Aecom (NYSE:ACM) PT Set at $45.00 by Argus

Aecom (NYSE:ACM) has been assigned a $45.00 price target by investment analysts at Argus in a report issued on Tuesday, TipRanks reports. The brokerage currently has a “buy” rating on the construction company’s stock. Argus’ target price points to a potential upside of 9.28% from the company’s current price.

Several other research firms have also commented on ACM. Deutsche Bank upped their price target on shares of Aecom from $34.00 to $38.00 and gave the company a “hold” rating in a research report on Tuesday, June 18th. KeyCorp upped their price target on shares of Aecom from $40.00 to $48.00 and gave the company an “overweight” rating in a research report on Tuesday. ValuEngine lowered shares of Aecom from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Bank of America raised shares of Aecom from a “neutral” rating to a “buy” rating and upped their price target for the company from $37.00 to $45.00 in a research report on Monday. Finally, Barclays raised shares of Aecom from an “underweight” rating to an “overweight” rating and upped their price target for the company from $30.00 to $38.00 in a research report on Monday, August 19th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Aecom has a consensus rating of “Buy” and a consensus price target of $41.10.

NYSE:ACM traded up $0.63 during mid-day trading on Tuesday, reaching $41.18. The company’s stock had a trading volume of 627,709 shares, compared to its average volume of 1,099,513. Aecom has a 12-month low of $24.83 and a 12-month high of $40.85. The firm’s fifty day moving average price is $37.13 and its two-hundred day moving average price is $34.79. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.81. The stock has a market cap of $6.49 billion, a P/E ratio of 15.37, a PEG ratio of 1.31 and a beta of 1.72.

Aecom (NYSE:ACM) last issued its earnings results on Tuesday, August 6th. The construction company reported $0.72 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.74 by ($0.02). Aecom had a return on equity of 10.27% and a net margin of 1.46%. The business had revenue of $4.98 billion during the quarter, compared to analysts’ expectations of $5.25 billion. During the same period last year, the firm posted $0.62 EPS. Aecom’s quarterly revenue was down 3.3% compared to the same quarter last year. Analysts predict that Aecom will post 2.77 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Jacobs Levy Equity Management Inc. grew its stake in shares of Aecom by 37.5% during the 2nd quarter. Jacobs Levy Equity Management Inc. now owns 157,914 shares of the construction company’s stock valued at $5,977,000 after acquiring an additional 43,034 shares during the period. CIBC Asset Management Inc bought a new position in shares of Aecom during the 2nd quarter valued at approximately $224,000. M&T Bank Corp bought a new position in shares of Aecom during the 2nd quarter valued at approximately $271,000. Charles Schwab Investment Management Inc. grew its stake in shares of Aecom by 3.2% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 1,105,358 shares of the construction company’s stock valued at $41,838,000 after acquiring an additional 34,789 shares during the period. Finally, Allianz Asset Management GmbH grew its stake in shares of Aecom by 114.6% during the 2nd quarter. Allianz Asset Management GmbH now owns 65,172 shares of the construction company’s stock valued at $2,467,000 after acquiring an additional 34,802 shares during the period. 87.27% 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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