Aecom Technology Corp. (NYSE:ACM) Receives $37.14 Consensus Price Target from Analysts
Aecom Technology Corp. (NYSE:ACM) has received an average rating of “Buy” from the sixteen brokerages that are covering the firm. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $37.14.
Several brokerages have commented on ACM. Credit Suisse Group AG reissued a “buy” rating on shares of Aecom Technology Corp. in a report on Saturday, June 4th. Argus reissued a “hold” rating on shares of Aecom Technology Corp. in a report on Saturday, June 4th. Zacks Investment Research downgraded shares of Aecom Technology Corp. from a “hold” rating to a “sell” rating in a report on Wednesday, July 13th. KeyCorp reissued a “buy” rating on shares of Aecom Technology Corp. in a report on Wednesday, June 29th. Finally, Citigroup Inc. reissued a “buy” rating and issued a $43.00 price target on shares of Aecom Technology Corp. in a report on Friday.
Shares of Aecom Technology Corp. (NYSE:ACM) opened at 29.73 on Monday. The firm has a market capitalization of $4.57 billion, a PE ratio of 51.98 and a beta of 1.89. The company’s 50-day moving average price is $30.47 and its 200-day moving average price is $31.84. Aecom Technology Corp. has a 12-month low of $22.80 and a 12-month high of $36.20.
Aecom Technology Corp. (NYSE:ACM) last announced its quarterly earnings results on Tuesday, August 9th. The company reported $0.81 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.11. Aecom Technology Corp. had a net margin of 0.51% and a return on equity of 14.11%. The firm earned $4.41 billion during the quarter, compared to the consensus estimate of $4.52 billion. During the same period last year, the firm earned $0.74 EPS. The business’s quarterly revenue was down 3.1% compared to the same quarter last year. Analysts anticipate that Aecom Technology Corp. will post $3.12 EPS for the current year.
In other Aecom Technology Corp. news, insider Michael John Donnelly sold 5,700 shares of the business’s stock in a transaction on Monday, July 11th. The shares were sold at an average price of $33.00, for a total value of $188,100.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Michael S. Burke sold 2,909 shares of the business’s stock in a transaction on Tuesday, July 12th. The stock was sold at an average price of $34.00, for a total transaction of $98,906.00. Following the completion of the sale, the chief executive officer now directly owns 108,562 shares of the company’s stock, valued at $3,691,108. The disclosure for this sale can be found here. 1.14% of the stock is currently owned by company insiders.
A number of hedge funds have recently bought and sold shares of the company. Reilly Financial Advisors LLC acquired a new stake in Aecom Technology Corp. during the second quarter valued at $114,000. Daiwa Securities Group Inc. acquired a new stake in Aecom Technology Corp. during the second quarter valued at $127,000. FCA Corp TX increased its stake in Aecom Technology Corp. by 21.4% in the second quarter. FCA Corp TX now owns 8,500 shares of the company’s stock valued at $270,000 after buying an additional 1,500 shares in the last quarter. Front Street Capital Management Inc. acquired a new stake in Aecom Technology Corp. during the second quarter valued at $299,000. Finally, LS Investment Advisors LLC increased its stake in Aecom Technology Corp. by 73.3% in the second quarter. LS Investment Advisors LLC now owns 9,509 shares of the company’s stock valued at $302,000 after buying an additional 4,021 shares in the last quarter. 84.46% of the stock is owned by institutional investors and hedge funds.
Aecom Technology Corp. Company Profile
AECOM, formerly AECOM Technology Corporation, designs, builds, finances and operates infrastructure assets for governments, businesses and organizations around the world. The Company provides program and facilities management and maintenance, training, logistics, consulting, technical assistance, and systems integration and information technology (IT) services.
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