Aecom Technology Corp. (NYSE:ACM) was upgraded by equities researchers at TheStreet from a “hold” rating to a “buy” rating in a report released on Monday.

Other equities analysts have also issued research reports about the stock. Zacks Investment Research raised shares of Aecom Technology Corp. from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a research report on Thursday, August 4th. Argus reissued a “hold” rating on shares of Aecom Technology Corp. in a research report on Thursday, August 18th. DA Davidson lifted their price target on shares of Aecom Technology Corp. from $33.00 to $38.00 and gave the company a “neutral” rating in a research report on Wednesday, August 10th. Canaccord Genuity lifted their price target on shares of Aecom Technology Corp. from $33.00 to $38.00 and gave the company a “hold” rating in a research report on Tuesday, November 15th. Finally, Deutsche Bank AG dropped their price target on shares of Aecom Technology Corp. from $41.00 to $38.00 and set a “buy” rating on the stock in a research report on Monday, August 22nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eleven have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $37.00.

Analyst Recommendations for Aecom Technology Corp. (NYSE:ACM)

Shares of Aecom Technology Corp. (NYSE:ACM) opened at 37.13 on Monday. The firm has a market capitalization of $5.72 billion, a PE ratio of 59.89 and a beta of 1.80. Aecom Technology Corp. has a one year low of $22.80 and a one year high of $37.97. The firm’s 50 day moving average is $29.99 and its 200-day moving average is $31.58.

Aecom Technology Corp. (NYSE:ACM) last released its quarterly earnings results on Monday, November 14th. The company reported $0.65 EPS for the quarter, missing the Zacks’ consensus estimate of $0.71 by $0.06. Aecom Technology Corp. had a net margin of 0.55% and a return on equity of 12.92%. The firm earned $4.32 billion during the quarter, compared to the consensus estimate of $4.66 billion. During the same period in the prior year, the business earned $0.95 EPS. The company’s revenue for the quarter was down 8.5% compared to the same quarter last year. On average, equities research analysts predict that Aecom Technology Corp. will post $2.90 earnings per share for the current fiscal year.

In other news, Vice Chairman Daniel R. Tishman sold 60,000 shares of the business’s stock in a transaction on 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 owns 199,262 shares in the company, valued at approximately $7,173,432. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael S. Burke sold 30,000 shares of the business’s stock in a transaction on Monday, November 14th. The shares were sold at an average price of $35.00, for a total transaction of $1,050,000.00. Following the completion of the sale, the chief executive officer now owns 83,602 shares in the company, valued at approximately $2,926,070. The disclosure for this sale can be found here. Company insiders own 1.14% of the company’s stock.

Several large investors have recently modified their holdings of ACM. Greenhaven Associates Inc. purchased a new stake in shares of Aecom Technology Corp. during the second quarter valued at approximately $47,938,000. Mutual of America Capital Management LLC increased its stake in shares of Aecom Technology Corp. by 7.2% in the second quarter. Mutual of America Capital Management LLC now owns 114,917 shares of the company’s stock valued at $3,651,000 after buying an additional 7,688 shares in the last quarter. Societe Generale purchased a new stake in shares of Aecom Technology Corp. during the second quarter valued at approximately $1,458,000. Boston Advisors LLC boosted its position in Aecom Technology Corp. by 536.8% in the second quarter. Boston Advisors LLC now owns 94,093 shares of the company’s stock worth $2,989,000 after buying an additional 79,318 shares in the last quarter. Finally, Daiwa Securities Group Inc. acquired a new position in Aecom Technology Corp. during the second quarter worth about $127,000. Institutional investors own 85.81% of the company’s stock.

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About Aecom Technology Corp.

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.

5 Day Chart for NYSE:ACM

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