KeyCorp reissued their buy rating on shares of AECOM (NYSE:ACM) in a research note published on Friday. The brokerage currently has a $40.00 price objective on the construction company’s stock.

ACM has been the subject of a number of other research reports. BidaskClub cut shares of AECOM from a sell rating to a strong sell rating in a report on Tuesday, June 20th. Robert W. Baird cut shares of AECOM from an outperform rating to a neutral rating and set a $4.00 price objective for the company. in a report on Tuesday, July 4th. Canaccord Genuity reaffirmed a hold rating and issued a $36.00 price objective on shares of AECOM in a report on Tuesday, August 8th. Credit Suisse Group reaffirmed a hold rating and issued a $37.00 price objective on shares of AECOM in a report on Thursday, August 10th. Finally, Citigroup Inc. reaffirmed a buy rating and issued a $40.00 price objective (down previously from $45.00) on shares of AECOM in a report on Tuesday, July 18th. Two analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of $35.55.

AECOM (NYSE ACM) opened at 31.59 on Friday. The company has a market capitalization of $4.95 billion, a price-to-earnings ratio of 19.34 and a beta of 1.75. The firm’s 50-day moving average price is $31.93 and its 200 day moving average price is $33.71. AECOM has a one year low of $26.46 and a one year high of $40.72.

AECOM (NYSE:ACM) last released its quarterly earnings data on Tuesday, August 8th. The construction company reported $0.78 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.78. AECOM had a net margin of 1.46% and a return on equity of 12.19%. The company had revenue of $4.56 billion during the quarter, compared to analysts’ expectations of $4.54 billion. During the same quarter in the previous year, the company earned $0.81 earnings per share. The firm’s revenue for the quarter was up 3.5% on a year-over-year basis. On average, equities research analysts expect that AECOM will post $2.91 earnings per share for the current fiscal year.

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A number of institutional investors have recently bought and sold shares of ACM. Nomura Asset Management Co. Ltd. raised its position in AECOM by 4.9% in the first quarter. Nomura Asset Management Co. Ltd. now owns 3,410 shares of the construction company’s stock worth $122,000 after buying an additional 160 shares during the last quarter. Webster Bank N. A. raised its position in AECOM by 39.8% in the first quarter. Webster Bank N. A. now owns 4,110 shares of the construction company’s stock worth $146,000 after buying an additional 1,170 shares during the last quarter. Financial Architects Inc raised its position in AECOM by 1.0% in the second quarter. Financial Architects Inc now owns 4,632 shares of the construction company’s stock worth $150,000 after buying an additional 48 shares during the last quarter. Global X Management Co. LLC raised its position in AECOM by 220.7% in the second quarter. Global X Management Co. LLC now owns 4,923 shares of the construction company’s stock worth $159,000 after buying an additional 3,388 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in AECOM by 12.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,359 shares of the construction company’s stock worth $173,000 after buying an additional 576 shares during the last quarter. Hedge funds and other institutional investors own 82.55% 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.

Analyst Recommendations for AECOM (NYSE:ACM)

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