Argus Increases AECOM Technology Corp Price Target to $41.00 (ACM)
Investment analysts at Argus increased their target price on shares of AECOM Technology Corp (NYSE:ACM) from $38.00 to $41.00 in a note issued to investors on Wednesday. The firm currently has a “buy” rating on the stock. Argus’ price objective indicates a potential upside of 16.88% from the company’s current price.
In other AECOM Technology Corp news, Chairman John M. Dionisio sold 20,000 shares of AECOM Technology Corp stock on the open market in a transaction dated Friday, August 1st. The stock was sold at an average price of $33.95, for a total transaction of $679,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
A number of other firms have also recently commented on ACM. Analysts at Bank of America reiterated a “buy” rating on shares of AECOM Technology Corp in a research note on Tuesday. Finally, 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. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. AECOM Technology Corp has a consensus rating of “Hold” and a consensus target price of $37.36.
Shares of AECOM Technology Corp (NYSE:ACM) opened at 35.08 on Wednesday. AECOM Technology Corp has a one year low of $27.35 and a one year high of $37.00. The stock’s 50-day moving average is $33.80 and its 200-day moving average is $32.12. The company has a market cap of $3.490 billion and a P/E ratio of 14.14. AECOM Technology Corp also was the target of a significant increase in short interest in 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 sold short. Based on an average daily volume of 1,834,570 shares, the short-interest ratio is presently 4.1 days.
AECOM Technology Corp (NYSE:ACM) last announced its earnings results 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. Analysts expect that AECOM Technology Corp will post $2.52 EPS 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.
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