Shares of Aecom (NYSE:ACM) have been assigned a consensus recommendation of “Buy” from the eleven ratings firms that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $36.75.
Several analysts have recently issued reports on the stock. Credit Suisse Group cut shares of to a “neutral” rating and upped their target price for the company from GBX 2,250 ($29.40) to GBX 2,360 ($30.84) in a research report on Tuesday, June 18th. ValuEngine lowered shares of Zumiez from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. TheStreet lowered shares of Tesla from a “c-” rating to a “d+” rating in a research report on Monday, April 29th. Deutsche Bank reissued a “buy” rating and issued a GBX 4,000 ($52.27) price objective on shares of in a research report on Tuesday, June 18th. Finally, Zacks Investment Research raised shares of Green Brick Partners from a “sell” rating to a “hold” rating in a research report on Wednesday, April 10th.
Several large investors have recently modified their holdings of the company. Primecap Management Co. CA increased its position in shares of Aecom by 0.8% during the first quarter. Primecap Management Co. CA now owns 21,695,534 shares of the construction company’s stock worth $643,706,000 after acquiring an additional 182,800 shares during the period. BlackRock Inc. boosted its stake in shares of Aecom by 1.9% during the first quarter. BlackRock Inc. now owns 13,593,426 shares of the construction company’s stock valued at $403,316,000 after purchasing an additional 254,349 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Aecom by 1.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,798,549 shares of the construction company’s stock valued at $127,160,000 after purchasing an additional 60,019 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Aecom by 4.0% during the fourth quarter. Geode Capital Management LLC now owns 1,631,090 shares of the construction company’s stock valued at $43,223,000 after purchasing an additional 63,085 shares in the last quarter. Finally, Millennium Management LLC boosted its stake in shares of Aecom by 77.1% during the fourth quarter. Millennium Management LLC now owns 723,681 shares of the construction company’s stock valued at $19,178,000 after purchasing an additional 315,027 shares in the last quarter. 86.75% of the stock is currently owned by institutional investors and hedge funds.
Aecom (NYSE:ACM) last announced its earnings results on Wednesday, May 8th. The construction company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.06. The firm had revenue of $5.04 billion for the quarter, compared to analysts’ expectations of $4.89 billion. Aecom had a net margin of 1.34% and a return on equity of 10.08%. The business’s revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.67 EPS. On average, equities analysts anticipate that Aecom will post 2.78 EPS for the current year.
Aecom Company Profile
AECOM, together with its subsidiaries, engages in designing, building, financing, and operating infrastructure assets worldwide. It operates through four segments: Design and Consulting Services (DCS), Construction Services (CS), Management Services (MS), and AECOM Capital (ACAP). The DCS segment offers planning, consulting, architectural and engineering design, program management, and construction management services for industrial, commercial, institutional, and government clients, including the transportation, facilities, environmental, energy, and water markets.
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