Aecom Technology Corp. (ACM) PT Raised to $38.00
Aecom Technology Corp. (NYSE:ACM) had its price objective raised by investment analysts at Canaccord Genuity from $33.00 to $38.00 in a report issued on Tuesday. The firm presently has a “hold” rating on the stock. Canaccord Genuity’s target price suggests a potential upside of 1.25% from the stock’s current price.
Other equities research analysts also recently issued research reports about the stock. TheStreet raised shares of Aecom Technology Corp. from a “hold” rating to a “buy” rating in a research note on Tuesday, August 9th. Zacks Investment Research raised shares of Aecom Technology Corp. from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a research note on Thursday, August 4th. Standpoint Research reissued a “buy” rating on shares of Aecom Technology Corp. in a research note on Wednesday, July 27th. Citigroup Inc. reissued a “buy” rating and issued a $43.00 target price on shares of Aecom Technology Corp. in a research note on Friday, September 30th. Finally, Deutsche Bank AG reduced their target price on shares of Aecom Technology Corp. from $41.00 to $38.00 and set a “buy” rating on the stock in a research note on Monday, August 22nd. Five investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Aecom Technology Corp. has a consensus rating of “Buy” and an average price target of $37.00.
Shares of Aecom Technology Corp. (NYSE:ACM) opened at 37.53 on Tuesday. Aecom Technology Corp. has a 1-year low of $22.80 and a 1-year high of $37.97. The company has a market cap of $5.77 billion, a price-to-earnings ratio of 65.61 and a beta of 1.80. The company’s 50-day moving average is $29.16 and its 200 day moving average is $31.45.
Aecom Technology Corp. (NYSE:ACM) last announced its earnings results on Monday, November 14th. The company reported $0.65 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.71 by $0.06. Aecom Technology Corp. had a net margin of 0.55% and a return on equity of 12.84%. The firm earned $4.32 billion during the quarter, compared to analysts’ expectations of $4.66 billion. During the same period in the prior year, the company posted $0.95 EPS. The company’s revenue was down 8.5% compared to the same quarter last year. Equities analysts anticipate that Aecom Technology Corp. will post $3.07 EPS for the current year.
In other news, Vice Chairman Daniel R. Tishman sold 60,000 shares of the firm’s stock in a transaction dated Monday, November 14th. The shares were sold at an average price of $36.00, for a total value of $2,160,000.00. Following the sale, the insider now directly owns 199,262 shares in the company, valued at approximately $7,173,432. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Frederick W. Werner sold 27,787 shares of the firm’s stock in a transaction dated Friday, September 16th. The shares were sold at an average price of $27.83, for a total transaction of $773,312.21. Following the completion of the sale, the insider now owns 62,936 shares in the company, valued at $1,751,508.88. The disclosure for this sale can be found here. Company insiders own 1.14% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. Reilly Financial Advisors LLC purchased a new stake in Aecom Technology Corp. during the second quarter worth $114,000. Daiwa Securities Group Inc. purchased a new stake in Aecom Technology Corp. during the second quarter worth $127,000. FCA Corp TX boosted 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 worth $270,000 after buying an additional 1,500 shares in the last quarter. Front Street Capital Management Inc. purchased a new stake in Aecom Technology Corp. during the second quarter worth $299,000. Finally, LS Investment Advisors LLC boosted 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 worth $302,000 after buying an additional 4,021 shares in the last quarter. Institutional investors and hedge funds own 84.80% of the company’s stock.
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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