Stock Worth Watching: Could Aegion Corp Lose its Strength? The Stock Reaches 52-Week High

Stock Worth Watching: Could Aegion Corp Lose its Strength? The Stock Reaches 52 Week High

The stock of Aegion Corp (NASDAQ:AEGN) hit a new 52-week high and has $39.35 target or 63.00% above today’s $24.14 share price. The 8 months bullish chart indicates low risk for the $822.58 million company. The 1-year high was reported on Nov, 17 by Barchart.com. If the $39.35 price target is reached, the company will be worth $518.23 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 42,414 shares traded hands. Aegion Corp (NASDAQ:AEGN) has risen 13.26% since April 15, 2016 and is uptrending. It has outperformed by 8.63% 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. Sidoti initiated Aegion Corp (NASDAQ:AEGN) on Tuesday, January 19 with “Buy” rating. As per Monday, June 27, the company rating was initiated by Sidoti. The firm has “Neutral” rating given on Friday, March 11 by Sidoti. The firm has “Hold” rating given on Tuesday, January 5 by Stifel Nicolaus.

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 Q2 2016. Its down 0.33, from 1.21 in 2016Q1. The ratio fall, 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.
State Board Of Administration Of Florida Retirement Sys holds 43,096 shares or 0% of its portfolio. Swiss Bancshares accumulated 0% or 60,100 shares. Kings Point Cap Mngmt accumulated 15,950 shares or 0.08% of the stock. Panagora Asset Mgmt Incorporated owns 667,326 shares or 0.06% of their US portfolio. Savings Bank Of Montreal Can, a Ontario – Canada-based fund reported 95,287 shares. The Florida-based Ladenburg Thalmann Fincl Services Inc has invested 0% in Aegion Corp (NASDAQ:AEGN). Voya Inv Management Ltd Limited Liability Company reported 35,709 shares or 0% of all its holdings. First Wilshire Secs Mngmt holds 400,104 shares or 2.51% of its portfolio. Security Bankshares Of So Dak, a Iowa-based fund reported 43,782 shares. Systematic Mngmt L P has 79,280 shares for 0.02% of their US portfolio. Thrivent Fincl For Lutherans owns 235,053 shares or 0.02% of their US portfolio. Highbridge Cap Mgmt Limited Liability holds 0.01% or 35,001 shares in its portfolio. Art Ltd Liability Co last reported 19,530 shares in the company. Paloma Ptnrs Mngmt holds 15,523 shares or 0% of its portfolio. Wellington Group Inc Ltd Liability Partnership has 0% invested in the company for 49,024 shares.

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. Businesswire.com‘s article titled: “Aegion Corporation Announces Several Actions to Enhance Future Growth” and published on January 05, 2016 is yet another important article.

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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