AECOM Technology Corp. Rating Lowered to Hold at Jefferson Research (ACM)
AECOM Technology Corp. (NYSE:ACM) was downgraded by investment analysts at Jefferson Research from a “buy” rating to a “hold” rating in a note issued to investors on Friday, American Banking News.com reports.
In other AECOM Technology Corp. news, CEO John Dionisio sold 15,482 shares of the stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $29.16, for a total transaction of $451,455.12. Following the completion of the sale, the chief executive officer now directly owns 240,158 shares of the company’s stock, valued at approximately $7,003,007. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Several other analysts have also recently commented on the stock. Analysts at KeyCorp downgraded shares of AECOM Technology Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, January 16th. They now have a $32.50 price target on the stock. Separately, analysts at Zacks reiterated an “underperform” rating on shares of AECOM Technology Corp. in a research note on Friday, December 27th. They now have a $27.00 price target on the stock. Finally, analysts at Zacks downgraded shares of AECOM Technology Corp. from a “neutral” rating to an “underperform” rating in a research note on Friday, November 29th. They now have a $27.70 price target on the stock. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $31.92.
AECOM Technology Corp. (NYSE:ACM) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.58 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.36 by $0.22. The company had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $2.00 billion. During the same quarter last year, the company posted $0.36 earnings per share. AECOM Technology Corp.’s revenue was down 3.1% compared to the same quarter last year.
AECOM Technology Corporation (NYSE:ACM) is a provider of professional technical and management support services for commercial and government clients around the world.
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