AECOM (NYSE:ACM)‘s stock had its “buy” rating restated by research analysts at UBS AG in a research note issued on Tuesday. They presently have a $4.00 price objective on the construction company’s stock. UBS AG’s price objective indicates a potential downside of 88.41% from the stock’s current price.
Other equities research analysts also recently issued research reports about the company. Credit Suisse Group reiterated a “neutral” rating and issued a $3.00 price objective on shares of AECOM in a research report on Tuesday. Canaccord Genuity reiterated a “hold” rating and issued 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. Finally, Zacks Investment Research downgraded AECOM from a “hold” rating to a “strong sell” rating in a research report on Friday, August 11th. One investment 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’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $28.40.
AECOM (NYSE ACM) traded down $1.12 during trading hours on Tuesday, hitting $34.51. The company’s stock had a trading volume of 274,723 shares, compared to its average volume of 961,692. The stock has a market capitalization of $5,580.00, a P/E ratio of 12.49, a P/E/G ratio of 1.89 and a beta of 1.71. AECOM has a 12-month low of $30.15 and a 12-month high of $40.72. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.96.
AECOM (NYSE:ACM) last posted its earnings results on Monday, November 13th. The construction company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.03. The firm 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 12.19% and a net margin of 1.46%. The business’s quarterly revenue was up 12.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.65 earnings per share. equities analysts forecast that AECOM will post 2.9 earnings per share for the current year.
AECOM declared that its board has approved a share buyback plan on Thursday, September 21st that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the construction company to reacquire up to 18.3% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.
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In related news, CEO Michael S. Burke sold 30,000 shares of the 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 transaction, 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 can be accessed through this hyperlink. Also, CEO Michael S. Burke sold 56,800 shares of the stock in a transaction on 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. 1.14% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. South Dakota Investment Council increased its stake in AECOM by 16.5% in the second quarter. South Dakota Investment Council now owns 246,100 shares of the construction company’s stock valued at $7,956,000 after acquiring an additional 34,900 shares during the last quarter. BNP Paribas Arbitrage SA increased its stake in AECOM by 15.1% in the second quarter. BNP Paribas Arbitrage SA now owns 92,861 shares of the construction company’s stock valued at $3,002,000 after acquiring an additional 12,167 shares during the last quarter. Commonwealth Bank of Australia increased its stake in AECOM by 210.0% in the second quarter. Commonwealth Bank of Australia now owns 12,400 shares of the construction company’s stock valued at $400,000 after acquiring an additional 8,400 shares during the last quarter. J.P. Marvel Investment Advisors LLC increased its stake in AECOM by 18.3% in the second quarter. J.P. Marvel Investment Advisors LLC now owns 25,820 shares of the construction company’s stock valued at $835,000 after acquiring an additional 4,000 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in AECOM by 53.7% in the second quarter. JPMorgan Chase & Co. now owns 401,338 shares of the construction company’s stock valued at $12,975,000 after acquiring an additional 140,274 shares during the last quarter. 82.07% of the stock is currently owned by institutional investors and hedge funds.
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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