Aegion Corp (NASDAQ:AEGN) was upgraded by stock analysts at ValuEngine from a “hold” rating to a “buy” rating in a report released on Tuesday.

Several other research firms have also recently weighed in on AEGN. BidaskClub upgraded Aegion Corp from a “sell” rating to a “hold” rating in a report on Saturday, July 8th. Canaccord Genuity reiterated a “buy” rating and issued a $26.00 price objective on shares of Aegion Corp in a report on Thursday, August 10th. TheStreet lowered Aegion Corp from a “b” rating to a “c” rating in a research report on Monday, June 5th. Craig Hallum raised Aegion Corp from a “hold” rating to a “buy” rating in a research report on Tuesday, May 23rd. Finally, Zacks Investment Research raised Aegion Corp from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 11th. Six analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $23.17.

Shares of Aegion Corp (NASDAQ:AEGN) opened at 22.02 on Tuesday. Aegion Corp has a 12-month low of $17.18 and a 12-month high of $26.68. The stock’s 50 day moving average price is $21.30 and its 200 day moving average price is $21.68. The company has a market cap of $694.69 million, a P/E ratio of 16.25 and a beta of 1.66.

Aegion Corp (NASDAQ:AEGN) last released its quarterly earnings data on Tuesday, August 1st. The construction company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.08). Aegion Corp had a return on equity of 7.52% and a net margin of 3.57%. The business had revenue of $354.47 million during the quarter, compared to analysts’ expectations of $351.51 million. During the same quarter last year, the business posted $0.23 EPS. The company’s quarterly revenue was up 18.9% compared to the same quarter last year. On average, analysts forecast that Aegion Corp will post $1.18 EPS for the current year.

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Several large investors have recently made changes to their positions in the company. Public Employees Retirement System of Ohio raised its position in shares of Aegion Corp by 10.1% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 4,643 shares of the construction company’s stock worth $102,000 after acquiring an additional 426 shares in the last quarter. Security National Bank of SO Dak raised its position in shares of Aegion Corp by 2.3% in the 2nd quarter. Security National Bank of SO Dak now owns 48,882 shares of the construction company’s stock worth $1,069,000 after acquiring an additional 1,090 shares in the last quarter. Security National Bank of Sioux City Iowa IA raised its position in shares of Aegion Corp by 1.3% in the 2nd quarter. Security National Bank of Sioux City Iowa IA now owns 61,021 shares of the construction company’s stock worth $1,335,000 after acquiring an additional 795 shares in the last quarter. Cubist Systematic Strategies LLC bought a new position in shares of Aegion Corp in the 2nd quarter worth approximately $295,000. Finally, State Street Corp raised its position in shares of Aegion Corp by 0.9% in the 2nd quarter. State Street Corp now owns 920,962 shares of the construction company’s stock worth $20,152,000 after acquiring an additional 8,122 shares in the last quarter. 88.84% of the stock is owned by hedge funds and other institutional investors.

About Aegion Corp

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 Corp (NASDAQ:AEGN)

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