Aecom (ACM) is Initiated by Canaccord Genuity to Hold, Price Target at $31

Aecom (ACM) was Initiated by Canaccord Genuity to “Hold” and the brokerage firm has set the Price Target at $31. Canaccord Genuity advised their investors in a research report released on Apr 12, 2016.

Many Wall Street Analysts have commented on Aecom. Canaccord Genuity Initiated Aecom on Apr 12, 2016 to “Hold”, Price Target of the shares are set at $31.Deutsche Bank Initiated Aecom on Apr 7, 2016 to “Buy”, Price Target of the shares are set at $41.Aecom was Downgraded by BB&T Capital Mkts to ” Hold” on Mar 21, 2016.

On the company’s financial health, Aecom reported $0.68 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Feb 9, 2016. Analyst had a consensus of $0.63. The company had revenue of $4298.00 million for the quarter, compared to analysts expectations of $4346.44 million. The company’s revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.71 EPS.

Aecom opened for trading at $29.81 and hit $30.42 on the upside on Monday, eventually ending the session at $29.77, with a gain of 0.71% or 0.21 points. The heightened volatility saw the trading volume jump to 4,76,268 shares. Company has a market cap of $4,543 M.

In a different news, on Mar 3, 2016, William G Ouchi (director) sold 4,956 shares at $28.82 per share price. According to the SEC, on Mar 1, 2016, James H Fordyce (director) sold 7,630 shares at $27.60 per share price. On Feb 19, 2016, William P Rutledge (director) sold 8,075 shares at $26.10 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.


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