Aegion (AEGN) Stock Rating Lowered by ValuEngine

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ValuEngine cut shares of Aegion (NASDAQ:AEGN) from a buy rating to a hold rating in a report issued on Friday morning.

A number of other brokerages also recently weighed in on AEGN. Stifel Nicolaus boosted their target price on Aegion from $26.00 to $28.00 and gave the stock a hold rating in a research note on Friday, May 25th. Zacks Investment Research downgraded Aegion from a hold rating to a sell rating in a research note on Tuesday, May 1st. Finally, BidaskClub upgraded Aegion from a hold rating to a buy rating in a research note on Monday, June 18th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of Hold and an average target price of $27.50.

Aegion traded down $0.35, reaching $25.36, during mid-day trading on Friday, Marketbeat Ratings reports. 77,837 shares of the company traded hands, compared to its average volume of 81,171. The company has a market capitalization of $837.98 million, a P/E ratio of 24.62, a price-to-earnings-growth ratio of 1.49 and a beta of 1.74. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.08 and a current ratio of 2.37. Aegion has a fifty-two week low of $19.11 and a fifty-two week high of $28.19.

Aegion (NASDAQ:AEGN) last announced its earnings results on Wednesday, May 2nd. The construction company reported $0.13 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.13. Aegion had a positive return on equity of 6.22% and a negative net margin of 5.99%. The firm had revenue of $324.86 million for the quarter, compared to the consensus estimate of $308.97 million. During the same quarter in the previous year, the business earned $0.18 EPS. The company’s revenue was down .1% compared to the same quarter last year. sell-side analysts forecast that Aegion will post 1.38 earnings per share for the current fiscal year.

In other news, Director Alfred L. Woods sold 7,500 shares of the business’s stock in a transaction that occurred on Monday, May 7th. The stock was sold at an average price of $24.15, for a total value of $181,125.00. Following the transaction, the director now owns 63,134 shares in the company, valued at approximately $1,524,686.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.37% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in AEGN. Royal Bank of Canada raised its holdings in shares of Aegion by 123.1% in the 1st quarter. Royal Bank of Canada now owns 7,139 shares of the construction company’s stock worth $164,000 after purchasing an additional 3,939 shares during the period. Bank of Montreal Can bought a new stake in shares of Aegion in the 2nd quarter worth approximately $123,000. UBS Asset Management Americas Inc. bought a new stake in shares of Aegion in the 4th quarter worth approximately $209,000. Global X Management Co. LLC raised its holdings in shares of Aegion by 245.3% in the 1st quarter. Global X Management Co. LLC now owns 11,586 shares of the construction company’s stock worth $265,000 after purchasing an additional 8,231 shares during the period. Finally, Xact Kapitalforvaltning AB bought a new stake in shares of Aegion in the 1st quarter worth approximately $207,000. Hedge funds and other institutional investors own 91.35% of the company’s stock.

About Aegion

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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Analyst Recommendations for Aegion (NASDAQ:AEGN)

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