Latest Stocks: Brokerages Set Aecom (ACM) Price Target at $41.67

Latest Stocks: Brokerages Set Aecom (ACM) Price Target at $41.67

Aecom (NYSE:ACM) has received a consensus recommendation of “Hold” from the ten analysts that are presently covering the company, Marketbeat reports. Five analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month target price among analysts that have covered the stock in the last year is $40.00.

A number of equities research analysts have recently weighed in on ACM shares. TheStreet raised shares of Aecom from a “c+” rating to a “b” rating in a report on Thursday, March 16th. DA Davidson reissued a “neutral” rating on shares of Aecom in a report on Wednesday, February 8th. Argus dropped their price objective on shares of Aecom from $43.00 to $33.00 and set a “buy” rating on the stock in a report on Friday. Zacks Investment Research raised shares of Aecom from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a report on Tuesday, April 18th. Finally, Deutsche Bank AG reissued a “hold” rating and set a $38.00 price objective (down from $41.00) on shares of Aecom in a report on Saturday, April 22nd.

In other Aecom news, EVP Carla J. Christofferson sold 9,599 shares of the company’s stock in a transaction on Friday, March 24th. The shares were sold at an average price of $34.60, for a total value of $332,125.40. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.14% of the stock is currently owned by corporate insiders. Several large investors have recently bought and sold shares of ACM. Webster Bank N. A. raised its stake in Aecom by 39.8% in the first quarter. Webster Bank N. A. now owns 4,110 shares of the construction company’s stock valued at $146,000 after buying an additional 1,170 shares during the last quarter. Financial Architects Inc raised its stake in Aecom by 30.8% in the first quarter. Financial Architects Inc now owns 4,584 shares of the construction company’s stock valued at $163,000 after buying an additional 1,079 shares during the last quarter. Raymond James Financial Services Advisors Inc. purchased a new stake in Aecom during the first quarter valued at about $203,000. Laurion Capital Management LP purchased a new stake in Aecom during the first quarter valued at about $221,000. Finally, A.R.T. Advisors LLC purchased a new stake in Aecom during the fourth quarter valued at about $236,000. 84.21% of the stock is currently owned by institutional investors and hedge funds.

Aecom (NYSE:ACM) opened at 32.43 on Tuesday. The stock has a market cap of $5.05 billion, a PE ratio of 22.84 and a beta of 1.90. Aecom has a 52-week low of $26.46 and a 52-week high of $40.72. The firm has a 50-day moving average price of $33.21 and a 200 day moving average price of $35.77. Aecom (NYSE:ACM) last issued its quarterly earnings results on Tuesday, May 9th. The construction company reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.34. The business had revenue of $4.43 billion for the quarter, compared to the consensus estimate of $4.47 billion. Aecom had a return on equity of 11.87% and a net margin of 2.62%. The business’s quarterly revenue was up 1.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.87 earnings per share. On average, analysts forecast that Aecom will post $2.97 earnings per share for the current fiscal year.

Aecom (NYSE:ACM) opened at 32.43 on Tuesday. The stock has a market cap of $5.05 billion, a PE ratio of 22.84 and a beta of 1.90. Aecom has a 52-week low of $26.46 and a 52-week high of $40.72. The firm has a 50-day moving average price of $33.21 and a 200 day moving average price of $35.77. Aecom Company Profile

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