AECOM (NYSE:ACM) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Friday.
According to Zacks, “AECOM has been suffering on account of uncertainties surrounding the Trump administration’s infrastructure spending plans. Concerns about economic growth are also hurting the company’s prospects. AECOM’s shares have underperformed the Zacks categorized Engineering/R&D Services industry average. Over the past one year, AECOM’s shares have underperformed the Zacks categorized Engineering/R&D Services industry average. Volatility in the oil and gas market, with declining prices and contracting spending levels, has been restraining the company’s projects and orders. Moreover, cyclical demand of the company’s services and currency fluctuations are likely to thwart growth, going forward. On the positive side, the company remains optimistic that favorable political climate will eventually drive solid growth of the infrastructure and defense markets globally.”
Other research analysts have also issued research reports about the company. Citigroup Inc. reaffirmed a “buy” rating and set a $40.00 target price (down previously from $45.00) on shares of AECOM in a report on Tuesday, July 18th. Credit Suisse Group AG reaffirmed a “buy” rating and set a $44.00 target price on shares of AECOM in a report on Thursday, June 29th. UBS AG set a $38.00 target price on AECOM and gave the company a “buy” rating in a report on Monday, June 26th. Argus reduced their target price on AECOM from $43.00 to $33.00 and set a “buy” rating for the company in a report on Friday, June 2nd. Finally, Deutsche Bank AG reaffirmed a “hold” rating and set a $38.00 target price (down previously from $41.00) on shares of AECOM in a report on Saturday, April 22nd. Two research analysts have rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $36.00.
Shares of AECOM (NYSE ACM) opened at 32.02 on Friday. The company has a market cap of $4.99 billion, a PE ratio of 22.55 and a beta of 1.75. AECOM has a 52-week low of $26.46 and a 52-week high of $40.72. The company’s 50-day moving average is $32.61 and its 200 day moving average is $34.63.
AECOM (NYSE:ACM) last posted its earnings results on Tuesday, May 9th. The construction company reported $0.89 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.34. The business had revenue of $4.43 billion during the quarter, compared to analyst estimates of $4.47 billion. AECOM had a return on equity of 12.40% and a net margin of 1.28%. The company’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.87 EPS. On average, analysts anticipate that AECOM will post $2.95 EPS for the current year.
Hedge funds have recently modified their holdings of the stock. Nomura Asset Management Co. Ltd. increased its stake in shares of 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 period. Webster Bank N. A. increased its stake in shares of AECOM by 39.8% in the first quarter. Webster Bank N. A. now owns 4,110 shares of the construction company’s stock worth $146,000 after buying an additional 1,170 shares during the period. Financial Architects Inc increased its stake in shares of AECOM by 30.8% in the first quarter. Financial Architects Inc now owns 4,584 shares of the construction company’s stock worth $163,000 after buying an additional 1,079 shares during the period. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of AECOM during the first quarter worth about $203,000. Finally, Laurion Capital Management LP acquired a new stake in shares of AECOM during the first quarter worth about $221,000. Hedge funds and other institutional investors own 82.48% of the company’s stock.
AECOM Company Profile
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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