rating and issued a $26.00 price objective on shares of Aegion in a research note on Thursday, December 14th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Aegion presently has a consensus rating of Hold and a consensus target price of $26.75.

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AEGN opened at $22.79 on Friday. The company has a current ratio of 2.24, a quick ratio of 2.00 and a debt-to-equity ratio of 0.63. Aegion has a fifty-two week low of $19.11 and a fifty-two week high of $28.19. The stock has a market capitalization of $742.80, a P/E ratio of 21.91, a price-to-earnings-growth ratio of 1.34 and a beta of 1.69.

Aegion (NASDAQ:AEGN) last posted its earnings results on Wednesday, February 28th. The construction company reported $0.20 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.03). The business had revenue of $337.50 million during the quarter, compared to analyst estimates of $332.50 million. Aegion had a positive return on equity of 6.32% and a negative net margin of 5.37%. equities analysts forecast that Aegion will post 1.36 EPS for the current fiscal year.

In other Aegion news, CAO Michael D. White sold 4,141 shares of the stock in a transaction dated Monday, March 12th. The shares were sold at an average price of $23.36, for a total value of $96,733.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Charles R. Gordon sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, March 12th. The stock was sold at an average price of $23.36, for a total transaction of $467,200.00. Following the sale, the chief executive officer now owns 306,802 shares of the company’s stock, valued at approximately $7,166,894.72. The disclosure for this sale can be found here. Company insiders own 3.37% of the company’s stock.

Several hedge funds have recently modified their holdings of AEGN. BNP Paribas Arbitrage SA increased its stake in shares of Aegion by 45.6% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 18,072 shares of the construction company’s stock worth $421,000 after purchasing an additional 5,663 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its stake in shares of Aegion by 40.8% during the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 15,880 shares of the construction company’s stock worth $370,000 after purchasing an additional 4,600 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Aegion during the 3rd quarter worth approximately $133,000. Ameriprise Financial Inc. increased its stake in shares of Aegion by 20.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 267,673 shares of the construction company’s stock worth $6,231,000 after purchasing an additional 45,130 shares during the last quarter. Finally, Wells Fargo & Company MN increased its stake in shares of Aegion by 8.0% during the 3rd quarter. Wells Fargo & Company MN now owns 30,568 shares of the construction company’s stock worth $712,000 after purchasing an additional 2,272 shares during the last quarter. Institutional investors own 93.94% 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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