Barclays upgraded shares of Aecom (NYSE:ACM) from an underweight rating to an overweight rating in a research report sent to investors on Monday morning, BenzingaRatingsTable reports. Barclays currently has $38.00 price objective on the construction company’s stock, up from their previous price objective of $30.00.

Several other equities research analysts have also weighed in on ACM. TheStreet raised Aecom from a c+ rating to a b- rating in a research report on Monday, April 29th. ValuEngine downgraded Aecom from a buy rating to a hold rating in a research note on Thursday, August 1st. Deutsche Bank raised their price target on Aecom from $34.00 to $38.00 and gave the stock a hold rating in a research note on Tuesday, June 18th. Finally, Credit Suisse Group raised their price target on Aecom from $32.00 to $39.00 and gave the stock a neutral rating in a research note on Tuesday, June 18th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of Buy and an average target price of $37.75.

Shares of NYSE ACM opened at $33.82 on Monday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.22 and a current ratio of 1.22. Aecom has a fifty-two week low of $24.83 and a fifty-two week high of $38.20. The firm has a market capitalization of $5.33 billion, a PE ratio of 12.62 and a beta of 1.78. The stock’s 50-day simple moving average is $35.55 and its 200-day simple moving average is $33.00.

Aecom (NYSE:ACM) last issued its earnings results on Tuesday, August 6th. The construction company reported $0.72 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.02). Aecom had a return on equity of 10.27% and a net margin of 1.46%. The business had revenue of $4.98 billion for the quarter, compared to analyst estimates of $5.25 billion. During the same period last year, the business posted $0.62 EPS. Aecom’s revenue was down 3.3% on a year-over-year basis. On average, sell-side analysts forecast that Aecom will post 2.76 earnings per share for the current fiscal year.

Large investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada lifted its holdings in shares of Aecom by 42.3% in the 2nd quarter. Royal Bank of Canada now owns 47,307 shares of the construction company’s stock valued at $1,790,000 after buying an additional 14,073 shares during the period. UBS Group AG lifted its holdings in shares of Aecom by 42.5% in the 2nd quarter. UBS Group AG now owns 504,710 shares of the construction company’s stock valued at $19,103,000 after buying an additional 150,589 shares during the period. Verition Fund Management LLC acquired a new stake in shares of Aecom in the 2nd quarter valued at approximately $908,000. Ladenburg Thalmann Financial Services Inc. lifted its holdings in shares of Aecom by 47.8% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,508 shares of the construction company’s stock valued at $171,000 after buying an additional 1,457 shares during the period. Finally, United Services Automobile Association lifted its holdings in shares of Aecom by 17.0% in the 2nd quarter. United Services Automobile Association now owns 28,941 shares of the construction company’s stock valued at $1,095,000 after buying an additional 4,211 shares during the period. Hedge funds and other institutional investors own 84.35% of the company’s stock.

About Aecom

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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Analyst Recommendations for Aecom (NYSE:ACM)

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