Aecom (ACM) is Reiterated by Deutsche Bank to Buy, Lowers Price Target to $ 38

Aecom (ACM) was Reiterated by Deutsche Bank to “Buy” while Lowering the Price Target of the company shares to $ 38 from a previous price target of $41 . Deutsche Bank advised their investors in a research report released on Aug 22, 2016.

Many Wall Street Analysts have commented on Aecom. Company shares were Resumed by DA Davidson on Aug 10, 2016 to “Neutral”, Firm has raised the Price Target to $ 38 from a previous price target of $33 .

On the company’s financial health, Aecom reported $0.81 EPS for the quarter, beating the analyst consensus estimate by $ 0.11 according to the earnings call on Aug 9, 2016. Analyst had a consensus of $0.70. The company had revenue of $4408.78 million for the quarter, compared to analysts expectations of $4543.83 million. The company’s revenue was down -3.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.74 EPS.

Aecom closed down -0.01 points or -0.03% at $32.5 with 20,78,322 shares getting traded on Friday. Post opening the session at $32.29, the shares hit an intraday low of $31.85 and an intraday high of $32.51 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Aug 3, 2016, Daniel R. Tishman (Vice Chairman) sold 30,000 shares at $35.20 per share price. According to the SEC, on Jul 29, 2016, Michael John Donnelly (President, End Markets) sold 5,700 shares at $36.00 per share price. On Jul 14, 2016, Michael S Burke (Chairman & CEO) sold 2,909 shares at $34.00 per share price, according to the Form-4 filing with the securities and exchange commission.

AECOM formerly AECOM Technology Corporation designs builds finances and operates infrastructure assets for governments businesses and organizations around the world. The Company provides program and facilities management and maintenance training logistics consulting technical assistance and systems integration and information technology (IT) services. The Company operates through three segments: Design and Consulting Services (DCS) Construction Services (CS) and Management Services (MS). The DCS segment provides planning consulting architectural and engineering design and program and construction management services to commercial and government clients across the world. Its CS segment provides construction program and construction management services including building construction and energy infrastructure and industrial construction primarily in the Americas. The Company through its MS segment is a contractor to the United States Federal Government.


Leave a Reply

Aecom - Is it time to Sell?

Top Brokerage Firms are advising their investors on Aecom. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.