Aecom (NYSE:ACM) had its price objective lifted by Barclays from $38.00 to $48.00 in a research note issued to investors on Wednesday, 24/7 WallStreet reports. They currently have an overweight rating on the construction company’s stock.

A number of other analysts have also commented on ACM. Deutsche Bank raised Aecom from a hold rating to a buy rating and boosted their target price for the company from $44.00 to $49.00 in a research report on Tuesday, November 5th. ValuEngine lowered Aecom from a buy rating to a hold rating in a research report on Thursday, August 1st. Citigroup boosted their target price on Aecom from $43.00 to $47.00 and gave the company a buy rating in a research report on Tuesday, October 15th. Bank of America raised Aecom from a neutral rating to a buy rating and boosted their target price for the company from $37.00 to $45.00 in a research report on Monday, October 14th. Finally, KeyCorp boosted their target price on Aecom from $40.00 to $48.00 and gave the company an overweight rating in a research report on Tuesday, October 15th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has an average rating of Buy and an average price target of $45.44.

Aecom stock traded down $0.32 during midday trading on Wednesday, reaching $43.19. The stock had a trading volume of 868,880 shares, compared to its average volume of 1,171,082. Aecom has a 12 month low of $24.83 and a 12 month high of $44.36. The company has a market capitalization of $6.83 billion, a P/E ratio of 15.71, a PEG ratio of 1.41 and a beta of 1.75. The company has a fifty day moving average price of $39.75 and a two-hundred day moving average price of $36.20. The company has a current ratio of 1.17, a quick ratio of 1.22 and a debt-to-equity ratio of 0.84.

Aecom (NYSE:ACM) last issued its earnings results on Tuesday, November 12th. The construction company reported $0.79 EPS for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.01). Aecom had a negative net margin of 1.29% and a positive return on equity of 10.32%. The firm had revenue of $5.12 billion during the quarter, compared to the consensus estimate of $5.30 billion. During the same period in the previous year, the firm earned $0.83 earnings per share. The business’s quarterly revenue was down 3.6% on a year-over-year basis. On average, equities research analysts predict that Aecom will post 3.31 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently modified their holdings of ACM. Retirement Systems of Alabama increased its holdings in Aecom by 0.7% during the 2nd quarter. Retirement Systems of Alabama now owns 204,655 shares of the construction company’s stock worth $7,746,000 after purchasing an additional 1,458 shares in the last quarter. Sound Income Strategies LLC bought a new stake in Aecom during the 2nd quarter worth approximately $155,000. Fox Run Management L.L.C. bought a new stake in Aecom during the 2nd quarter worth approximately $444,000. Arizona State Retirement System increased its holdings in Aecom by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 114,197 shares of the construction company’s stock worth $4,322,000 after purchasing an additional 2,112 shares in the last quarter. Finally, Virginia Retirement Systems ET AL increased its holdings in Aecom by 6.7% during the 2nd quarter. Virginia Retirement Systems ET AL now owns 19,100 shares of the construction company’s stock worth $723,000 after purchasing an additional 1,200 shares in the last quarter. 86.49% of the stock is owned by hedge funds and other institutional investors.

Aecom Company Profile

AECOM, together with its subsidiaries, engages in designing, building, financing, and operating infrastructure assets worldwide. It operates through four segments: Design and Consulting Services (DCS), Construction Services (CS), Management Services (MS), and AECOM Capital (ACAP). The DCS segment offers planning, consulting, architectural and engineering design, program management, and construction management services for industrial, commercial, institutional, and government clients, including the transportation, facilities, environmental, energy, and water markets.

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Analyst Recommendations for Aecom (NYSE:ACM)

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