AECOM (NYSE:ACM) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Friday.

According to Zacks, “AECOM has been suffering on account of uncertainties surrounding the Trump administration’s infrastructure spending plans. Concerns about economic growth are also hurting the company’s prospects. AECOM’s shares have underperformed the Zacks categorized Engineering/R&D Services industry average. Over the past one year, AECOM’s shares have underperformed the Zacks categorized Engineering/R&D Services industry average. Volatility in the oil and gas market, with declining prices and contracting spending levels, has been restraining the company’s projects and orders. Moreover, cyclical demand of the company’s services and currency fluctuations are likely to thwart growth, going forward. On the positive side, the company remains optimistic that favorable political climate will eventually drive solid growth of the infrastructure and defense markets globally.”

Other research analysts also recently issued reports about the company. Argus dropped their price target on AECOM from $43.00 to $33.00 and set a “buy” rating for the company in a research note on Friday, June 2nd. UBS AG set a $38.00 target price on AECOM and gave the company a “buy” rating in a research report on Monday, June 26th. Credit Suisse Group reiterated a “buy” rating and set a $44.00 target price on shares of AECOM in a research report on Thursday, June 29th. Citigroup Inc. reiterated a “buy” rating and set a $40.00 target price (down from $45.00) on shares of AECOM in a research report on Tuesday. Finally, Deutsche Bank AG reiterated a “hold” rating and set a $38.00 target price (down from $41.00) on shares of AECOM in a research report on Saturday, April 22nd. Two research analysts have rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $36.00.

AECOM (NYSE ACM) traded down 0.12% during trading on Friday, hitting $32.23. 20,580 shares of the stock were exchanged. The firm has a market capitalization of $5.02 billion, a price-to-earnings ratio of 22.70 and a beta of 1.75. AECOM has a 1-year low of $26.46 and a 1-year high of $40.72. The company has a 50-day moving average price of $32.61 and a 200 day moving average price of $34.63.

AECOM (NYSE:ACM) last released its earnings results on Tuesday, May 9th. The construction company reported $0.89 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.34. The company had revenue of $4.43 billion during the quarter, compared to analyst estimates of $4.47 billion. AECOM had a net margin of 1.28% and a return on equity of 12.40%. The firm’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.87 EPS. Equities analysts predict that AECOM will post $2.95 earnings per share for the current fiscal year.

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A number of hedge funds have recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC raised its stake in AECOM by 4.1% in the first quarter. Nisa Investment Advisors LLC now owns 63,249 shares of the construction company’s stock worth $2,251,000 after buying an additional 2,500 shares during the last quarter. Telemus Capital LLC raised its stake in AECOM by 22.1% in the first quarter. Telemus Capital LLC now owns 9,105 shares of the construction company’s stock worth $324,000 after buying an additional 1,645 shares during the last quarter. Reilly Financial Advisors LLC raised its stake in AECOM by 6.2% in the first quarter. Reilly Financial Advisors LLC now owns 202,023 shares of the construction company’s stock worth $7,190,000 after buying an additional 11,840 shares during the last quarter. First United Bank Trust acquired a new stake in AECOM during the first quarter worth $239,000. Finally, Louisiana State Employees Retirement System raised its stake in AECOM by 2.9% in the first quarter. Louisiana State Employees Retirement System now owns 39,200 shares of the construction company’s stock worth $1,395,000 after buying an additional 1,100 shares during the last quarter. Institutional investors and hedge funds 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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