AECOM (NYSE:ACM) was downgraded by investment analysts at Credit Suisse Group from an “outperform” rating to a “neutral” rating in a research report issued on Monday, July 24th, MarketBeat Ratings reports. They currently have a $37.00 target price on the construction company’s stock, down from their prior target price of $44.00. Credit Suisse Group’s target price would indicate a potential upside of 14.69% from the company’s previous close.
A number of other equities analysts also recently weighed in on ACM. Robert W. Baird downgraded shares of AECOM from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $45.00 to $40.00 in a report on Friday, April 7th. Zacks Investment Research raised shares of AECOM from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a report on Tuesday, April 18th. Deutsche Bank AG reissued a “hold” rating and issued a $38.00 price target (down from $41.00) on shares of AECOM in a report on Saturday, April 22nd. Argus cut their price target on shares of AECOM from $43.00 to $33.00 and set a “buy” rating on the stock in a report on Friday, June 2nd. Finally, BidaskClub downgraded shares of AECOM from a “sell” rating to a “strong sell” rating in a report on Tuesday, June 20th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $35.10.
Shares of AECOM (ACM) opened at 32.26 on Monday. The stock’s 50 day moving average is $32.24 and its 200-day moving average is $34.15. AECOM has a 1-year low of $26.46 and a 1-year high of $40.72. The firm has a market cap of $5.02 billion, a PE ratio of 19.76 and a beta of 1.75.
AECOM (NYSE:ACM) last issued its quarterly earnings results on Tuesday, August 8th. The construction company reported $0.78 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.78. The company had revenue of $4.56 billion for the quarter, compared to the consensus estimate of $4.54 billion. AECOM had a net margin of 1.46% and a return on equity of 12.19%. The firm’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.81 EPS. Analysts expect that AECOM will post $2.92 earnings per share for the current year.
A number of large investors have recently added to or reduced their stakes in the stock. AQR Capital Management LLC increased its stake in AECOM by 82.2% in the fourth quarter. AQR Capital Management LLC now owns 52,697 shares of the construction company’s stock valued at $1,916,000 after buying an additional 23,774 shares during the period. Hudson Bay Capital Management LP bought a new stake in shares of AECOM during the fourth quarter valued at $2,689,000. Macquarie Group Ltd. boosted its stake in shares of AECOM by 2.0% in the fourth quarter. Macquarie Group Ltd. now owns 225,034 shares of the construction company’s stock valued at $8,182,000 after buying an additional 4,350 shares in the last quarter. New England Research & Management Inc. boosted its stake in shares of AECOM by 114.4% in the first quarter. New England Research & Management Inc. now owns 25,300 shares of the construction company’s stock valued at $900,000 after buying an additional 13,500 shares in the last quarter. Finally, First National Bank of Mount Dora Trust Investment Services bought a new stake in shares of AECOM during the first quarter valued at $1,250,000. 82.80% of the stock is currently owned by institutional investors and hedge funds.
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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