Aecom (NYSE:ACM) had its price objective lifted by Citigroup from $44.00 to $47.00 in a research note issued to investors on Tuesday, Marketbeat.com reports. The brokerage currently has a “buy” rating on the construction company’s stock. Citigroup’s target price would indicate a potential upside of 36.23% from the company’s previous close.
A number of other equities research analysts also recently issued reports on ACM. DA Davidson reissued a “hold” rating and set a $39.00 price target on shares of Aecom in a research report on Tuesday, November 14th. Canaccord Genuity reissued a “hold” rating and set a $36.00 price target on shares of Aecom in a research report on Tuesday, November 14th. Argus increased their price target on Aecom from $37.00 to $43.00 and gave the stock a “buy” rating in a research report on Monday, November 27th. They noted that the move was a valuation call. Zacks Investment Research downgraded Aecom from a “hold” rating to a “sell” rating in a research report on Thursday, February 1st. Finally, UBS Group reissued a “buy” rating and set a $4.00 price target (down previously from $40.00) on shares of Aecom in a research report on Tuesday, November 14th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $36.40.
Aecom (NYSE ACM) opened at $34.50 on Tuesday. The firm has a market capitalization of $5,790.57, a P/E ratio of 13.64, a PEG ratio of 1.94 and a beta of 1.70. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.20 and a current ratio of 1.20. Aecom has a 52 week low of $30.15 and a 52 week high of $39.90.
In other Aecom news, CEO Michael S. Burke sold 30,000 shares of the firm’s stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $39.00, for a total value of $1,170,000.00. Following the sale, the chief executive officer now owns 157,649 shares of the company’s stock, valued at approximately $6,148,311. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director James H. Fordyce sold 4,390 shares of the firm’s stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $38.00, for a total value of $166,820.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 82,486 shares of company stock worth $3,170,752. Company insiders own 0.74% of the company’s stock.
Several hedge funds have recently modified their holdings of ACM. UBS Asset Management Americas Inc. boosted its holdings in shares of Aecom by 21.5% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 128,314 shares of the construction company’s stock valued at $4,148,000 after purchasing an additional 22,746 shares in the last quarter. M&T Bank Corp acquired a new stake in shares of Aecom in the 2nd quarter valued at $337,000. Teachers Retirement System of The State of Kentucky boosted its holdings in shares of Aecom by 7.4% in the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 33,393 shares of the construction company’s stock valued at $1,080,000 after purchasing an additional 2,300 shares in the last quarter. Virtu KCG Holdings LLC acquired a new stake in shares of Aecom in the 2nd quarter valued at $503,000. Finally, Stifel Financial Corp boosted its holdings in shares of Aecom by 4.2% in the 2nd quarter. Stifel Financial Corp now owns 10,925 shares of the construction company’s stock valued at $353,000 after purchasing an additional 441 shares in the last quarter. 81.73% of the stock is currently owned by hedge funds and other institutional investors.
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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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