AECOM (ACM) Rating Reiterated by Citigroup Inc
AECOM (NYSE:ACM)‘s stock had its “buy” rating reiterated by equities researchers at Citigroup Inc in a report released on Tuesday. They currently have a $40.00 price target on the construction company’s stock, down from their previous price target of $45.00. Citigroup Inc’s price target points to a potential upside of 23.11% from the company’s current price.
Several other brokerages have also issued reports on ACM. Argus reduced their price target on AECOM from $43.00 to $33.00 and set a “buy” rating for the company in a report on Friday, June 2nd. UBS Group AG set a $38.00 price target on AECOM and gave the company a “buy” rating in a report on Monday, June 26th. Credit Suisse Group reiterated a “buy” rating and set a $44.00 price target on shares of AECOM in a report on Thursday, June 29th. Zacks Investment Research upgraded AECOM from a “hold” rating to a “buy” rating and set a $37.00 price target for the company in a report on Tuesday, April 18th. Finally, Deutsche Bank AG reiterated a “hold” rating and set a $38.00 price target (down from $41.00) on shares of AECOM in a report on Saturday, April 22nd. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $36.00.
AECOM (NYSE ACM) traded down 1.01% on Tuesday, reaching $32.49. 1,044,359 shares of the company traded hands. AECOM has a 52-week low of $26.46 and a 52-week high of $40.72. The firm has a 50 day moving average price of $32.56 and a 200 day moving average price of $35.16. The stock has a market capitalization of $5.06 billion, a price-to-earnings ratio of 22.88 and a beta of 1.75.
AECOM (NYSE:ACM) last announced its quarterly earnings results on Tuesday, May 9th. The construction company reported $0.89 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.34. The business had revenue of $4.43 billion during the quarter, compared to analyst estimates of $4.47 billion. AECOM had a return on equity of 12.40% and a net margin of 1.28%. The firm’s revenue was up 1.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.87 EPS. Equities research analysts predict that AECOM will post $2.95 EPS for the current year.
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A number of large investors have recently bought and sold shares of the company. First United Bank Trust raised its stake in AECOM by 0.7% in the second quarter. First United Bank Trust now owns 6,770 shares of the construction company’s stock valued at $219,000 after buying an additional 50 shares during the period. Bronfman E.L. Rothschild L.P. raised its stake in AECOM by 1.9% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 7,239 shares of the construction company’s stock valued at $258,000 after buying an additional 133 shares during the period. Nomura Asset Management Co. Ltd. raised its stake in AECOM by 4.9% in the first quarter. Nomura Asset Management Co. Ltd. now owns 3,410 shares of the construction company’s stock valued at $122,000 after buying an additional 160 shares during the period. Northwestern Mutual Investment Management Company LLC raised its stake in AECOM by 0.9% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 26,766 shares of the construction company’s stock valued at $953,000 after buying an additional 235 shares during the period. Finally, World Asset Management Inc raised its stake in AECOM by 2.6% in the first quarter. World Asset Management Inc now owns 10,764 shares of the construction company’s stock valued at $383,000 after buying an additional 270 shares during the period. Hedge funds and other institutional investors own 82.48% of the company’s stock.
AECOM Company Profile
AECOM is engaged in designing, building, financing and operating infrastructure assets for governments, businesses and organizations. The Company’s segments include design and consulting services (DCS), construction services (CS) and management services (MS). Its DCS segment is engaged in planning, consulting, architectural and engineering design services to commercial and government clients in major end markets, such as transportation, facilities, environmental, energy, water and government.
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