Aecom (ACM) Given “Hold” Rating at Credit Suisse Group

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Credit Suisse Group reaffirmed their hold rating on shares of Aecom (NYSE:ACM) in a report published on Wednesday. They currently have a $30.00 price objective on the construction company’s stock.

Several other analysts have also commented on ACM. Zacks Investment Research lowered shares of Aecom from a hold rating to a sell rating in a research report on Wednesday, November 14th. Barclays set a $30.00 price objective on shares of Aecom and gave the stock a sell rating in a research report on Tuesday, November 13th. Argus lowered shares of Aecom from a buy rating to a hold rating in a research report on Wednesday, August 15th. Robert W. Baird reaffirmed a buy rating and issued a $36.00 price objective (down previously from $41.00) on shares of Aecom in a research report on Monday, November 12th. Finally, Citigroup lowered their price objective on shares of Aecom from $42.00 to $41.00 and set a buy rating on the stock in a research report on Tuesday, November 13th. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. Aecom currently has an average rating of Hold and a consensus price target of $36.75.

Aecom stock opened at $27.91 on Wednesday. Aecom has a fifty-two week low of $27.73 and a fifty-two week high of $39.90. The stock has a market cap of $4.36 billion, a P/E ratio of 10.38, a PEG ratio of 2.01 and a beta of 1.65. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.16 and a current ratio of 1.16.

Aecom (NYSE:ACM) last released its quarterly earnings results on Monday, November 12th. The construction company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.01. Aecom had a net margin of 0.68% and a return on equity of 10.16%. The business had revenue of $5.31 billion for the quarter, compared to analysts’ expectations of $5.27 billion. During the same period in the previous year, the company earned $0.74 earnings per share. The firm’s revenue for the quarter was up 9.3% compared to the same quarter last year. As a group, research analysts anticipate that Aecom will post 2.72 earnings per share for the current year.

In other Aecom news, insider Lara Poloni sold 1,607 shares of Aecom stock in a transaction dated Monday, September 17th. The shares were sold at an average price of $32.49, for a total value of $52,211.43. Following the sale, the insider now owns 2,288 shares of the company’s stock, valued at $74,337.12. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.74% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the business. Primecap Management Co. CA raised its position in shares of Aecom by 27.0% in the third quarter. Primecap Management Co. CA now owns 19,076,501 shares of the construction company’s stock valued at $623,039,000 after purchasing an additional 4,052,120 shares during the period. Bank of America Corp DE raised its position in shares of Aecom by 106.4% in the second quarter. Bank of America Corp DE now owns 2,403,765 shares of the construction company’s stock valued at $79,395,000 after purchasing an additional 1,239,397 shares during the period. Clearbridge Investments LLC raised its position in shares of Aecom by 49,559.6% in the third quarter. Clearbridge Investments LLC now owns 1,166,007 shares of the construction company’s stock valued at $38,082,000 after purchasing an additional 1,163,659 shares during the period. Luminus Management LLC raised its position in shares of Aecom by 22.0% in the third quarter. Luminus Management LLC now owns 2,969,657 shares of the construction company’s stock valued at $96,989,000 after purchasing an additional 534,898 shares during the period. Finally, FMR LLC raised its position in shares of Aecom by 1.7% in the third quarter. FMR LLC now owns 24,117,044 shares of the construction company’s stock valued at $787,662,000 after purchasing an additional 410,846 shares during the period. 87.84% of the stock is currently owned by institutional investors and hedge funds.

Aecom Company Profile

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.

Further Reading: Institutional Investors

Analyst Recommendations for Aecom (NYSE:ACM)

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