Favorable Press Coverage Likely to Affect AECOM (ACM) Share Price

Xavier Trudeau
Juillet 17, 2017

The company has market cap of $5.03 billion.

Among 12 analysts covering Aecom Technology (NYSE:ACM), 7 have Buy rating, 0 Sell and 5 Hold. FMR LLC raised its position in AECOM by 1.4% in the first quarter. FMR LLC now owns 23,297,186 shares of the construction company's stock worth $829,147,000 after buying an additional 332,588 shares during the last quarter. Financial Architects Inc now owns 4,584 shares of the construction company's stock worth $163,000 after buying an additional 1,079 shares during the last quarter. Raymond James Financial Services Advisors Inc. purchased a new position in shares of AECOM during the first quarter worth approximately $203,000.

A number of hedge funds have recently modified their holdings of the company. They presently have a $4.00 target price on the construction company's stock. Employees Retirement System of Texas bought a new stake in shares of AECOM during the fourth quarter worth $1,782,000. BlackRock Inc. now owns 12,670,699 shares of the construction company's stock worth $450,949,000 after buying an additional 12,588,492 shares in the last quarter.

ACM has been the subject of several analyst reports.

Aecom Technology Corp (NYSE:ACM) institutional sentiment decreased to 1.07 in 2016 Q4. Finally, BidaskClub lowered shares of AECOM from a "sell" rating to a "strong sell" rating in a research report on Tuesday, June 20th. The firm's revenue for the quarter was up 1.0% on a year-over-year basis. Credit Suisse Group restated a "buy" rating and set a $44.00 price target on shares of AECOM in a research report on Thursday, June 29th. TheStreet upgraded shares of AECOM from a "c+" rating to a "b" rating in a research report on Thursday, March 16th. Zacks Investment Research upgraded shares of AECOM from a "hold" rating to a "buy" rating and set a $37.00 price target for the company in a research report on Tuesday, April 18th. The stock's average target of $35.55 is 7.66% above today's ($33.02) share price.

AECOM (NYSE:ACM) last released its quarterly earnings results on Tuesday, May 9th. Steinberg Asset Management Llc owns 287,890 shares or 3.99% of their U.S. portfolio. Deutsche Bank AG reaffirmed a "hold" rating and issued a $38.00 price objective (down from $41.00) on shares of AECOM in a report on Saturday, April 22nd. The construction company reported $0.89 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.55 by $0.34. The firm had revenue of $4.43 billion for the quarter, compared to the consensus estimate of $4.47 billion. Norges Bank purchased a new stake in AECOM during the fourth quarter valued at $43,483,000. One analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company's stock. During the same quarter in the prior year, the company earned $0.87 earnings per share. AECOM now has an average rating of "Hold" and a consensus target price of $36.30. On average, analysts expect that AECOM will post $2.95 earnings per share for the current year.

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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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