AECOM (NYSE:ACM)‘s stock had its “hold” rating restated by investment analysts at Credit Suisse Group in a report released on Thursday. They presently have a $37.00 price objective on the construction company’s stock. Credit Suisse Group’s target price would suggest a potential upside of 12.09% from the stock’s previous close.
ACM has been the topic of several other reports. Robert W. Baird downgraded AECOM from an “outperform” rating to a “neutral” rating and set a $4.00 price objective on the stock. in a report on Tuesday, July 4th. Argus reduced their price objective on AECOM from $43.00 to $33.00 and set a “buy” rating on the stock in a report on Friday, June 2nd. Deutsche Bank AG restated a “hold” rating and set a $38.00 price objective (down from $41.00) on shares of AECOM in a report on Saturday, April 22nd. Zacks Investment Research downgraded AECOM from a “hold” rating to a “sell” rating in a report on Friday, July 21st. Finally, BidaskClub downgraded AECOM from a “sell” rating to a “strong sell” rating in a report on Tuesday, June 20th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $35.10.
AECOM (NYSE ACM) traded down 2.6468% during mid-day trading on Thursday, reaching $32.1363. The company had a trading volume of 642,628 shares. The firm has a 50-day moving average of $32.24 and a 200 day moving average of $34.19. AECOM has a 1-year low of $26.46 and a 1-year high of $40.72. The company has a market capitalization of $5.00 billion, a PE ratio of 19.6793 and a beta of 1.75.
AECOM (NYSE:ACM) last issued its quarterly earnings results on Tuesday, August 8th. The construction company reported $0.78 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.78. AECOM had a return on equity of 12.44% and a net margin of 1.46%. The firm had revenue of $4.56 billion during the quarter, compared to analyst estimates of $4.54 billion. During the same period last year, the company earned $0.81 EPS. AECOM’s quarterly revenue was up 3.5% compared to the same quarter last year. On average, analysts predict that AECOM will post $2.92 earnings per share for the current fiscal year.
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Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Menora Mivtachim Holdings LTD. increased its position in shares of AECOM by 56.5% in the first quarter. Menora Mivtachim Holdings LTD. now owns 466,500 shares of the construction company’s stock valued at $16,603,000 after buying an additional 168,500 shares during the period. Bronfman E.L. Rothschild L.P. increased its position in shares of AECOM by 1.9% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 7,239 shares of the construction company’s stock valued at $258,000 after buying an additional 133 shares during the period. DUPONT CAPITAL MANAGEMENT Corp increased its position in shares of AECOM by 78.0% in the first quarter. DUPONT CAPITAL MANAGEMENT Corp now owns 88,900 shares of the construction company’s stock valued at $3,164,000 after buying an additional 38,970 shares during the period. Bank of Montreal Can increased its position in shares of AECOM by 12.2% in the first quarter. Bank of Montreal Can now owns 30,036 shares of the construction company’s stock valued at $1,069,000 after buying an additional 3,255 shares during the period. Finally, Prudential Financial Inc. increased its position in shares of AECOM by 107.8% in the first quarter. Prudential Financial Inc. now owns 974,764 shares of the construction company’s stock valued at $34,692,000 after buying an additional 505,728 shares during the period. Institutional investors and hedge funds own 82.80% of the company’s stock.
AECOM is engaged in designing, building, financing and operating infrastructure assets for governments, businesses and organizations. The Company’s segments include design and consulting services (DCS), construction services (CS) and management services (MS). Its DCS segment is engaged in planning, consulting, architectural and engineering design services to commercial and government clients in major end markets, such as transportation, facilities, environmental, energy, water and government.
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