Aegion (NASDAQ:AEGN) Price Target Increased to $29.00 by Analysts at Stifel Nicolaus

Aegion (NASDAQ:AEGN) had its price target lifted by stock analysts at Stifel Nicolaus from $28.00 to $29.00 in a research note issued to investors on Monday, August 6th, MarketBeat Ratings reports. The brokerage presently has a “hold” rating on the construction company’s stock. Stifel Nicolaus’ price objective would suggest a potential upside of 16.19% from the company’s current price.

AEGN has been the subject of several other reports. Zacks Investment Research raised Aegion from a “sell” rating to a “hold” rating in a research note on Tuesday, May 8th. ValuEngine raised Aegion from a “hold” rating to a “buy” rating in a research note on Thursday, April 12th. Finally, BidaskClub lowered Aegion from a “buy” rating to a “hold” rating in a report on Friday, June 8th. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. Aegion presently has a consensus rating of “Hold” and an average target price of $27.75.

NASDAQ AEGN traded down $0.15 on Monday, reaching $24.96. 48,100 shares of the stock traded hands, compared to its average volume of 114,492. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.05 and a current ratio of 2.32. The firm has a market cap of $806.69 million, a P/E ratio of 24.19, a PEG ratio of 1.46 and a beta of 1.74. Aegion has a 12 month low of $19.81 and a 12 month high of $28.19.

Aegion (NASDAQ:AEGN) last issued its quarterly earnings results on Wednesday, August 1st. The construction company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.05). The firm had revenue of $335.03 million for the quarter, compared to the consensus estimate of $328.80 million. Aegion had a negative net margin of 6.33% and a positive return on equity of 6.50%. research analysts predict that Aegion will post 1.36 earnings per share for the current fiscal year.

Large investors have recently made changes to their positions in the stock. Bank of Montreal Can purchased a new stake in shares of Aegion during the second quarter worth $123,000. Royal Bank of Canada raised its holdings in Aegion by 123.1% during the first quarter. Royal Bank of Canada now owns 7,139 shares of the construction company’s stock valued at $164,000 after buying an additional 3,939 shares in the last quarter. Piedmont Investment Advisors LLC bought a new position in Aegion during the second quarter valued at about $194,000. Xact Kapitalforvaltning AB bought a new position in Aegion during the first quarter valued at about $207,000. Finally, BlueMountain Capital Management LLC raised its holdings in Aegion by 293.5% during the second quarter. BlueMountain Capital Management LLC now owns 9,748 shares of the construction company’s stock valued at $251,000 after buying an additional 7,271 shares in the last quarter. Institutional investors and hedge funds own 92.22% of the company’s stock.

Aegion Company Profile

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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