AECOM (ACM) PT Set at $40.00 by Citigroup Inc.
AECOM (NYSE:ACM) received a $40.00 price target from equities research analysts at Citigroup Inc. in a research note issued on Thursday. The firm currently has a “buy” rating on the construction company’s stock. Citigroup Inc.’s price objective would suggest a potential upside of 28.66% from the stock’s current price.
A number of other research analysts have also recently issued reports on ACM. Zacks Investment Research cut AECOM from a “buy” rating to a “hold” rating in a report on Friday, April 21st. Deutsche Bank AG reissued a “hold” rating and set a $38.00 price objective (down from $41.00) on shares of AECOM in a report on Saturday, April 22nd. Argus dropped their price objective on AECOM from $43.00 to $33.00 and set a “buy” rating for the company in a report on Friday, June 2nd. BidaskClub cut AECOM from a “sell” rating to a “strong sell” rating in a report on Tuesday, June 20th. Finally, UBS AG set a $38.00 price objective on AECOM and gave the stock a “buy” rating in a report on Monday, June 26th. 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 stock. AECOM has an average rating of “Hold” and an average target price of $35.10.
AECOM (NYSE ACM) traded down 1.36% during trading on Thursday, hitting $31.09. 701,428 shares of the stock traded hands. The stock has a market cap of $4.87 billion, a P/E ratio of 19.04 and a beta of 1.75. AECOM has a 52 week low of $26.46 and a 52 week high of $40.72. The firm’s 50-day moving average is $32.15 and its 200 day moving average is $33.97.
AECOM (NYSE:ACM) last released its quarterly earnings results on Tuesday, August 8th. The construction company reported $0.78 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.78. AECOM had a return on equity of 12.19% and a net margin of 1.46%. The business had revenue of $4.56 billion during the quarter, compared to analysts’ expectations of $4.54 billion. During the same period in the previous year, the business posted $0.81 earnings per share. The firm’s revenue for the quarter was up 3.5% compared to the same quarter last year. Equities research analysts forecast that AECOM will post $2.92 earnings per share for the current fiscal year.
Institutional investors have recently bought and sold shares of the company. Nomura Asset Management Co. Ltd. raised its position 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 last quarter. Webster Bank N. A. raised its position in AECOM by 39.8% in the first quarter. Webster Bank N. A. now owns 4,110 shares of the construction company’s stock valued at $146,000 after buying an additional 1,170 shares during the last quarter. Financial Architects Inc raised its position in AECOM by 1.0% in the second quarter. Financial Architects Inc now owns 4,632 shares of the construction company’s stock valued at $150,000 after buying an additional 48 shares during the last quarter. Global X Management Co. LLC raised its position in AECOM by 220.7% in the second quarter. Global X Management Co. LLC now owns 4,923 shares of the construction company’s stock valued at $159,000 after buying an additional 3,388 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in AECOM by 12.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,359 shares of the construction company’s stock valued at $173,000 after buying an additional 576 shares during the last quarter. Institutional investors own 82.55% of the company’s stock.
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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