AECOM (NYSE:ACM) Lifted to “Buy” at StockNews.com

AECOM (NYSE:ACM – Get Rating) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Friday.

Several other equities research analysts have also weighed in on ACM. Argus upped their price objective on AECOM from $80.00 to $82.00 in a research note on Tuesday, February 15th. Needham & Company LLC upped their price objective on AECOM from $100.00 to $110.00 in a research note on Thursday, January 6th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, AECOM presently has a consensus rating of “Buy” and an average price target of $85.63.

ACM traded down $3.76 on Friday, hitting $72.58. 1,047,559 shares of the stock traded hands, compared to its average volume of 775,802. AECOM has a 52 week low of $58.36 and a 52 week high of $79.97. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.82. The firm has a market capitalization of $10.26 billion, a PE ratio of 50.76, a P/E/G ratio of 1.15 and a beta of 1.48. The business has a fifty day moving average price of $75.19 and a two-hundred day moving average price of $72.52.

AECOM (NYSE:ACM – Get Rating) last released its quarterly earnings data on Monday, February 7th. The construction company reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.12. AECOM had a return on equity of 16.26% and a net margin of 1.57%. The company had revenue of $3.27 billion for the quarter, compared to analyst estimates of $3.47 billion. During the same period in the prior year, the company posted $0.62 EPS. The company’s revenue was down 1.4% compared to the same quarter last year. On average, equities research analysts forecast that AECOM will post 3.4 EPS for the current fiscal year.

Large investors have recently bought and sold shares of the business. Toronto Dominion Bank acquired a new position in shares of AECOM in the 4th quarter valued at $2,785,000. Neuberger Berman Group LLC lifted its stake in shares of AECOM by 77.1% in the 3rd quarter. Neuberger Berman Group LLC now owns 43,133 shares of the construction company’s stock valued at $2,716,000 after purchasing an additional 18,775 shares during the period. Vahanian & Associates Financial Planning Inc. acquired a new position in shares of AECOM in the 4th quarter valued at $382,000. Illinois Municipal Retirement Fund lifted its stake in shares of AECOM by 21.7% in the 4th quarter. Illinois Municipal Retirement Fund now owns 25,918 shares of the construction company’s stock valued at $2,005,000 after purchasing an additional 4,625 shares during the period. Finally, State of New Jersey Common Pension Fund D lifted its stake in shares of AECOM by 3.6% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 72,303 shares of the construction company’s stock valued at $5,593,000 after purchasing an additional 2,525 shares during the period. 86.41% of the stock is currently owned by hedge funds and other institutional investors.

AECOM Company Profile (Get Rating)

AECOM, together with its subsidiaries, provides professional infrastructure consulting services for governments, businesses, and organizations in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates through three segments: Americas, International, and AECOM Capital. The company offers planning, consulting, architectural and engineering design, construction and program management, and investment and development services to commercial and government clients.

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