Aecom (NYSE:ACM) Hits New 52-Week High at $40.25

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Shares of Aecom (NYSE:ACM) hit a new 52-week high during trading on Monday . The company traded as high as $40.25 and last traded at $39.29, with a volume of 1006685 shares traded. The stock had previously closed at $37.16.

A number of brokerages recently commented on ACM. Deutsche Bank boosted their target price on shares of Aecom from $34.00 to $38.00 and gave the stock a “hold” rating in a research note on Tuesday, June 18th. Argus upgraded shares of Aecom from a “hold” rating to a “buy” rating and set a $44.00 price objective for the company in a research note on Friday, September 20th. Barclays upgraded shares of Aecom from an “underweight” rating to an “overweight” rating and upped their price objective for the company from $30.00 to $38.00 in a research note on Monday, August 19th. Bank of America assumed coverage on shares of Aecom in a research note on Thursday, August 22nd. They issued a “neutral” rating for the company. Finally, Credit Suisse Group upped their price objective on shares of Aecom from $32.00 to $39.00 and gave the company a “neutral” rating in a research note on Tuesday, June 18th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Aecom presently has an average rating of “Buy” and an average target price of $38.44.

The business’s fifty day moving average price is $36.60 and its 200 day moving average price is $34.56. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.81. The firm has a market capitalization of $5.81 billion, a PE ratio of 14.61, a PEG ratio of 1.22 and a beta of 1.72.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Municipal Employees Retirement System of Michigan grew its holdings in Aecom by 1.3% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 28,860 shares of the construction company’s stock worth $1,092,000 after acquiring an additional 360 shares in the last quarter. Advisory Services Network LLC grew its holdings in Aecom by 310.2% during the 2nd quarter. Advisory Services Network LLC now owns 1,005 shares of the construction company’s stock worth $38,000 after acquiring an additional 760 shares in the last quarter. Oppenheimer Asset Management Inc. grew its holdings in Aecom by 17.3% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 6,693 shares of the construction company’s stock worth $253,000 after acquiring an additional 985 shares in the last quarter. Virginia Retirement Systems ET AL grew its holdings in Aecom by 6.7% during the 2nd quarter. Virginia Retirement Systems ET AL now owns 19,100 shares of the construction company’s stock worth $723,000 after acquiring an additional 1,200 shares in the last quarter. Finally, Tyers Asset Management LLC grew its holdings in Aecom by 8.9% during the 2nd quarter. Tyers Asset Management LLC now owns 14,672 shares of the construction company’s stock worth $555,000 after acquiring an additional 1,200 shares in the last quarter. 87.27% of the stock is owned by hedge funds and other institutional investors.

Aecom Company Profile (NYSE:ACM)

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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