Aecom (NYSE:ACM) has earned an average rating of “Hold” from the thirteen research firms that are presently covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $29.50.

Several brokerages recently commented on ACM. Barclays began coverage on Aecom in a report on Tuesday. They issued an “underweight” rating and a $34.00 price objective for the company. Argus lifted their price objective on Aecom from $37.00 to $43.00 and gave the stock a “buy” rating in a report on Monday, November 27th. They noted that the move was a valuation call. Canaccord Genuity reaffirmed a “hold” rating and issued a $36.00 price objective on shares of Aecom in a report on Tuesday, November 14th. DA Davidson reaffirmed a “hold” rating and issued a $39.00 price objective on shares of Aecom in a report on Tuesday, November 14th. Finally, UBS reaffirmed a “buy” rating and issued a $4.00 price objective (down previously from $40.00) on shares of Aecom in a report on Tuesday, November 14th.

In other Aecom news, CEO Michael S. Burke sold 30,000 shares of the business’s stock in a transaction dated 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael S. Burke sold 56,800 shares of the business’s stock in a transaction dated Thursday, October 5th. The shares were 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. Insiders have sold 121,190 shares of company stock valued at $4,540,468 in the last three months. 0.73% of the stock is currently owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the business. Crow Point Partners LLC bought a new stake in Aecom during the third quarter valued at about $102,000. Global X Management Co. LLC grew its holdings in Aecom by 220.7% during the second quarter. Global X Management Co. LLC now owns 4,923 shares of the construction company’s stock valued at $159,000 after purchasing an additional 3,388 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Aecom by 12.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,359 shares of the construction company’s stock valued at $173,000 after purchasing an additional 576 shares during the period. GAM Holding AG bought a new stake in Aecom during the second quarter valued at about $194,000. Finally, CIBC Asset Management Inc bought a new stake in Aecom during the third quarter valued at about $204,000. 82.39% of the stock is owned by institutional investors and hedge funds.

Aecom (NYSE ACM) traded down $0.79 during mid-day trading on Friday, hitting $37.49. The stock had a trading volume of 1,267,400 shares, compared to its average volume of 989,581. Aecom has a 52-week low of $30.15 and a 52-week high of $39.50. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $6,033.86, a PE ratio of 13.02, a P/E/G ratio of 2.06 and a beta of 1.73.

Aecom (NYSE:ACM) last posted its quarterly earnings results on Monday, November 13th. The construction company reported $0.74 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.03. Aecom had a return on equity of 12.12% and a net margin of 1.86%. The firm had revenue of $4.86 billion during the quarter, compared to analysts’ expectations of $4.63 billion. During the same quarter in the previous year, the business earned $0.65 earnings per share. The company’s revenue was up 12.3% on a year-over-year basis. analysts expect that Aecom will post 2.66 EPS for the current year.

Aecom announced that its board has initiated a stock buyback plan on Thursday, September 21st that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the construction company to buy up to 18.3% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

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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.

Analyst Recommendations for Aecom (NYSE:ACM)

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