Standpoint Research Lowers AECOM Technology Corp to Hold (ACM)
AECOM Technology Corp (NYSE:ACM) was downgraded by investment analysts at Standpoint Research from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday, TheFlyOnTheWall.com reports.
AECOM Technology Corp (NYSE:ACM) traded up 0.08% during mid-day trading on Wednesday, hitting $37.33. 392,506 shares of the company’s stock traded hands. AECOM Technology Corp has a one year low of $27.35 and a one year high of $37.59. The stock’s 50-day moving average is $34.47 and its 200-day moving average is $32.40. The company has a market cap of $3.714 billion and a P/E ratio of 15.11.
AECOM Technology Corp (NYSE:ACM) last released its 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 firms have also recently commented on ACM. 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, August 13th. 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, August 12th. 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. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. AECOM Technology Corp currently has a consensus rating of “Hold” and an average price target of $37.36.
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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