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.
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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