Aecom (ACM) Raised to Outperform at Robert W. Baird

Aecom (NYSE:ACM) was upgraded by research analysts at Robert W. Baird from a “neutral” rating to an “outperform” rating in a report released on Wednesday, January 3rd, Marketbeat reports. The brokerage presently has a $45.00 price target on the construction company’s stock, up from their previous price target of $40.00. Robert W. Baird’s price target points to a potential upside of 14.77% from the company’s previous close.

Several other research analysts have also weighed in on ACM. KeyCorp reissued a “buy” rating on shares of Aecom in a research report on Friday, September 22nd. DA Davidson reaffirmed a “hold” rating and issued a $39.00 target price on shares of Aecom in a research report on Tuesday, November 14th. Canaccord Genuity reaffirmed a “hold” rating and issued a $36.00 target price on shares of Aecom in a research report on Tuesday, November 14th. Argus boosted their target price on Aecom from $37.00 to $43.00 and gave the company a “buy” rating in a research report on Monday, November 27th. They noted that the move was a valuation call. Finally, Zacks Investment Research raised Aecom from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 19th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $32.00.

Aecom (NYSE:ACM) opened at $39.21 on Wednesday. Aecom has a 12-month low of $30.15 and a 12-month high of $39.51. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.20 and a quick ratio of 1.20. The firm has a market capitalization of $6,180.00, a PE ratio of 18.41, a PEG ratio of 2.08 and a beta of 1.73.

Aecom (NYSE:ACM) last posted its quarterly earnings data on Monday, November 13th. The construction company reported $0.74 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.03. Aecom had a return on equity of 12.12% and a net margin of 1.86%. The firm had revenue of $4.86 billion during the quarter, compared to analyst estimates of $4.63 billion. During the same period last year, the company posted $0.65 EPS. The business’s quarterly revenue was up 12.3% on a year-over-year basis. research analysts predict that Aecom will post 2.66 earnings per share for the current year.

In other Aecom news, Director James H. Fordyce sold 4,390 shares of Aecom stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $38.00, for a total transaction of $166,820.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael S. Burke sold 30,000 shares of Aecom stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $39.00, for a total value of $1,170,000.00. Following the transaction, the chief executive officer now owns 157,649 shares of the company’s stock, valued at approximately $6,148,311. The disclosure for this sale can be found here. Insiders sold a total of 82,486 shares of company stock valued at $3,170,752 over the last ninety days. 0.73% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in ACM. Schwab Charles Investment Management Inc. boosted its stake in Aecom by 2.9% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 714,074 shares of the construction company’s stock valued at $23,087,000 after purchasing an additional 20,388 shares during the last quarter. State of Wisconsin Investment Board boosted its stake in Aecom by 79.0% during the 2nd quarter. State of Wisconsin Investment Board now owns 30,943 shares of the construction company’s stock valued at $1,000,000 after purchasing an additional 13,660 shares during the last quarter. Legal & General Group Plc boosted its stake in Aecom by 14.6% during the 2nd quarter. Legal & General Group Plc now owns 208,316 shares of the construction company’s stock valued at $6,734,000 after purchasing an additional 26,499 shares during the last quarter. KBC Group NV boosted its stake in Aecom by 1,289.5% during the 2nd quarter. KBC Group NV now owns 14,743 shares of the construction company’s stock valued at $477,000 after purchasing an additional 13,682 shares during the last quarter. Finally, GAM Holding AG acquired a new position in Aecom during the 2nd quarter valued at about $194,000. Institutional investors and hedge funds own 82.36% of the company’s stock.

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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.

Analyst Recommendations for Aecom (NYSE:ACM)

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