Recent Research Analysts’ Ratings Updates for AECOM (ACM)
A number of research firms have changed their ratings and price targets for AECOM (NYSE: ACM):
- 8/10/2017 – AECOM had its “hold” rating reaffirmed by analysts at Credit Suisse Group. They now have a $37.00 price target on the stock.
- 8/8/2017 – AECOM had its “hold” rating reaffirmed by analysts at Canaccord Genuity. They now have a $36.00 price target on the stock.
- 7/24/2017 – AECOM was downgraded by analysts at Credit Suisse Group from an “outperform” rating to a “neutral” rating. They now have a $37.00 price target on the stock, down previously from $44.00.
- 7/21/2017 – AECOM was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. 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.”
- 7/18/2017 – AECOM had its “buy” rating reaffirmed by analysts at Citigroup Inc.. They now have a $40.00 price target on the stock, down previously from $45.00.
- 7/4/2017 – AECOM was downgraded by analysts at Robert W. Baird from an “outperform” rating to a “neutral” rating. They now have a $4.00 price target on the stock.
- 6/29/2017 – AECOM had its “buy” rating reaffirmed by analysts at Credit Suisse Group. They now have a $44.00 price target on the stock. They wrote, “We believe Randy will be a very capable COO with more than 30 years of experience in the Engineering and Construction industry and given his more recent role as President of Technical and Operational Services. Mr. Wotring joined AECOM from URS Corporation where he previously served as President of Federal Services. In conjunction, ACM announced Stephen Kadenacy is leaving his position as President and Chief Operating Officer. We believe the market will view this as a surprise given his tenure at ACM and recent promotion to President and Chief Operating Officer. We do not believe this reflects any operational issues at the firm. Instead, we believe Mr. Kadenacy left the firm to pursue an opportunity with even greater responsibility and career advancement in the near-term.””
- 6/26/2017 – AECOM was given a new $38.00 price target on by analysts at UBS Group AG. They now have a “buy” rating on the stock.
- 6/20/2017 – AECOM was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
AECOM (NYSE:ACM) opened at 31.96 on Friday. AECOM has a 12-month low of $26.46 and a 12-month high of $40.72. The company’s 50-day moving average is $32.24 and its 200 day moving average is $34.18. The stock has a market capitalization of $4.98 billion, a PE ratio of 19.57 and a beta of 1.75.
AECOM (NYSE:ACM) last posted its earnings results on Tuesday, August 8th. The construction company reported $0.78 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.78. The firm had revenue of $4.56 billion during the quarter, compared to analyst estimates of $4.54 billion. AECOM had a net margin of 1.46% and a return on equity of 12.44%. AECOM’s revenue was up 3.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.81 EPS. On average, analysts predict that AECOM will post $2.92 EPS for the current year.
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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