Shares of Aegion Corp. (NASDAQ:AEGN) have earned an average recommendation of “Hold” from the seven analysts that are covering the firm. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $21.00.

Separately, DA Davidson reissued a “hold” rating and set a $20.00 price objective on shares of Aegion Corp. in a report on Wednesday, October 5th.

Aegion Corp. (NASDAQ:AEGN) opened at 23.27 on Friday. The firm’s market capitalization is $758.90 million. The company has a 50 day moving average of $19.23 and a 200 day moving average of $19.34. Aegion Corp. has a 1-year low of $16.00 and a 1-year high of $23.37.

Aegion Corp. (NASDAQ:AEGN) last issued its earnings results on Monday, October 31st. The company reported $0.32 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by $0.03. Aegion Corp. had a negative net margin of 1.72% and a positive return on equity of 6.43%. The firm earned $308.52 million during the quarter, compared to analyst estimates of $318.99 million. During the same period last year, the business earned $0.44 EPS. The firm’s revenue was down 13.5% compared to the same quarter last year. Analysts forecast that Aegion Corp. will post $1.13 EPS for the current year.

Several institutional investors have recently made changes to their positions in AEGN. TIAA CREF Investment Management LLC raised 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 during the period. BlackRock Inc. raised 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 during the period. BlackRock Institutional Trust Company N.A. raised 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 during the period. UBS Group AG raised its position in shares of Aegion Corp. by 1.6% in the first quarter. UBS Group AG now owns 55,329 shares of the company’s stock worth $1,167,000 after buying an additional 879 shares during the period. Finally, AXA acquired a new position in shares of Aegion Corp. during the first quarter worth about $777,000. Institutional investors and hedge funds own 91.91% 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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