AECOM (ACM) Earns “Hold” Rating from Credit Suisse Group

Credit Suisse Group restated their hold rating on shares of AECOM (NYSE:ACM) in a research report report published on Thursday morning. They currently have a $37.00 target price on the construction company’s stock.

Several other analysts have also recently weighed in on the stock. Zacks Investment Research upgraded shares of AECOM from a hold rating to a buy rating and set a $37.00 price objective on the stock in a research report on Tuesday, April 18th. BidaskClub cut shares of AECOM from a sell rating to a strong sell rating in a research report on Tuesday, June 20th. Deutsche Bank AG restated a hold rating and set a $38.00 price objective (down previously from $41.00) on shares of AECOM in a research report on Saturday, April 22nd. Argus lowered their price objective on shares of AECOM from $43.00 to $33.00 and set a buy rating on the stock in a research report on Friday, June 2nd. Finally, Robert W. Baird cut shares of AECOM from an outperform rating to a neutral rating and set a $4.00 price objective on the stock. in a research report on Tuesday, July 4th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. AECOM has a consensus rating of Hold and an average price target of $35.10.

Shares of AECOM (NYSE:ACM) opened at 32.26 on Thursday. AECOM has a 1-year low of $26.46 and a 1-year high of $40.72. The company has a market cap of $5.06 billion, a PE ratio of 19.76 and a beta of 1.75. The firm’s 50 day moving average is $32.24 and its 200-day moving average is $34.15.

AECOM (NYSE:ACM) last posted its quarterly earnings data on Tuesday, August 8th. The construction company reported $0.78 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.78. The firm had revenue of $4.56 billion for the quarter, compared to analysts’ expectations of $4.54 billion. AECOM had a net margin of 1.46% and a return on equity of 12.19%. The business’s quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter last year, the company posted $0.81 EPS. Equities analysts expect that AECOM will post $2.92 earnings per share for the current year.

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Several institutional investors have recently added to or reduced their stakes in ACM. Menora Mivtachim Holdings LTD. raised its position in AECOM by 56.5% in the first quarter. Menora Mivtachim Holdings LTD. now owns 466,500 shares of the construction company’s stock valued at $16,603,000 after buying an additional 168,500 shares in the last quarter. Bronfman E.L. Rothschild L.P. raised its position in AECOM by 1.9% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 7,239 shares of the construction company’s stock valued at $258,000 after buying an additional 133 shares in the last quarter. DUPONT CAPITAL MANAGEMENT Corp raised its position in AECOM by 78.0% in the first quarter. DUPONT CAPITAL MANAGEMENT Corp now owns 88,900 shares of the construction company’s stock valued at $3,164,000 after buying an additional 38,970 shares in the last quarter. Bank of Montreal Can raised its position in AECOM by 12.2% in the first quarter. Bank of Montreal Can now owns 30,036 shares of the construction company’s stock valued at $1,069,000 after buying an additional 3,255 shares in the last quarter. Finally, Prudential Financial Inc. raised its position in AECOM by 107.8% in the first quarter. Prudential Financial Inc. now owns 974,764 shares of the construction company’s stock valued at $34,692,000 after buying an additional 505,728 shares in the last quarter. 82.80% of the stock is currently owned by institutional investors.

About AECOM

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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