Maxim Group analyst Tate Sullivan initiated coverage with a Hold rating on Aegion (AEGN) today and set a price target of $18. The company’s shares opened today at $17.63.
Sullivan wrote:
“Based on a risk of more costs from Aegion’s current restructuring effort and ahead of potential progress selling more drinking water pipe products, we initiate coverage of Aegion with a Hold rating.”
Sullivan has an average return of 7.9% when recommending Aegion.
According to TipRanks.com, Sullivan is ranked #3633 out of 5120 analysts.
Aegion has an analyst consensus of Hold, with a price target consensus of $23.
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The company has a one-year high of $26.80 and a one-year low of $15.12. Currently, Aegion has an average volume of 181.7K.
Based on the recent corporate insider activity of 33 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of AEGN in relation to earlier this year.
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Aegion Corp. engages in the provision of infrastructure protection, maintenance, and rehabilitation. It operates through the following segments: Infrastructure Solutions, Corrosion Protection and Energy Services. The Infrastructure Solutions segment focuses on the municipal water and wastewater pipeline sector.
