AECOM’s (ACM) “Neutral” Rating Reaffirmed at Credit Suisse Group
A number of other equities analysts also recently commented on ACM. Canaccord Genuity reiterated a hold rating and set a $36.00 price objective on shares of AECOM in a research report on Tuesday, August 8th. Citigroup Inc. set a $40.00 price objective on AECOM and gave the stock a buy rating in a research report on Thursday, August 17th. KeyCorp reiterated a buy rating on shares of AECOM in a research report on Friday, September 22nd. Zacks Investment Research downgraded AECOM from a hold rating to a strong sell rating in a research report on Friday, August 11th. Finally, Robert W. Baird reiterated a neutral rating and set a $38.00 price objective (up previously from $36.00) on shares of AECOM in a research report on Friday, September 22nd. One research analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company. The stock presently has an average rating of Hold and a consensus target price of $31.70.
AECOM (NYSE ACM) opened at $34.72 on Tuesday. The firm has a market capitalization of $5,400.00, a P/E ratio of 11.64, a PEG ratio of 1.83 and a beta of 1.71. AECOM has a 1 year low of $30.15 and a 1 year high of $40.72. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.22 and a quick ratio of 1.22.
AECOM (NYSE:ACM) last released its earnings results on Monday, November 13th. The construction company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.03. The business had revenue of $4.86 billion for the quarter, compared to the consensus estimate of $4.63 billion. AECOM had a return on equity of 12.51% and a net margin of 1.86%. The business’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.65 earnings per share. sell-side analysts expect that AECOM will post 2.68 EPS for the current year.
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AECOM announced that its board has initiated a stock repurchase program on Thursday, September 21st that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the construction company to buy up to 18.3% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.
In other AECOM news, CEO Michael S. Burke sold 30,000 shares of the firm’s stock in a transaction on Wednesday, September 27th. The stock was sold at an average price of $37.00, for a total transaction of $1,110,000.00. Following the completion of the sale, the chief executive officer now owns 154,362 shares of the company’s stock, valued at $5,711,394. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Michael S. Burke sold 56,800 shares of the firm’s stock in a transaction on Thursday, October 5th. The stock was sold at an average price of $36.86, for a total value of $2,093,648.00. The disclosure for this sale can be found here. 0.73% of the stock is owned by company insiders.
A number of hedge funds have recently bought and sold shares of ACM. Crow Point Partners LLC acquired a new stake in shares of AECOM in the third quarter valued at $102,000. Nomura Asset Management Co. Ltd. grew its stake in shares of AECOM by 4.9% in the first quarter. Nomura Asset Management Co. Ltd. now owns 3,410 shares of the construction company’s stock valued at $122,000 after buying an additional 160 shares in the last quarter. Financial Architects Inc grew its stake in shares of AECOM by 1.0% in the second quarter. Financial Architects Inc now owns 4,632 shares of the construction company’s stock valued at $150,000 after buying an additional 48 shares in the last quarter. Global X Management Co. LLC grew its stake in shares of AECOM by 220.7% in the second quarter. Global X Management Co. LLC now owns 4,923 shares of the construction company’s stock valued at $159,000 after buying an additional 3,388 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of AECOM by 12.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,359 shares of the construction company’s stock valued at $173,000 after buying an additional 576 shares in the last quarter. 82.07% of the stock is owned by institutional investors.
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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