AECOM (ACM) Downgraded by Credit Suisse Group

AECOM (NYSE:ACM) was downgraded by analysts at Credit Suisse Group from an “outperform” rating to a “neutral” rating in a report released on Monday, July 24th, Marketbeat.com reports. They presently have a $37.00 price objective on the construction company’s stock, down from their prior price objective of $44.00. Credit Suisse Group’s price target points to a potential upside of 20.99% from the company’s current price.

Other analysts have also recently issued research reports about the company. UBS AG set a $38.00 price objective on AECOM and gave the stock a “buy” rating in a report on Monday, June 26th. Citigroup Inc. reissued a “buy” rating and set a $40.00 price objective (down previously from $45.00) on shares of AECOM in a report on Tuesday, July 18th. Zacks Investment Research raised 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. Argus reduced their price objective on AECOM from $43.00 to $33.00 and set a “buy” rating on the stock in a research report on Friday, June 2nd. Finally, Deutsche Bank AG reiterated a “hold” rating and set a $38.00 price objective (down from $41.00) on shares of AECOM in a research report on Saturday, April 22nd. Two investment 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 stock presently has a consensus rating of “Hold” and a consensus target price of $35.10.

Shares of AECOM (NYSE ACM) traded down 1.64% on Monday, hitting $30.58. The company had a trading volume of 769,487 shares. The firm has a market capitalization of $4.79 billion, a price-to-earnings ratio of 18.73 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 $32.11 and a 200 day moving average price of $33.92.

AECOM (NYSE:ACM) last issued its quarterly earnings data on Tuesday, August 8th. The construction company reported $0.78 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.78. The business had revenue of $4.56 billion for the quarter, compared to analysts’ expectations of $4.54 billion. AECOM had a return on equity of 12.19% and a net margin of 1.46%. The firm’s quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.81 EPS. On average, equities analysts forecast that AECOM will post $2.92 earnings per share for the current fiscal year.

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Institutional investors have recently bought and sold shares of the company. FMR LLC raised its position in AECOM by 1.4% in the first quarter. FMR LLC now owns 23,297,186 shares of the construction company’s stock valued at $829,147,000 after buying an additional 332,588 shares during the last quarter. Vanguard Group Inc. raised its position in AECOM by 1.3% in the second quarter. Vanguard Group Inc. now owns 13,443,021 shares of the construction company’s stock valued at $434,613,000 after buying an additional 176,473 shares during the last quarter. BlackRock Inc. raised its position in AECOM by 15,313.2% in the first quarter. BlackRock Inc. now owns 12,670,699 shares of the construction company’s stock valued at $450,949,000 after buying an additional 12,588,492 shares during the last quarter. Primecap Management Co. CA raised its position in AECOM by 16.3% in the first quarter. Primecap Management Co. CA now owns 8,636,075 shares of the construction company’s stock valued at $307,358,000 after buying an additional 1,212,050 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in AECOM by 3.2% in the second quarter. Dimensional Fund Advisors LP now owns 4,718,353 shares of the construction company’s stock valued at $152,542,000 after buying an additional 148,231 shares during the last quarter. Institutional investors and hedge funds own 82.55% of the company’s stock.

About AECOM

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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