AECOM Technology Corp Sees Significant Increase in Short Interest (ACM)
Shares of AECOM Technology Corp (NYSE:ACM) were the recipient of a significant growth in short interest during the month of July. As of July 31st, there was short interest totalling 7,437,325 shares, a growth of 337.9% from the July 15th total of 1,698,494 shares, AnalystRatings.NET reports. Based on an average trading volume of 1,834,570 shares, the short-interest ratio is presently 4.1 days. Currently, 8.3% of the shares of the company are short sold.
In other AECOM Technology Corp news, Chairman John M. Dionisio sold 20,000 shares of AECOM Technology Corp stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $33.95, for a total value of $679,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on ACM shares. Analysts at Argus raised their price target on shares of AECOM Technology Corp from $38.00 to $41.00 in a research note on Wednesday. They now have a “buy” rating on the stock. Separately, analysts at Bank of America reiterated a “buy” rating on shares of AECOM Technology Corp in a research note on Tuesday. Finally, analysts at Bank of America reiterated a “buy” rating on shares of AECOM Technology Corp in a research note on Friday, July 25th. They now have a $46.00 price target on the stock, up previously from $35.00. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $37.36.
AECOM Technology Corp (NYSE:ACM) opened at 36.13 on Friday. 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 $34.04 and its 200-day moving average is $32.18. The company has a market cap of $3.594 billion and a price-to-earnings ratio of 14.69.
AECOM Technology Corp (NYSE:ACM) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.70 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.70 earnings per share. AECOM Technology Corp’s revenue was down 4.8% compared to the same quarter last year. On average, analysts predict that AECOM Technology Corp will post $2.52 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.
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