Aecom (ACM) Raised to B at TheStreet

TheStreet upgraded shares of Aecom (NYSE:ACM) from a c+ rating to a b rating in a research note released on Thursday.

Several other research analysts have also commented on the stock. Zacks Investment Research raised shares of Aecom from a strong sell rating to a hold rating and set a $40.00 price target for the company in a report on Monday, January 16th. Deutsche Bank AG lowered shares of Aecom from a buy rating to a hold rating and decreased their price target for the company from $42.00 to $41.00 in a report on Thursday, January 12th. Standpoint Research lifted their price target on shares of Aecom from $40.00 to $48.00 and gave the company a buy rating in a report on Thursday, December 8th. Robert W. Baird raised shares of Aecom from a neutral rating to an outperform rating and lifted their price target for the company from $42.00 to $45.00 in a report on Wednesday, January 4th. Finally, DA Davidson reaffirmed a neutral rating on shares of Aecom in a report on Wednesday, February 8th. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company has an average rating of Buy and an average price target of $42.25.

Analyst Recommendations for Aecom (NYSE:ACM)

Aecom (NYSE:ACM) opened at 35.13 on Thursday. Aecom has a 12-month low of $26.46 and a 12-month high of $40.72. The company’s 50-day moving average is $37.05 and its 200 day moving average is $33.95. The stock has a market capitalization of $5.46 billion, a PE ratio of 33.65 and a beta of 1.90.

Aecom (NYSE:ACM) last posted its quarterly earnings results on Tuesday, February 7th. The company reported $0.53 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.02. Aecom had a net margin of 0.94% and a return on equity of 12.28%. The business earned $4.36 billion during the quarter, compared to analyst estimates of $4.23 billion. During the same period in the previous year, the business posted $0.68 EPS. The company’s quarterly revenue was up 1.4% on a year-over-year basis. On average, analysts predict that Aecom will post $2.94 EPS for the current year.

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In other Aecom news, CEO Michael S. Burke sold 30,000 shares of the business’s stock in a transaction dated Wednesday, January 25th. The shares were sold at an average price of $39.00, for a total transaction of $1,170,000.00. Following the completion of the transaction, the chief executive officer now directly owns 184,362 shares of the company’s stock, valued at approximately $7,190,118. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Troy Rudd sold 8,976 shares of the business’s stock in a transaction dated Wednesday, January 25th. The shares were sold at an average price of $39.00, for a total transaction of $350,064.00. Following the transaction, the chief financial officer now directly owns 11,221 shares of the company’s stock, valued at $437,619. The disclosure for this sale can be found here. Insiders have sold a total of 83,904 shares of company stock valued at $3,189,139 over the last three months. 1.14% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of ACM. A.R.T. Advisors LLC purchased a new position in Aecom during the fourth quarter worth about $236,000. Brown Advisory Inc. purchased a new position in Aecom during the fourth quarter worth about $266,000. FNY Partners Fund LP purchased a new position in Aecom during the fourth quarter worth about $271,000. LS Investment Advisors LLC raised its position in Aecom by 5.8% in the third quarter. LS Investment Advisors LLC now owns 10,057 shares of the company’s stock worth $299,000 after buying an additional 548 shares during the last quarter. Finally, Blenheim Capital Management BV purchased a new position in Aecom during the fourth quarter worth about $311,000. 84.21% of the stock is owned by hedge funds and other institutional investors.

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.

5 Day Chart for NYSE:ACM

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