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

A number of other equities research analysts have also weighed in on the company. Craig Hallum lowered Aegion from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. Zacks Investment Research upgraded Aegion from a “sell” rating to a “hold” rating in a research note on Wednesday, November 8th. Hilliard Lyons upgraded Aegion from a “neutral” rating to a “buy” rating and set a $26.00 price target on the stock in a research note on Wednesday, October 4th. Canaccord Genuity boosted their price target on Aegion from $26.00 to $27.00 and gave the stock a “buy” rating in a research note on Friday, November 3rd. Finally, Stifel Nicolaus restated a “hold” rating and set a $26.00 price target on shares of Aegion in a research note on Thursday, December 14th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $26.33.

Aegion (NASDAQ:AEGN) opened at $25.43 on Friday. Aegion has a 52 week low of $19.11 and a 52 week high of $28.19. The company has a quick ratio of 2.09, a current ratio of 2.36 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $827.16, a PE ratio of -21.02, a price-to-earnings-growth ratio of 1.87 and a beta of 1.77.

Aegion (NASDAQ:AEGN) last posted its earnings results on Wednesday, November 1st. The construction company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.06. Aegion had a positive return on equity of 7.62% and a negative net margin of 3.03%. The company had revenue of $341.87 million for the quarter, compared to analyst estimates of $328.98 million. During the same quarter in the previous year, the firm earned $0.32 earnings per share. The firm’s quarterly revenue was up 10.8% compared to the same quarter last year. equities research analysts expect that Aegion will post 1.09 EPS for the current fiscal year.

In related news, CFO David A. Martin sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $24.00, for a total value of $240,000.00. Following the sale, the chief financial officer now owns 101,430 shares in the company, valued at $2,434,320. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP David F. Morris sold 9,239 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $28.05, for a total value of $259,153.95. The disclosure for this sale can be found here. 3.62% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Public Employees Retirement System of Ohio boosted its position in Aegion by 10.1% in the second quarter. Public Employees Retirement System of Ohio now owns 4,643 shares of the construction company’s stock valued at $102,000 after buying an additional 426 shares during the last quarter. Victory Capital Management Inc. acquired a new position in Aegion in the third quarter valued at approximately $131,000. SG Americas Securities LLC acquired a new position in Aegion in the third quarter valued at approximately $133,000. Eqis Capital Management Inc. acquired a new position in Aegion in the third quarter valued at approximately $210,000. Finally, Crossmark Global Holdings Inc. acquired a new position in Aegion in the third quarter valued at approximately $240,000. Hedge funds and other institutional investors own 92.96% of the company’s stock.

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About Aegion

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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