Price Action To Observe: Could Aegion Corp See a Reversal After Breaking Its 52-Week High?

Price Action To Observe: Could Aegion Corp See a Reversal After Breaking Its 52 Week High?

The stock of Aegion Corp (NASDAQ:AEGN) hit a new 52-week high and has $26.59 target or 5.00% above today’s $25.32 share price. The 5 months bullish chart indicates low risk for the $905.66 million company. The 1-year high was reported on Nov, 23 by Barchart.com. If the $26.59 price target is reached, the company will be worth $45.28 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 99,881 shares traded hands. Aegion Corp (NASDAQ:AEGN) has risen 20.26% since April 21, 2016 and is uptrending. It has outperformed by 14.93% the S&P500.

Analysts await Aegion Corp (NASDAQ:AEGN) to report earnings on March, 6. They expect $0.44 earnings per share, up 22.22% or $0.08 from last year’s $0.36 per share. AEGN’s profit will be $15.74M for 14.39 P/E if the $0.44 EPS becomes a reality. After $0.32 actual earnings per share reported by Aegion Corp for the previous quarter, Wall Street now forecasts 37.50% EPS growth.

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 downgraded the shares of AEGN in a report on Friday, March 11 to “Neutral” rating. The firm has “Hold” rating by Stifel Nicolaus given on Tuesday, January 5. Sidoti upgraded the shares of AEGN in a report on Tuesday, November 22 to “Buy” rating. Sidoti initiated the stock with “Neutral” rating in Monday, June 27 report. The stock has “Buy” rating given by Sidoti on Tuesday, January 19.

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 increased to 1.11 in Q2 2016. Its up 0.23, from 0.88 in 2016Q1. The ratio improved, 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.
Aperio Gp Limited Co has 0% invested in the company for 22,667 shares. Nationwide Fund last reported 31,217 shares in the company. Louisiana State Employees Retirement System, a Louisiana-based fund reported 15,500 shares. Alpha Windward Limited Com holds 0.29% or 20,820 shares in its portfolio. Gotham Asset Management Lc reported 206,599 shares or 0.05% of all its holdings. Deutsche Commercial Bank Ag reported 178,495 shares or 0% of all its holdings. Bnp Paribas Arbitrage owns 11,785 shares or 0% of their US portfolio. Blackrock Limited Liability Com has 0% invested in the company for 17,306 shares. Tiaa Cref Mgmt Limited Liability, a New York-based fund reported 182,496 shares. Thrivent Finance For Lutherans has 0.02% invested in the company for 235,053 shares. Gemmer Asset Management Limited Liability Company accumulated 169 shares or 0% of the stock. The Illinois-based Guggenheim Cap Limited Liability Co has invested 0.01% in Aegion Corp (NASDAQ:AEGN). Thompson Rubinstein Invest Mngmt Or last reported 207,288 shares in the company. Security Commercial Bank Of Sioux City Iowa Ia owns 63,684 shares or 1.41% of their US portfolio. Gsa Prns Limited Liability Partnership has 0.02% invested in the company for 17,942 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. Quotes.Wsj.com‘s article titled: “News Aegion Corp.AEGN” and published on October 26, 2011 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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