ValuEngine upgraded shares of Aecom (NYSE:ACM) from a sell rating to a hold rating in a report issued on Wednesday.
ACM has been the subject of several other reports. Credit Suisse Group dropped their target price on shares of Aecom from $36.00 to $30.00 and set a neutral rating for the company in a research report on Tuesday, November 13th. Zacks Investment Research raised shares of Aecom from a strong sell rating to a hold rating in a research report on Monday, January 14th. UBS Group set a $40.00 target price on shares of Aecom and gave the stock a buy rating in a research report on Tuesday, November 13th. KeyCorp set a $35.00 target price on shares of Aecom and gave the stock a buy rating in a research report on Tuesday, January 29th. Finally, Barclays set a $30.00 price target on shares of Aecom and gave the company a sell rating in a research report on Tuesday, November 13th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company’s stock. Aecom presently has a consensus rating of Hold and an average price target of $35.75.
Shares of ACM opened at $30.98 on Wednesday. The firm has a market cap of $4.76 billion, a price-to-earnings ratio of 11.56, a PEG ratio of 1.28 and a beta of 1.75. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.20 and a quick ratio of 1.20. Aecom has a twelve month low of $24.83 and a twelve month high of $37.53.
Aecom (NYSE:ACM) last announced its quarterly earnings results on Tuesday, February 5th. The construction company reported $0.56 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.04. Aecom had a net margin of 0.38% and a return on equity of 10.15%. The business had revenue of $5.04 billion during the quarter, compared to analysts’ expectations of $4.97 billion. During the same quarter in the prior year, the company posted $0.57 EPS. The firm’s revenue for the quarter was up 2.6% compared to the same quarter last year. As a group, equities research analysts forecast that Aecom will post 2.75 EPS for the current fiscal year.
In related news, EVP Carla J. Christofferson sold 15,756 shares of Aecom stock in a transaction dated Tuesday, December 18th. The shares were sold at an average price of $27.62, for a total transaction of $435,180.72. Following the completion of the transaction, the executive vice president now directly owns 18,203 shares of the company’s stock, valued at approximately $502,766.86. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 1.26% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the stock. NumerixS Investment Technologies Inc bought a new stake in shares of Aecom in the fourth quarter worth approximately $26,000. Oregon Public Employees Retirement Fund grew its stake in shares of Aecom by 2,617.8% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,705,832 shares of the construction company’s stock worth $64,000 after acquiring an additional 1,643,066 shares during the period. Oppenheimer Asset Management Inc. bought a new stake in shares of Aecom in the fourth quarter worth approximately $146,000. Jane Street Group LLC bought a new stake in shares of Aecom in the fourth quarter worth approximately $203,000. Finally, Parametrica Management Ltd bought a new stake in shares of Aecom in the fourth quarter worth approximately $228,000. 89.30% of the stock is owned by institutional investors.
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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