Follow The Ratings: What To Expect After Aegion (NASDAQ:AEGN)’s Upgrade Rating From Sidoti?

November 23, 2016 - By olga

Follow The Ratings:  What To Expect After Aegion (NASDAQ:AEGN)'s Upgrade Rating From Sidoti?

Aegion (NASDAQ:AEGN) Upgrade

Aegion (NASDAQ:AEGN)‘s Neutral rating is no longer valid. Research analysts at Sidoti increased AEGN’s rating to a Buy.

Aegion Corp (NASDAQ:AEGN) Ratings Coverage

Out of 2 analysts covering Aegion (NASDAQ:AEGN), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. Aegion has been the topic of 5 analyst reports since January 5, 2016 according to StockzIntelligence Inc. Sidoti upgraded Aegion Corp (NASDAQ:AEGN) on Tuesday, November 22 to “Buy” rating. Sidoti initiated Aegion Corp (NASDAQ:AEGN) on Monday, June 27 with “Neutral” rating. The stock of Aegion Corp (NASDAQ:AEGN) earned “Buy” rating by Sidoti on Tuesday, January 19. Stifel Nicolaus reinitiated the stock with “Hold” rating in Tuesday, January 5 report. As per Friday, March 11, the company rating was downgraded by Sidoti.

The stock increased 5.32% or $1.28 during the last trading session, hitting $25.35. Aegion Corp (NASDAQ:AEGN) has risen 20.26% since April 21, 2016 and is uptrending. It has outperformed by 14.93% the S&P500.

Insitutional Activity: The institutional sentiment increased to 1.11 in 2016 Q2. Its up 0.23, from 0.88 in 2016Q1. The ratio increased, 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.

Blackrock Institutional Tru Company Na last reported 0% of its portfolio in the stock. Us Financial Bank De owns 673 shares or 0% of their US portfolio. Qs Invsts Ltd Liability Co holds 0.02% or 96,603 shares in its portfolio. Bank & Trust Of America Corp De holds 0% or 18,785 shares in its portfolio. Calvert Invest Mgmt Inc owns 126,393 shares or 0.13% of their US portfolio. Lsv Asset reported 564,511 shares or 0.02% of all its holdings. Teachers Advsrs last reported 58,586 shares in the company. Martingale Asset Mgmt L P has 0.02% invested in the company for 69,545 shares. Princeton Alpha Lp has 13,041 shares for 0.05% of their US portfolio. Aperio Group Inc Ltd Liability holds 0% or 22,667 shares in its portfolio. International Grp Incorporated has 26,035 shares for 0% of their US portfolio. Kings Point Cap Mngmt has 15,950 shares for 0.08% of their US portfolio. First Advisors Limited Partnership has 0.01% invested in the company for 129,003 shares. Thompson Davis Inc reported 394 shares or 0.01% of all its holdings. Southernsun Asset Management Llc, a Tennessee-based fund reported 1.43 million shares.

Aegion Corporation is engaged in providing infrastructure protection and maintenance. The company has a market cap of $873.66 million. The Firm is engaged in providing technologies and services to protect against the corrosion of industrial pipelines, and rehabilitate and strengthen water, wastewater, energy and mining piping systems and buildings, bridges, tunnels and waterfront structures. It currently has negative earnings. It operates through three divisions: Infrastructure Solutions, Corrosion Protection and Energy Services.

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.”

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.

More news for Aegion Corp (NASDAQ:AEGN) were recently published by: Marketwatch.com, which released: “Aegion upgraded to buy from neutral at Hilliard Lyons” on April 22, 2011. Quotes.Wsj.com‘s article titled: “News Aegion Corp.AEGN” and published on October 26, 2011 is yet another important article.

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