AECOM Technology Corp Receives Consensus Rating of “Hold” from Brokerages (NYSE:ACM)
Shares of AECOM Technology Corp (NYSE:ACM) have received an average rating of “Hold” from the ten analysts that are currently covering the stock, AR Network reports. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $37.56.
Shares of AECOM Technology Corp (NYSE:ACM) opened at 37.57 on Wednesday. AECOM Technology Corp has a one year low of $27.35 and a one year high of $38.24. The stock’s 50-day moving average is $35.75 and its 200-day moving average is $32.99. The company has a market cap of $3.737 billion and a P/E ratio of 15.22.
AECOM Technology Corp (NYSE:ACM) last released its earnings data on Tuesday, August 5th. The company reported $0.70 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.70 earnings per share. The company’s revenue for the quarter 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.
ACM has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of AECOM Technology Corp in a research note on Monday, August 25th. They now have a $39.00 price target on the stock. Separately, analysts at Standpoint Research downgraded shares of AECOM Technology Corp from a “buy” rating to a “hold” rating in a research note on Wednesday, August 20th. Finally, 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.
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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