AECOM Given $38.50 Consensus Price Target From Brokerage Firms

AECOM (NYSE:ACM) has received a average recommendation of “Hold” from the thirteen brokerage firms that are presently covering The corporation, 1 expert has recommended the share with a sell rating, six have published a hold rating and five have issued a buy rating to The corporation. the consensus 1 year target price among brokerage firms that have adjusted their coverage in the past 12 month is $38.50.

In other AECOM news, Chief Executive Officer Michael S. Burke unloaded 56,800 stocks of the company’s shares in a trade that took place on Thurs, Oct 5th. Shares were disposed in a price range of $36.86, amounting $2,093,648.00. The transaction related to this sale was declared in a document with the Security and Exchange Commission, which is accessible through the Security and Exchange Commission website. Also, Chief Executive Officer Michael S. Burke unloaded 30,000 stocks of the company’s shares in a trade that took place on Wed, Sep 27th. Shares were disposed in a price range of $37.00, amounting to $1,110,000.00. after the transaction, the CEO has an ownership of 154,362 stocks in the company, assessed at roughly $5,711,394. 0.73% of the shares is held by executives.

ACM has been the discussion subject of Many brokerage reports. Credit Suisse Group AG reiterated a “buy” recommendation and given a $44.00 target price on the stock of AECOM in a note on Thurs, Jun 29th. UBS AG fixed a $38.00 price objective on AECOM and issued the company a “buy” recommendation in a study on Mon, Jun 26th. Citigroup reiterated a “buy” recommendation and given a $40.00 price objective (down from $45.00) on stocks of AECOM in a note on Tue, Jul 18th. KeyCorp reiterated a “buy” recommendation and given a $40.00 target price on the stock of AECOM in a note on Fri, Aug 25th. Lastly, Robert W. Baird reissued a “hold” recommendation and fixed a $36.00 price objective on the stock of AECOM in a note on Tue, Sep 5th.

Quite a few investment firms and many large funds have quite recently modified to their stake in ACM. UBS Asset Management Americas boosted its stake in AECOM by 10.1% during the Q1. UBS Asset Management Americas has an ownership of 105,568 stocks of the construction firms shares valued $3,757,000 after scooping up an extra 9,670 shares through out the previous quarter, Karp Capital Management bought a new stake in AECOM during the Q1 valued roughly $1,292,000. Sei Investments boosted its stake in AECOM by 1.0% during the Q1. Sei Investments has an ownership of 80,318 stocks of the construction firms shares valued $2,858,000 after scooping up an extra 781 shares through out the previous quarter, Ameriprise Financial boosted its stake in AECOM by 1.7% during the Q1. Ameriprise Financial has an ownership of 472,654 stocks of the construction firms shares valued $16,821,000 after scooping up an extra 7,836 shares through out the previous quarter, Lastly, Parametric Portfolio Associates boosted its stake in AECOM by 4.5% during the Q1. Parametric Portfolio Associates has an ownership of 309,560 stocks of the construction firms shares valued $11,017,000 after scooping up an extra 13,331 shares through out the previous quarter, 82.06% of the shares is presently held by investment firms and many large funds.

Stocks of AECOM (NYSE:ACM) declined 0.55% throughout intraday market trading on early Fri, reaching $36.37. The corporation had a trading volume of 570,815 Stocks. the firms 50 Day SMA is $34.08 and its 200 SMA is $33.24. AECOM has a 1 year low of $26.46 and a 1 year high of $40.72. Market valuation of the company is $5.70 B, a price to earnings ratio of 22.27 along with a stock beta of 1.69.

AECOM (NYSE:ACM) previously released its earnings report on early Tue, Aug 8th. The construction business posted $0.78 EPS (EPS) for the period, reaching analysts’ average forecasts of $0.78. AECOM had a ROE of 12.19% and a net profit margin of 1.46%. the company reported sales of $4.56 B for the period end, compared to analysts’ anticipations of $4.54 B. For the same quarter from the prior fiscal year, company reported $0.81 EPS. the firms sales went up 3.5% on a YOY basis. Brokerage firms predict that AECOM to post $2.91 earnings per share for the financial year.

AECOM disclosed that its Board of Directors has authorized a share repurchase program on Early Thur, Sep 21st that allows The corporation to buyback $1.00 B in outstanding Stocks. This buyback authorization allows the construction company to reacquire up to 18.3% of its Stocks through open market purchases. Stocks buyback programs are usually an indication that the firms leadership believes its Stocks are undervalued.

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