Somewhat Favorable News Coverage Somewhat Unlikely to Affect AECOM (ACM) Share Price
Headlines about AECOM (NYSE:ACM) have been trending somewhat positive on Tuesday, Accern Sentiment Analysis reports. The research group ranks the sentiment of press coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. AECOM earned a daily sentiment score of 0.21 on Accern’s scale. Accern also gave media stories about the construction company an impact score of 46.3361837441133 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the news headlines that may have effected Accern Sentiment’s rankings:
- Breakingviews – Las Vegas tragedy strikes a U.S. inured to outrage (reuters.com)
- AECOM (ACM) versus The Competition Financial Comparison (americanbankingnews.com)
- AECOM (ACM) Given Average Rating of “Hold” by Analysts (americanbankingnews.com)
- AECOM (ACM) CEO Sells $1,110,000.00 in Stock (americanbankingnews.com)
- What Do You Say about Overbought stock: AECOM (ACM) – Voice Of Analysts (analystsbuzz.com)
Shares of AECOM (NYSE:ACM) opened at 37.06 on Tuesday. The stock has a 50 day moving average of $33.53 and a 200 day moving average of $33.18. AECOM has a 12-month low of $26.46 and a 12-month high of $40.72. The company has a market cap of $5.81 billion, a price-to-earnings ratio of 22.69 and a beta of 1.69.
AECOM (NYSE:ACM) last announced its earnings results on Tuesday, August 8th. The construction company reported $0.78 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.78. AECOM had a net margin of 1.46% and a return on equity of 12.19%. The company had revenue of $4.56 billion for the quarter, compared to analysts’ expectations of $4.54 billion. During the same period last year, the firm earned $0.81 earnings per share. The business’s revenue for the quarter was up 3.5% on a year-over-year basis. On average, equities analysts expect that AECOM will post $2.91 earnings per share for the current fiscal year.
AECOM declared that its board has approved a share buyback program on Thursday, September 21st that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the construction company to reacquire up to 18.3% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.
A number of equities analysts have recently issued reports on ACM shares. UBS AG set a $38.00 price objective on shares of AECOM and gave the company a “buy” rating in a research note on Monday, June 26th. Canaccord Genuity reaffirmed a “hold” rating and set a $36.00 price objective on shares of AECOM in a report on Tuesday, August 8th. Citigroup Inc. set a $40.00 target price on shares of AECOM and gave the company a “buy” rating in a research report on Thursday, August 17th. Credit Suisse Group reiterated a “hold” rating and set a $37.00 target price on shares of AECOM in a research report on Thursday, August 10th. Finally, KeyCorp reissued a “buy” rating on shares of AECOM in a research note on Friday, September 22nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the stock. AECOM currently has an average rating of “Hold” and an average target price of $38.64.
In other AECOM news, CEO Michael S. Burke sold 30,000 shares of AECOM stock in a transaction on Wednesday, September 27th. The stock was sold at an average price of $37.00, for a total value of $1,110,000.00. Following the completion of the transaction, the chief executive officer now directly owns 154,362 shares of the company’s stock, valued at approximately $5,711,394. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.14% of the stock is owned by company insiders.
AECOM Company Profile
AECOM is engaged in designing, building, financing and operating infrastructure assets for governments, businesses and organizations. The Company’s segments include design and consulting services (DCS), construction services (CS) and management services (MS). Its DCS segment is engaged in planning, consulting, architectural and engineering design services to commercial and government clients in major end markets, such as transportation, facilities, environmental, energy, water and government.
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