Aegion Corp. (NASDAQ:AEGN) Receives $21.00 Average PT from Brokerages
Shares of Aegion Corp. (NASDAQ:AEGN) have received an average rating of “Hold” from the seven ratings firms that are presently covering the firm. Five analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $21.00.
A number of brokerages recently weighed in on AEGN. Sidoti began coverage on shares of Aegion Corp. in a research note on Monday, June 27th. They set a “neutral” rating for the company. DA Davidson reaffirmed a “hold” rating and issued a $20.00 price target on shares of Aegion Corp. in a research note on Wednesday, October 5th. Finally, Hilliard Lyons raised shares of Aegion Corp. from a “neutral” rating to a “buy” rating in a research note on Tuesday, June 28th.
Shares of Aegion Corp. (NASDAQ:AEGN) opened at 19.57 on Friday. The stock has a 50 day moving average of $18.71 and a 200-day moving average of $19.64. The company’s market capitalization is $649.18 million. Aegion Corp. has a one year low of $16.00 and a one year high of $22.41.
Aegion Corp. (NASDAQ:AEGN) last announced its earnings results on Tuesday, August 2nd. The company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.01. Aegion Corp. had a negative net margin of 1.45% and a positive return on equity of 7.08%. The business earned $297.69 million during the quarter, compared to the consensus estimate of $313.10 million. During the same quarter last year, the firm earned $0.35 earnings per share. Aegion Corp.’s quarterly revenue was down 11.7% on a year-over-year basis. On average, equities analysts forecast that Aegion Corp. will post $1.13 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Aperio Group LLC boosted its position in shares of Aegion Corp. by 5.2% in the first quarter. Aperio Group LLC now owns 22,350 shares of the company’s stock worth $471,000 after buying an additional 1,103 shares in the last quarter. TIAA CREF Investment Management LLC boosted its position in shares of Aegion Corp. by 2.5% in the first quarter. TIAA CREF Investment Management LLC now owns 186,805 shares of the company’s stock worth $3,940,000 after buying an additional 4,488 shares in the last quarter. BlackRock Inc. boosted its position in shares of Aegion Corp. by 10.8% in the first quarter. BlackRock Inc. now owns 24,703 shares of the company’s stock worth $521,000 after buying an additional 2,401 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in shares of Aegion Corp. by 1.0% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 956,090 shares of the company’s stock worth $20,164,000 after buying an additional 9,500 shares in the last quarter. Finally, Acrospire Investment Management LLC acquired a new position in shares of Aegion Corp. during the first quarter worth about $273,000. Hedge funds and other institutional investors own 88.66% of the company’s stock.
About Aegion Corp.
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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