Bank of America upgraded shares of Aecom (NYSE:ACM) from a neutral rating to a buy rating in a report issued on Monday, The Fly reports. They currently have $45.00 price target on the construction company’s stock, up from their previous price target of $37.00.
A number of other analysts also recently commented on the company. Barclays raised Aecom from an underweight rating to an overweight rating and boosted their price objective for the stock from $30.00 to $38.00 in a research note on Monday, August 19th. Deutsche Bank boosted their target price on Aecom from $34.00 to $38.00 and gave the stock a hold rating in a research report on Tuesday, June 18th. Credit Suisse Group boosted their target price on Aecom from $32.00 to $39.00 and gave the stock a neutral rating in a research report on Tuesday, June 18th. Argus raised Aecom from a hold rating to a buy rating and set a $44.00 target price on the stock in a research report on Friday, September 20th. Finally, ValuEngine lowered Aecom from a buy rating to a hold rating in a research report on Thursday, August 1st. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock presently has a consensus rating of Buy and an average price target of $41.00.
ACM stock traded down $0.01 during trading on Monday, reaching $39.49. 5,906 shares of the company’s stock were exchanged, compared to its average volume of 916,514. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.81. Aecom has a 1-year low of $24.83 and a 1-year high of $40.25. The company’s fifty day moving average price is $36.85 and its 200-day moving average price is $34.68. The firm has a market cap of $5.86 billion, a PE ratio of 14.74, a P/E/G ratio of 1.23 and a beta of 1.72.
Aecom (NYSE:ACM) last posted its quarterly earnings data on Tuesday, August 6th. The construction company reported $0.72 EPS for the quarter, missing the Zacks’ consensus estimate of $0.74 by ($0.02). Aecom had a return on equity of 10.27% and a net margin of 1.46%. The firm had revenue of $4.98 billion during the quarter, compared to the consensus estimate of $5.25 billion. During the same period in the prior year, the firm posted $0.62 EPS. The firm’s quarterly revenue was down 3.3% on a year-over-year basis. As a group, sell-side analysts expect that Aecom will post 2.77 earnings per share for the current fiscal year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Starboard Value LP acquired a new position in shares of Aecom during the 2nd quarter valued at about $166,567,000. Bank of America Corp DE raised its holdings in shares of Aecom by 176.5% during the 2nd quarter. Bank of America Corp DE now owns 2,146,595 shares of the construction company’s stock valued at $81,248,000 after buying an additional 1,370,166 shares during the period. Nuveen Asset Management LLC raised its holdings in shares of Aecom by 2,204.5% during the 2nd quarter. Nuveen Asset Management LLC now owns 1,106,176 shares of the construction company’s stock valued at $41,868,000 after buying an additional 1,058,176 shares during the period. Renaissance Technologies LLC raised its holdings in shares of Aecom by 140.0% during the 2nd quarter. Renaissance Technologies LLC now owns 980,177 shares of the construction company’s stock valued at $37,100,000 after buying an additional 571,777 shares during the period. Finally, Morgan Stanley raised its holdings in shares of Aecom by 302.4% during the 2nd quarter. Morgan Stanley now owns 341,062 shares of the construction company’s stock valued at $12,909,000 after buying an additional 256,296 shares during the period. Institutional investors own 87.27% of the company’s stock.
Aecom Company Profile
AECOM, together with its subsidiaries, engages in designing, building, financing, and operating infrastructure assets worldwide. It operates through four segments: Design and Consulting Services (DCS), Construction Services (CS), Management Services (MS), and AECOM Capital (ACAP). The DCS segment offers planning, consulting, architectural and engineering design, program management, and construction management services for industrial, commercial, institutional, and government clients, including the transportation, facilities, environmental, energy, and water markets.
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