Zacks Investment Research upgraded shares of AECOM (NYSE:ACM) from a hold rating to a buy rating in a report issued on Wednesday morning. Zacks Investment Research currently has $40.00 price objective on the construction company’s stock.
According to Zacks, “Over the past six months, AECOM’s shares have outperformed the industry average. AECOM has been witnessing robust prospects across most of its business segments that adds to its growth momentum. Increase in the proportion of higher margin work is benefiting AECOM’s Construction Services segment and Management Services segments. Also, the Shimmick buyout is supplementing core revenue growth. Going forward, the company remains optimistic that favorable political climate both in the United States and abroad will continue to create growth opportunities of the infrastructure and defense markets. However, volatility in the oil and gas market, with declining prices and contracting spending levels, has been hurting the company’s projects and orders. Also strengthening of the U.S. dollar adds to the company’s concerns.”
A number of other analysts have also recently commented on the stock. DA Davidson lifted their target price on shares of AECOM to $40.00 and gave the stock a neutral rating in a research note on Wednesday, February 7th. Citigroup lifted their target price on shares of AECOM from $44.00 to $47.00 and gave the stock a buy rating in a research note on Tuesday, February 6th. Robert W. Baird upgraded shares of AECOM from a neutral rating to an outperform rating and lifted their target price for the stock from $40.00 to $45.00 in a research note on Wednesday, January 3rd. Finally, Barclays assumed coverage on shares of AECOM in a research note on Tuesday, December 12th. They issued an underweight rating and a $34.00 target price for the company. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of $36.73.
ACM stock opened at $35.90 on Wednesday. The company has a market capitalization of $5,712.58, a P/E ratio of 12.04, a P/E/G ratio of 2.40 and a beta of 1.65. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.86. AECOM has a 52 week low of $30.15 and a 52 week high of $39.90.
AECOM (NYSE:ACM) last released its earnings results on Tuesday, February 6th. The construction company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.02. The company had revenue of $4.91 billion during the quarter, compared to analysts’ expectations of $4.71 billion. AECOM had a net margin of 2.15% and a return on equity of 11.74%. AECOM’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same period last year, the business earned $0.53 EPS. equities research analysts forecast that AECOM will post 2.69 EPS for the current fiscal year.
In other AECOM news, insider Lara Poloni sold 4,976 shares of the firm’s stock in a transaction that occurred on Wednesday, March 14th. The shares were sold at an average price of $36.70, for a total transaction of $182,619.20. Following the completion of the transaction, the insider now directly owns 3,895 shares of the company’s stock, valued at approximately $142,946.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Vice Chairman Daniel R. Tishman sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $37.00, for a total transaction of $555,000.00. Following the transaction, the insider now directly owns 114,095 shares of the company’s stock, valued at $4,221,515. The disclosure for this sale can be found here. Insiders have sold a total of 40,136 shares of company stock valued at $1,517,467 over the last three months. 0.74% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently bought and sold shares of the business. Ladenburg Thalmann Financial Services Inc. raised its position in AECOM by 170.5% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,391 shares of the construction company’s stock worth $201,000 after buying an additional 3,398 shares during the last quarter. Raymond James Financial Services Advisors Inc. purchased a new position in AECOM during the 4th quarter worth approximately $205,000. Boston Advisors LLC purchased a new position in AECOM during the 4th quarter worth approximately $206,000. Virtu Financial LLC purchased a new position in AECOM during the 4th quarter worth approximately $213,000. Finally, Princeton Capital Management LLC purchased a new position in AECOM during the 4th quarter worth approximately $220,000. 84.11% of the stock is owned by institutional investors.
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AECOM, together with its subsidiaries, engages in designing, building, financing, and operating infrastructure assets worldwide. The company operates through four segments: Design and Consulting Services (DCS), Construction Services (CS), Management Services (MS), and AECOM Capital (ACAP). The DCS segment provides planning, consulting, architectural and engineering design, program management, and construction management services for industrial, commercial, institutional, and government clients, such as transportation, facilities, environmental, and energy/power markets.
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