AECOM Technology Corp. Rating Lowered to Neutral at DA Davidson (ACM)
AECOM Technology Corp. (NYSE:ACM) was downgraded by stock analysts at DA Davidson from a “buy” rating to a “neutral” rating in a report issued on Friday, TheFlyOnTheWall.com reports. They currently have a $35.00 price objective on the stock. DA Davidson’s price objective points to a potential upside of 6.58% from the company’s current price.
ACM has been the subject of a number of other recent research reports. Analysts at Zacks upgraded shares of AECOM Technology Corp. from an “underperform” rating to a “neutral” rating in a research note on Thursday, March 13th. They now have a $33.00 price target 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. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $33.21.
In other AECOM Technology Corp. news, Insider Frederick Werner unloaded 16,286 shares of AECOM Technology Corp. stock on the open market in a transaction dated Friday, April 4th. The shares were sold at an average price of $32.90, for a total transaction of $535,809.40. Following the sale, the insider now directly owns 52,649 shares in the company, valued at approximately $1,732,152. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of AECOM Technology Corp. (NYSE:ACM) opened at 32.84 on Friday. AECOM Technology Corp. has a 52-week low of $27.35 and a 52-week high of $35.24. The stock’s 50-day moving average is $31.72 and its 200-day moving average is $30.51. The company has a market cap of $3.253 billion and a price-to-earnings ratio of 12.81.
AECOM Technology Corp. (NYSE:ACM) last announced its earnings results on Tuesday, February 4th. The company reported $0.58 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.36 earnings per share. The company’s revenue for the quarter was down 3.1% on a year-over-year basis. On average, analysts predict that AECOM Technology Corp. will post $2.57 earnings per share for the current fiscal year.
AECOM Technology Corporation (NYSE:ACM) is a provider of professional technical and management support services for commercial and government clients around the world.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.