AECOM’s (ACM) Buy Rating Reiterated at UBS AG
UBS AG reaffirmed their buy rating on shares of AECOM (NYSE:ACM) in a research report sent to investors on Tuesday morning, www.benzinga.com reports. UBS AG currently has a $4.00 price objective on the construction company’s stock, down from their previous price objective of $40.00.
A number of other research firms also recently issued reports on ACM. Credit Suisse Group reissued a neutral rating on shares of AECOM in a research report on Tuesday. Citigroup Inc. reissued a buy rating and set a $4.00 price target (down previously from $40.00) on shares of AECOM in a research report on Friday, October 27th. Robert W. Baird reaffirmed a neutral rating and set a $38.00 price objective (up previously from $36.00) on shares of AECOM in a research report on Friday, September 22nd. KeyCorp reaffirmed a buy rating on shares of AECOM in a research report on Friday, September 22nd. Finally, Zacks Investment Research raised AECOM from a strong sell rating to a hold rating in a research report on Tuesday, September 19th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the stock. AECOM has a consensus rating of Hold and a consensus price target of $31.70.
AECOM (NYSE ACM) traded up $0.47 on Tuesday, hitting $34.51. The stock had a trading volume of 725,300 shares, compared to its average volume of 965,685. AECOM has a fifty-two week low of $30.15 and a fifty-two week high of $40.72. The company has a quick ratio of 1.22, a current ratio of 1.20 and a debt-to-equity ratio of 0.88. The company has a market cap of $5,490.00, a P/E ratio of 11.58, a price-to-earnings-growth ratio of 1.83 and a beta of 1.71.
AECOM (NYSE:ACM) last posted its quarterly earnings results on Monday, November 13th. The construction company reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.03. AECOM had a return on equity of 12.12% and a net margin of 1.86%. The business had revenue of $4.86 billion for the quarter, compared to the consensus estimate of $4.63 billion. During the same quarter in the prior year, the company earned $0.65 EPS. The business’s revenue was up 12.3% compared to the same quarter last year. equities analysts forecast that AECOM will post 2.66 EPS for the current fiscal year.
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AECOM declared that its Board of Directors has initiated a stock repurchase program on Thursday, September 21st that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the construction company to repurchase up to 18.3% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.
In related news, CEO Michael S. Burke sold 30,000 shares of AECOM stock in a transaction that occurred on Wednesday, September 27th. The stock was sold at an average price of $37.00, for a total transaction of $1,110,000.00. Following the completion of the transaction, the chief executive officer now directly owns 154,362 shares in the company, valued at $5,711,394. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Michael S. Burke sold 56,800 shares of AECOM stock in a transaction that occurred on Thursday, October 5th. The shares were sold at an average price of $36.86, for a total value of $2,093,648.00. The disclosure for this sale can be found here. Company insiders own 0.73% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Crow Point Partners LLC purchased a new stake in shares of AECOM in the third quarter valued at approximately $102,000. Nomura Asset Management Co. Ltd. increased its position 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 valued at $122,000 after buying an additional 160 shares in the last quarter. Financial Architects Inc increased its position in shares of AECOM by 1.0% in the second quarter. Financial Architects Inc now owns 4,632 shares of the construction company’s stock valued at $150,000 after buying an additional 48 shares in the last quarter. Global X Management Co. LLC increased its position in shares of AECOM by 220.7% in the second quarter. Global X Management Co. LLC now owns 4,923 shares of the construction company’s stock valued at $159,000 after buying an additional 3,388 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of AECOM by 12.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,359 shares of the construction company’s stock valued at $173,000 after buying an additional 576 shares in the last quarter. Institutional investors and hedge funds own 82.07% 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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