The stock of Aegion Corp (NASDAQ:AEGN) hit a new 52-week high and has $36.90 target or 62.00% above today’s $22.78 share price. The 7 months bullish chart indicates low risk for the $801.43 million company. The 1-year high was reported on Nov, 11 by Barchart.com. If the $36.90 price target is reached, the company will be worth $496.89 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 262,405 shares traded hands or 76.29% up from the average. Aegion Corp (NASDAQ:AEGN) has risen 6.40% since April 11, 2016 and is uptrending. It has outperformed by 0.26% the S&P500.
Aegion Corp (NASDAQ:AEGN) Ratings Coverage
Out of 2 analysts covering Aegion (NASDAQ:AEGN), 0 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 0 are positive. Aegion has been the topic of 4 analyst reports since January 5, 2016 according to StockzIntelligence Inc. The stock of Aegion Corp (NASDAQ:AEGN) has “Neutral” rating given on Monday, June 27 by Sidoti. The company was reinitiated on Tuesday, January 5 by Stifel Nicolaus. The rating was initiated by Sidoti on Tuesday, January 19 with “Buy”. The company was downgraded on Friday, March 11 by Sidoti.
According to Zacks Investment Research, “Aegion Corporation provides cured-in place pipe and other technologies and services for the rehabilitation of pipeline systems. The Company is engaged in providing proprietary technologies and services to protect against the corrosion of industrial pipelines and for the rehabilitation and strengthening of sewer, water, energy and mining piping systems and buildings, bridges, tunnels and waterfront structures. Aegion Corporation, formally known as Insituform Technologies, Inc., is headquartered in Chesterfield, Missouri.”
Insitutional Activity: The institutional sentiment decreased to 0.88 in 2016 Q2. Its down 0.33, from 1.21 in 2016Q1. The ratio dropped, as 13 funds sold all Aegion Corp shares owned while 53 reduced positions. 11 funds bought stakes while 47 increased positions. They now own 29.08 million shares or 7.82% less from 31.55 million shares in 2016Q1.
Loomis Sayles & Lp accumulated 439 shares or 0% of the stock. California Public Employees Retirement, a California-based fund reported 136,200 shares. First Wilshire Mngmt accumulated 400,104 shares or 2.51% of the stock. Pinebridge L P, a New York-based fund reported 4,259 shares. Counselors Inc last reported 47,612 shares in the company. Oppenheimer holds 0.02% or 27,400 shares in its portfolio. Dimensional Fund Advsrs Limited Partnership has 3.07 million shares for 0.03% of their US portfolio. Gamco Invsts Et Al owns 71,500 shares or 0.01% of their US portfolio. Ladenburg Thalmann Fin Serv, a Florida-based fund reported 50 shares. Geode Cap Management Limited Liability Company holds 0% or 253,125 shares in its portfolio. Texas Permanent School Fund has 26,843 shares for 0.01% of their US portfolio. Parkside Comml Bank holds 0.01% of its portfolio in Aegion Corp (NASDAQ:AEGN) for 1,273 shares. Systematic Financial Lp holds 0.02% of its portfolio in Aegion Corp (NASDAQ:AEGN) for 79,280 shares. Snow Capital Mgmt L P last reported 80,000 shares in the company. Rhumbline Advisers owns 56,002 shares or 0% of their US portfolio.
More recent Aegion Corp (NASDAQ:AEGN) news were published by: Marketwatch.com which released: “Aegion upgraded to buy from neutral at Hilliard Lyons” on April 22, 2011. Also Quotes.Wsj.com published the news titled: “News Aegion Corp.AEGN” on October 26, 2011. Businesswire.com‘s news article titled: “Aegion Corporation Announces Several Actions to Enhance Future Growth” with publication date: January 05, 2016 was also an interesting one.
AEGN Company Profile
Aegion Corporation (Aegion), incorporated on August 17, 2011, is engaged in providing infrastructure protection and maintenance. The Firm operates through three divisions: Infrastructure Solutions, Corrosion Protection and Energy Services. The Firm is engaged in providing technologies and services to protect against the corrosion of industrial pipelines; rehabilitate and strengthen water, wastewater, energy and mining piping systems, as well as buildings, bridges, tunnels and other commercial and industrial structures, and utilize integrated professional services in engineering, procurement, construction, maintenance and turnaround services for a range of energy related industries. The Company’s business activities include manufacturing, distribution, maintenance, construction, installation, coating and insulation, cathodic protection, research and development and licensing. The Firm 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 gas and oil facilities.
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