AECOM (ACM) Debt Trading 2.6% Higher
An issue of AECOM (NYSE:ACM) debt rose 2.6% as a percentage of its face value during trading on Wednesday. The high-yield debt issue has a 5.125% coupon and is set to mature on March 15, 2027. The bonds in the issue are now trading at $103.43 and were trading at $100.75 last week. Price changes in a company’s debt in credit markets sometimes predict parallel changes in its stock price.
Several equities research analysts have recently weighed in on ACM shares. Argus reduced their price objective on AECOM from $43.00 to $33.00 and set a “buy” rating for the company in a research report on Friday, June 2nd. BidaskClub cut AECOM from a “sell” rating to a “strong sell” rating in a research report on Tuesday, June 20th. UBS AG set a $38.00 target price on AECOM and gave the stock a “buy” rating in a research report on Monday, June 26th. Credit Suisse Group reaffirmed a “buy” rating and issued a $44.00 target price on shares of AECOM in a research report on Thursday, June 29th. Finally, Robert W. Baird cut AECOM from an “outperform” rating to a “neutral” rating and set a $4.00 target price for the company. in a research report on Tuesday, July 4th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company’s stock. AECOM has a consensus rating of “Hold” and a consensus target price of $35.55.
AECOM (NYSE:ACM) opened at 33.50 on Friday. AECOM has a 12 month low of $26.46 and a 12 month high of $40.72. The company has a market capitalization of $5.25 billion, a PE ratio of 20.51 and a beta of 1.75. The company has a 50-day moving average price of $31.93 and a 200 day moving average price of $33.56.
AECOM (NYSE:ACM) last issued its quarterly earnings data on Tuesday, August 8th. The construction company reported $0.78 EPS for the quarter, meeting analysts’ consensus estimates of $0.78. AECOM had a return on equity of 12.19% and a net margin of 1.46%. The firm had revenue of $4.56 billion for the quarter, compared to analyst estimates of $4.54 billion. During the same period in the prior year, the firm posted $0.81 EPS. The company’s revenue for the quarter was up 3.5% on a year-over-year basis. On average, equities research analysts forecast that AECOM will post $2.91 EPS for the current fiscal year.
Several hedge funds have recently added to or reduced their stakes in the stock. Nomura Asset Management Co. Ltd. increased its stake in AECOM by 4.9% in the first quarter. Nomura Asset Management Co. Ltd. now owns 3,410 shares of the construction company’s stock worth $122,000 after buying an additional 160 shares during the last quarter. Financial Architects Inc increased its stake in AECOM by 1.0% in the second quarter. Financial Architects Inc now owns 4,632 shares of the construction company’s stock worth $150,000 after buying an additional 48 shares during the last quarter. Global X Management Co. LLC increased its stake in AECOM by 220.7% in the second quarter. Global X Management Co. LLC now owns 4,923 shares of the construction company’s stock worth $159,000 after buying an additional 3,388 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in AECOM by 12.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,359 shares of the construction company’s stock worth $173,000 after buying an additional 576 shares during the last quarter. Finally, GAM Holding AG bought a new stake in AECOM during the second quarter worth $194,000. Hedge funds and other institutional investors own 82.06% of the company’s stock.
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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