According to Bloomberg Ratings, AECOM (NYSE:ACM) has received a “Buy” rating from six brokerages that cover the company. This rating reflects positive sentiment among equities research analysts towards AECOM’s stock. The average twelve-month price target, based on reports issued by these brokerages over the past year, stands at $99.14.
In other news, CEO Troy Rudd recently sold 78,097 shares of AECOM stock in a transaction that took place on August 15th. The shares were sold at an average price of $88.33, resulting in a total transaction value of $6,898,308.01. Following this transaction, Rudd now possesses 185,942 shares of the company’s stock, which holds a value of $16,424,256.86. The details of the sale can be accessed through the Securities and Exchange Commission (SEC) filing found via this hyperlink. Corporate insiders currently own 0.40% of AECOM’s stock.
AECOM last announced its quarterly earnings results on August 8th. For the quarter, the construction company reported earnings per share (EPS) of $0.94, slightly missing analysts’ consensus estimate of $0.95 by ($0.01). In terms of revenue generated during the quarter, AECOM earned $3.49 billion compared to a consensus estimate of $1.67 billion indicating an impressive performance for the period in question.
The firm’s net margin stood at 0.97%, while return on equity reached 19.02%. These figures underscored AECOM’s strong financial position and profitability during the quarter under review.
A year-over-year comparison revealed that AECOM experienced a revenue growth rate of 7.7% during this specific reporting period when compared to the previous year’s figures further cementing the company’s positive trajectory.
Analysts conducting research in this sector predict that AECOM will report earnings per share of 3.71 for the current fiscal year.
All in all, AECOM has received favorable ratings from brokerage firms and is poised for continued success based on its recent financial performance. Shareholders and potential investors may want to consider these factors when making investment decisions related to AECOM’s stock.
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AECOM Generates Interest from Brokerages and Hedge Funds, With Mixed Market Performance
In recent market activity, AECOM (NYSE: ACM), a prominent construction company, has garnered attention from various brokerages and hedge funds. Credit Suisse Group recently provided an updated price objective for AECOM, lowering it from $101.00 to $99.00. Alongside this revision, the brokerage also maintained an “outperform” rating on the stock. Similarly, StockNews.com upgraded their rating on AECOM from “hold” to “buy” in a research report issued on September 13th.
A number of hedge funds have also made significant moves regarding their holdings in AECOM. HighTower Advisors LLC, for instance, increased its stake by 31.9% during the first quarter, acquiring an additional 1,378 shares of the company’s stock. Bank of Montreal Can increased its stake by 3.5%, resulting in ownership of 34,177 shares valued at $2,676,000. Aviva PLC grew its stake by 26.6% during the same period and now owns 22,872 shares worth approximately $1,757,000. Cetera Investment Advisers also saw modest growth in its stake by 3%, closing the quarter with 9,119 shares valued at $700k. Finally Covestor Ltd experienced staggering growth with a staggering increase in their stake by over 1,261% to reach a total holding of 1,525 shares worth roughly $117k.
Shares of AECOM opened at $81.80 on Friday and displayed mixed performance throughout the trading day. The company’s financials present some interesting trends; a debt-to-equity ratio of 0.82 signals moderate leverage while current and quick ratios stand at healthy levels of 1.10 each reflecting a satisfactory ability to meet short-term obligations.
From a technical perspective,AECOM shows some volatility within its moving averages over both shorter and longer time frames. The company’s 50-day moving average settled at $86.68 while its 200-day moving average stood at $84.19.
AECOM has traded within a fifty-two week range between$66.47 and $92.16,respectively,reflecting both highs and lows in investor confidence over the past year.In terms of market capitalization, AECOM is presently valued at $11.35 billion.A high price-to-earnings (P/E) ratio of 85.21 suggests a certain level of overvaluation, but investors should also consider factors such as industry average P/E ratios.AECOM’s Price/Earnings-to-Growth (PEG) ratio stands at 2.04 which indicates a higher valuation relative to its expected earnings growth.Additionally,the stock exhibits a beta of 1.30 suggesting that it may be subject to above-average volatility compared to the broader market.
In summary, AECOM has recently attracted attention from brokerage firms and experienced activity from various hedge funds.Following Credit Suisse Group’s revised price objective, several hedge funds have also made strategic moves in relation to their holdings in AECOM. Market performance has been mixed, reflecting both positive and negative sentiment among investors.As the construction industry continues to evolve, it will be interesting to monitor AECOM’s future developments and observe how these trends may influence the stock in days to come.
