Aecom Technology Corp. (ACM) Stock Rating Reaffirmed by DA Davidson
Aecom Technology Corp. (NYSE:ACM)‘s stock had its “hold” rating restated by equities researchers at DA Davidson in a research report issued to clients and investors on Friday. They presently have a $40.00 target price on the stock. DA Davidson’s target price would suggest a potential upside of 6.19% from the company’s current price.
ACM has been the topic of several other research reports. Zacks Investment Research downgraded shares of Aecom Technology Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, October 4th. Citigroup Inc. reaffirmed a “buy” rating and issued a $43.00 price target on shares of Aecom Technology Corp. in a report on Friday, September 30th. Canaccord Genuity reaffirmed a “hold” rating and issued a $33.00 price target on shares of Aecom Technology Corp. in a report on Wednesday, September 7th. TheStreet raised Aecom Technology Corp. from a “hold” rating to a “buy” rating in a report on Monday, November 21st. Finally, Deutsche Bank AG cut their price target on Aecom Technology Corp. from $41.00 to $38.00 and set a “buy” rating for the company in a report on Monday, August 22nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $37.20.
Aecom Technology Corp. (NYSE:ACM) opened at 36.97 on Friday. Aecom Technology Corp. has a 52-week low of $22.80 and a 52-week high of $37.97. The stock’s 50 day moving average is $30.71 and its 200 day moving average is $31.69. The company has a market cap of $5.69 billion, a price-to-earnings ratio of 59.63 and a beta of 1.80.
Aecom Technology Corp. (NYSE:ACM) last issued its earnings results on Monday, November 14th. The company reported $0.65 EPS 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 12.92%. The firm earned $4.32 billion during the quarter, compared to analyst estimates of $4.66 billion. During the same quarter in the prior year, the firm posted $0.95 EPS. The firm’s revenue for the quarter was down 8.5% on a year-over-year basis. Equities research analysts forecast that Aecom Technology Corp. will post $2.90 earnings per share for the current year.
In other news, CEO Michael S. Burke sold 30,000 shares of the company’s stock in a transaction dated Monday, November 14th. The stock was sold at an average price of $35.00, for a total value of $1,050,000.00. Following the completion of the sale, the chief executive officer now directly owns 83,602 shares of the company’s stock, valued at approximately $2,926,070. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Vice Chairman Daniel R. Tishman sold 60,000 shares of the company’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 completion of the sale, the insider now directly owns 199,262 shares of the company’s stock, valued at $7,173,432. The disclosure for this sale can be found here. 1.14% of the stock is owned by insiders.
Several hedge funds have recently made changes to their positions in the stock. Reilly Financial Advisors LLC bought a new stake in shares of Aecom Technology Corp. during the second quarter worth approximately $114,000. Daiwa Securities Group Inc. bought a new stake in shares of Aecom Technology Corp. during the second quarter worth approximately $127,000. FCA Corp TX boosted its stake in shares of 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 during the period. Front Street Capital Management Inc. bought a new stake in shares of Aecom Technology Corp. during the second quarter worth approximately $299,000. Finally, LS Investment Advisors LLC raised its position in shares of Aecom Technology Corp. by 5.8% in the third quarter. LS Investment Advisors LLC now owns 10,057 shares of the company’s stock valued at $299,000 after buying an additional 548 shares in the last quarter. 86.02% of the stock is owned by institutional investors.
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.
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