A number of other equities research analysts have also recently issued reports on the company. ValuEngine cut Aegion from a hold rating to a sell rating in a research note on Thursday, February 28th. Zacks Investment Research upgraded Aegion from a sell rating to a hold rating in a research note on Tuesday, February 12th. Finally, Maxim Group assumed coverage on Aegion in a research note on Monday, January 7th. They issued a hold rating and a $18.00 target price on the stock. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. The company has an average rating of Hold and a consensus price target of $25.50.
Aegion stock opened at $19.42 on Friday. The firm has a market capitalization of $608.33 million, a price-to-earnings ratio of 16.32, a price-to-earnings-growth ratio of 1.58 and a beta of 1.83. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.19 and a quick ratio of 1.94. Aegion has a 12 month low of $15.12 and a 12 month high of $26.80.
Aegion (NASDAQ:AEGN) last released its quarterly earnings data on Wednesday, February 27th. The construction company reported $0.27 EPS for the quarter, hitting analysts’ consensus estimates of $0.27. The firm had revenue of $334.00 million during the quarter, compared to the consensus estimate of $311.00 million. Aegion had a net margin of 0.22% and a return on equity of 8.05%. On average, analysts anticipate that Aegion will post 1.23 earnings per share for the current fiscal year.
In related news, SVP Stephen P. Callahan sold 3,419 shares of Aegion stock in a transaction dated Wednesday, February 20th. The shares were sold at an average price of $21.00, for a total transaction of $71,799.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 3.90% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Simplex Trading LLC bought a new stake in shares of Aegion during the fourth quarter valued at about $65,000. Bank of Montreal Can raised its stake in shares of Aegion by 14.0% during the fourth quarter. Bank of Montreal Can now owns 5,432 shares of the construction company’s stock valued at $88,000 after purchasing an additional 668 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in shares of Aegion by 78.6% during the fourth quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 6,532 shares of the construction company’s stock valued at $109,000 after purchasing an additional 2,875 shares in the last quarter. Municipal Employees Retirement System of Michigan bought a new stake in shares of Aegion during the fourth quarter valued at about $150,000. Finally, Metropolitan Life Insurance Co. NY raised its stake in shares of Aegion by 347.5% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 10,280 shares of the construction company’s stock valued at $168,000 after purchasing an additional 7,983 shares in the last quarter. Institutional investors and hedge funds own 97.37% of the company’s stock.
Aegion Company Profile
Aegion Corporation provides technologies to maintain, rehabilitate, and strengthen infrastructure in the United States, Canada, Europe, and internationally. 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 and natural gas companies.
Featured Story: How to Trade Using Analysts Ratings
Receive News & Ratings for Aegion Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aegion and related companies with MarketBeat.com's FREE daily email newsletter.