Canaccord Genuity reiterated their hold rating on shares of AECOM (NYSE:ACM) in a research report sent to investors on Tuesday. They currently have a $36.00 target price on the construction company’s stock.
A number of other research analysts have also recently issued reports on the company. Credit Suisse Group cut AECOM from an outperform rating to a neutral rating and cut their price objective for the company from $44.00 to $37.00 in a report on Monday, July 24th. Zacks Investment Research cut AECOM from a hold rating to a sell rating in a report on Friday, July 21st. Citigroup Inc. reissued a buy rating and set a $40.00 price objective (down from $45.00) on shares of AECOM in a report on Tuesday, July 18th. Robert W. Baird cut AECOM from an outperform rating to a neutral rating and set a $4.00 price objective for the company. in a report on Tuesday, July 4th. Finally, UBS AG set a $38.00 price objective on AECOM and gave the company a buy rating in a report on Monday, June 26th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and an average price target of $35.10.
AECOM (ACM) traded up 0.94% during trading on Tuesday, hitting $32.26. 1,069,501 shares of the stock traded hands. The stock has a market cap of $5.06 billion, a PE ratio of 19.76 and a beta of 1.75. The company has a 50-day moving average price of $32.24 and a 200 day moving average price of $34.15. AECOM has a one year low of $26.46 and a one year high of $40.72.
AECOM (NYSE:ACM) last issued its quarterly earnings data on Tuesday, August 8th. The construction company reported $0.78 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.78. The company had revenue of $4.56 billion during the quarter, compared to analysts’ expectations of $4.54 billion. AECOM had a return on equity of 12.19% and a net margin of 1.46%. The business’s revenue was up 3.5% on a year-over-year basis. During the same period last year, the business earned $0.81 earnings per share. Analysts expect that AECOM will post $2.92 earnings per share for the current year.
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Hedge funds have recently made changes to their positions in the stock. Macquarie Group Ltd. raised its stake in shares of AECOM by 2.0% in the fourth quarter. Macquarie Group Ltd. now owns 225,034 shares of the construction company’s stock worth $8,182,000 after buying an additional 4,350 shares during the period. Bank of Montreal Can raised its stake 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 worth $1,069,000 after buying an additional 3,255 shares during the period. Fox Run Management L.L.C. raised its stake in shares of AECOM by 54.7% in the first quarter. Fox Run Management L.L.C. now owns 22,900 shares of the construction company’s stock worth $815,000 after buying an additional 8,100 shares during the period. Louisiana State Employees Retirement System raised its stake in shares of AECOM by 2.9% in the first quarter. Louisiana State Employees Retirement System now owns 39,200 shares of the construction company’s stock worth $1,395,000 after buying an additional 1,100 shares during the period. Finally, First United Bank Trust acquired a new stake in shares of AECOM during the first quarter worth $239,000. Institutional investors 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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