Zacks Investment Research lowered shares of Aecom (NYSE:ACM) from a buy rating to a hold rating in a research report report published on Wednesday morning.
According to Zacks, “AECOM has been witnessing robust prospects across most of its business segments. Also, favorable infrastructure spending trend in the United States is supplementing core revenue growth. Going forward, the company remains optimistic that favorable political climate will continue to unlock growth opportunities of the infrastructure and defense markets. Additionally, an increase in the proportion of higher margin work is benefiting AECOM’s segments. However, AECOM’s shares have underperformed its industry in the past year. Earnings estimates have remained stable over the past 60 days for fiscal 2018, limiting the upside potential for the stock. Dependence on global, political and economic conditions remain a major concern for the company.”
Several other equities research analysts have also issued reports on the company. Citigroup reduced their price target on Aecom from $49.00 to $45.00 and set a buy rating for the company in a report on Monday, July 23rd. Argus lowered Aecom from a buy rating to a hold rating in a report on Wednesday, August 15th. Credit Suisse Group reduced their price target on Aecom from $38.00 to $36.00 and set a neutral rating for the company in a report on Wednesday, August 8th. Finally, ValuEngine lowered Aecom from a hold rating to a sell rating in a report on Monday, October 8th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. Aecom presently has a consensus rating of Hold and an average target price of $35.67.
NYSE:ACM opened at $30.75 on Wednesday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.20 and a current ratio of 1.20. Aecom has a fifty-two week low of $30.37 and a fifty-two week high of $39.90. The stock has a market cap of $5.25 billion, a price-to-earnings ratio of 10.47, a price-to-earnings-growth ratio of 2.19 and a beta of 1.57.
Aecom (NYSE:ACM) last announced its quarterly earnings results on Tuesday, August 7th. The construction company reported $0.62 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.01. The business had revenue of $5.15 billion during the quarter, compared to analyst estimates of $4.88 billion. Aecom had a return on equity of 9.86% and a net margin of 0.72%. During the same period in the previous year, the company earned $0.78 EPS. As a group, equities analysts forecast that Aecom will post 2.68 earnings per share for the current fiscal year.
In other news, insider Lara Poloni sold 1,607 shares of Aecom stock in a transaction dated Monday, September 17th. The stock was sold at an average price of $32.49, for a total transaction of $52,211.43. Following the completion of the sale, the insider now directly owns 2,288 shares in the company, valued at approximately $74,337.12. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.74% of the stock is owned by insiders.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Moneta Group Investment Advisors LLC acquired a new stake in Aecom in the 2nd quarter worth approximately $185,000. Paloma Partners Management Co acquired a new stake in Aecom in the 2nd quarter worth approximately $242,000. Raymond James & Associates lifted its holdings in Aecom by 34.6% in the 2nd quarter. Raymond James & Associates now owns 7,952 shares of the construction company’s stock worth $263,000 after purchasing an additional 2,044 shares during the last quarter. Cornerstone Wealth Management LLC acquired a new stake in Aecom in the 2nd quarter worth approximately $300,000. Finally, ING Groep NV acquired a new stake in Aecom in the 2nd quarter worth approximately $342,000. Hedge funds and other institutional investors own 84.41% of the company’s stock.
Aecom Company Profile
AECOM, together with its subsidiaries, engages in designing, building, financing, and operating infrastructure assets worldwide. The company operates through four segments: Design and Consulting Services (DCS), Construction Services (CS), Management Services (MS), and AECOM Capital (ACAP). The DCS segment provides planning, consulting, architectural and engineering design, program management, and construction management services for industrial, commercial, institutional, and government clients, such as transportation, facilities, environmental, and energy/power markets.
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