Aecom (NYSE:ACM) had its price target increased by research analysts at DA Davidson to $40.00 in a research report issued on Wednesday, February 7th. The firm currently has a “neutral” rating on the construction company’s stock. DA Davidson’s target price would indicate a potential upside of 13.44% from the company’s current price. DA Davidson also issued estimates for Aecom’s Q3 2018 earnings at $0.75 EPS, Q4 2018 earnings at $0.72 EPS and FY2019 earnings at $2.95 EPS.
Several other research firms have also issued reports on ACM. Zacks Investment Research lowered Aecom from a “hold” rating to a “sell” rating in a research note on Thursday, February 1st. Barclays started coverage on Aecom in a research note on Tuesday, December 12th. They issued an “underweight” rating and a $34.00 target price on the stock. Robert W. Baird upgraded Aecom from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $40.00 to $45.00 in a research note on Wednesday, January 3rd. Argus boosted their price target on Aecom from $37.00 to $43.00 and gave the stock a “buy” rating in a research note on Monday, November 27th. They noted that the move was a valuation call. Finally, Citigroup boosted their price target on Aecom from $44.00 to $47.00 and gave the stock a “buy” rating in a research note on Tuesday, February 6th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $36.40.
Aecom (NYSE ACM) traded up $0.36 during mid-day trading on Wednesday, hitting $35.26. The company had a trading volume of 1,146,178 shares, compared to its average volume of 933,173. Aecom has a 12-month low of $30.15 and a 12-month high of $39.90. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.21 and a quick ratio of 1.21. The company has a market capitalization of $5,610.00, a P/E ratio of 13.94, a P/E/G ratio of 1.86 and a beta of 1.70.
Aecom (NYSE:ACM) last posted its earnings results on Tuesday, February 6th. The construction company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.02. Aecom had a return on equity of 11.74% and a net margin of 2.15%. The company had revenue of $4.91 billion for the quarter, compared to analyst estimates of $4.71 billion. During the same quarter in the previous year, the firm earned $0.53 earnings per share. The firm’s quarterly revenue was up 12.7% compared to the same quarter last year. analysts predict that Aecom will post 2.68 EPS for the current year.
In related news, Director Linda M. Griego sold 5,160 shares of Aecom stock in a transaction dated Friday, January 12th. The stock was sold at an average price of $38.11, for a total transaction of $196,647.60. Following the completion of the sale, the director now owns 33,335 shares of the company’s stock, valued at $1,270,396.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Vice Chairman Daniel R. Tishman sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $38.88, for a total value of $583,200.00. Following the completion of the transaction, the insider now directly owns 129,095 shares of the company’s stock, valued at $5,019,213.60. The disclosure for this sale can be found here. Insiders have sold 82,486 shares of company stock valued at $3,170,752 in the last ninety days. Corporate insiders own 0.74% of the company’s stock.
A number of large investors have recently made changes to their positions in the business. Stifel Financial Corp lifted its holdings in Aecom by 4.2% in the second quarter. Stifel Financial Corp now owns 10,925 shares of the construction company’s stock valued at $353,000 after acquiring an additional 441 shares during the period. Ameritas Investment Partners Inc. lifted its holdings in Aecom by 1.8% in the second quarter. Ameritas Investment Partners Inc. now owns 46,604 shares of the construction company’s stock valued at $1,507,000 after acquiring an additional 819 shares during the period. Rhumbline Advisers lifted its holdings in Aecom by 0.5% in the third quarter. Rhumbline Advisers now owns 275,776 shares of the construction company’s stock valued at $10,151,000 after acquiring an additional 1,412 shares during the period. Retirement Systems of Alabama lifted its holdings in Aecom by 0.4% in the third quarter. Retirement Systems of Alabama now owns 320,944 shares of the construction company’s stock valued at $11,814,000 after acquiring an additional 1,435 shares during the period. Finally, KBC Group NV lifted its holdings in Aecom by 14.1% in the fourth quarter. KBC Group NV now owns 11,646 shares of the construction company’s stock valued at $433,000 after acquiring an additional 1,443 shares during the period. 81.52% of the stock is owned by 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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