AECOM Technology Corp’s “Buy” Rating Reaffirmed at Bank of America (ACM)
In other AECOM Technology Corp news, Chairman John M. Dionisio sold 20,000 shares of the company’s stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $33.95, for a total value of $679,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
AECOM Technology Corp (NYSE:ACM) opened at 34.90 on Tuesday. AECOM Technology Corp has a 1-year low of $27.35 and a 1-year high of $37.00. The stock’s 50-day moving average is $33.73 and its 200-day moving average is $32.08. The company has a market cap of $3.472 billion and a P/E ratio of 14.14. AECOM Technology Corp also was the target of a significant increase in short interest during the month of July. As of July 31st, there was short interest totalling 7,437,325 shares, an increase of 337.9% from the July 15th total of 1,698,494 shares. Approximately 8.3% of the shares of the company are short sold. Based on an average trading volume of 1,834,570 shares, the short-interest ratio is currently 4.1 days.
AECOM Technology Corp (NYSE:ACM) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.70 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.64 by $0.06. The company had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter in the prior year, the company posted $0.70 earnings per share. The company’s quarterly revenue was down 4.8% on a year-over-year basis. On average, analysts predict that AECOM Technology Corp will post $2.52 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on ACM. Analysts at Barclays raised their price target on shares of AECOM Technology Corp from $35.00 to $40.00 in a research note on Thursday, July 17th. They now have an “equal weight” rating on the stock. Separately, analysts at DA Davidson raised their price target on shares of AECOM Technology Corp from $35.00 to $38.00 in a research note on Tuesday, July 15th. They now have a “neutral” rating on the stock. Finally, analysts at BB&T Corp. upgraded shares of AECOM Technology Corp from a “hold” rating to a “buy” rating in a research note on Monday, July 14th. They now have a $40.00 price target on the stock. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $36.93.
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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