AECOM (ACM) Given “Hold” Rating at Canaccord Genuity
AECOM (NYSE:ACM)‘s stock had its “hold” rating reissued by stock analysts at Canaccord Genuity in a note issued to investors on Tuesday. They currently have a $36.00 price objective on the construction company’s stock. Canaccord Genuity’s price objective would suggest a potential upside of 6.35% from the stock’s current price.
ACM has been the subject of several other reports. Credit Suisse Group reiterated a “buy” rating and set a $44.00 target price on shares of AECOM in a research note on Thursday, June 29th. Robert W. Baird cut shares of AECOM from an “outperform” rating to a “neutral” rating and set a $4.00 target price for the company. in a research note on Tuesday, July 4th. Argus cut their target price on shares of AECOM from $43.00 to $33.00 and set a “buy” rating for the company in a research note on Friday, June 2nd. 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 note on Saturday, April 22nd. Finally, Zacks Investment Research cut shares of AECOM from a “hold” rating to a “sell” rating in a research note on Friday, July 21st. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $35.10.
AECOM (ACM) traded up 8.04% during midday trading on Tuesday, reaching $33.85. 2,377,023 shares of the company traded hands. AECOM has a 12 month low of $26.46 and a 12 month high of $40.72. The stock has a market capitalization of $5.27 billion, a price-to-earnings ratio of 23.84 and a beta of 1.75. The firm has a 50 day moving average of $32.23 and a 200-day moving average of $34.26.
AECOM (NYSE:ACM) last posted its quarterly earnings data on Tuesday, August 8th. The construction company reported $0.78 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.78. The business had revenue of $4.56 billion during the quarter, compared to the consensus estimate of $4.54 billion. AECOM had a net margin of 1.28% and a return on equity of 12.40%. AECOM’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.81 EPS. Analysts forecast that AECOM will post $2.95 EPS for the current fiscal year.
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Institutional investors have recently made changes to their positions in the stock. Principal Financial Group Inc. boosted its position in shares of AECOM by 3.3% in the second quarter. Principal Financial Group Inc. now owns 658,135 shares of the construction company’s stock worth $21,277,000 after buying an additional 20,953 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of AECOM by 12.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,359 shares of the construction company’s stock worth $173,000 after buying an additional 576 shares in the last quarter. Utah Retirement Systems boosted its position in shares of AECOM by 2.2% in the second quarter. Utah Retirement Systems now owns 28,329 shares of the construction company’s stock worth $916,000 after buying an additional 600 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of AECOM by 21.2% in the second quarter. Victory Capital Management Inc. now owns 26,313 shares of the construction company’s stock worth $851,000 after buying an additional 4,611 shares in the last quarter. Finally, GAM Holding AG acquired a new position in shares of AECOM during the second quarter worth about $194,000. Institutional investors own 82.80% 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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