The Aecom Technology Corp. (ACM) Receives $37.14 Consensus PT from Brokerages

Lloyd Doyle
November 13, 2017

September 22 investment analysts at KeyCorp reiterated a "Buy" rating on the stock.

At AECOM (ACM), the percentage of institutional ownership is now at 82.69% percent of its total shares outstanding, with the total value of institutional ownership at $4.6 billion.

A number of brokerages have commented on ACM. Zacks Investment Research upgraded AECOM from a "strong sell" rating to a "hold" rating in a research note on Tuesday, September 19th. September 5 investment analysts at Robert W. Baird kept the company rating at "Hold" with a current price target of $36.00.

August 25 investment analysts at KeyCorp left the company rating at "Buy" targeting a price of $40.00. Credit Suisse Group lowered shares of AECOM from an "outperform" rating to a "neutral" rating and cut their price objective for the company from $44.00 to $37.00 in a research report on Monday, July 24th.


On October 27 Citigroup made no change to the stock rating of "Buy" projecting a price of $4.00. Following the completion of the sale, the chief executive officer now directly owns 154,362 shares in the company, valued at approximately $5,711,394. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.14% of the company's stock.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Dimensional Fund Advisors LP increased its stake in shares of AECOM by 3.2% in the second quarter.

American International Group Inc reports that it increased its investment in Aecom Technology Corp stock by 0.7% as reported in a filing on 11/13/2017.

AECOM (NYSE:ACM) is expected to deliver a solid 33.46% in earnings growth per share over the next year. Stock repurchase programs are often an indication that the company's board believes its stock is undervalued. Three Peaks Capital Management, LLC expanded its investment by buying 30,779 shares an increase of 25.1% in the quarter. BlackRock Inc. now owns 12,670,699 shares of the construction company's stock valued at $450,949,000 after acquiring an additional 12,588,492 shares in the last quarter. The institutional holder with the second most shares is VANGUARD GROUP INC with a total of 13,443,021. The stock closed the regular trading session at $35.59 yesterday, compared to the closing price of $35.63 the previous day - a change of -0.11 percent. AECOM has a 1 year low of $30.15 and a 1 year high of $40.72. At the moment, AECOM (ACM) has billion shares outstanding. The company now has a P/E ratio of 21.49 and market capitalization is 5.48B. The firm has a 50-day moving average price of $28.30 and a 200-day moving average price of $31.48. AECOM had a return on equity of 12.19% and a net margin of 1.46%. I am going to look at the latest data on ACM to assess whether this expected growth is reasonable. The company reported $0.81 EPS for the quarter, topping analysts' consensus estimates of $0.70 by $0.11. The construction company reported $0.78 EPS for the quarter, meeting the consensus estimate of $0.78. On average, analysts forecast that Aecom Technology Corp. will post $3.09 EPS for the current fiscal year.

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