Canaccord Genuity Initiates Coverage on Aecom to Hold

Canaccord Genuity Initiates Coverage on Aecom(NYSE:ACM). The shares have been rated Hold. The rating by Canaccord Genuity was issued on Apr 11, 2016.

In a different note, On Mar 21, 2016, BB&T Capital said it Downgrades its rating on Aecom. The shares have been rated ‘Hold’ by the firm. Sterne Agee CRT said it Initiates Coverage on Aecom, according to a research note issued on Mar 10, 2016. The shares have been rated ‘Buy’ by the firm. On Feb 29, 2016, Argus Research said it Downgrades its rating on Aecom. The shares have been rated ‘Hold’ by the firm. On Feb 10, 2016, JP Morgan said it Maintains its rating on Aecom. In the research note, the firm Lowers the price-target to $35.00 per share. The shares have been rated ‘Overweight’ by the firm. On Feb 9, 2016, Keybanc said it Upgrades its rating on Aecom. The shares have been rated ‘Overweight’ by the firm.

Aecom (ACM) made into the market gainers list on Fridays trading session with the shares advancing 0.03% or 0.01 points. Due to strong positive momentum, the stock ended at $30.38, which is also near the day’s high of $30.61. The stock began the session at $30.21 and the volume stood at 7,45,834 shares. The 52-week high of the shares is $35.4 and the 52 week low is $22.8. The company has a current market capitalization of $4,636 M and it has 15,26,10,380 shares in outstanding.

Aecom(ACM) last announced its earnings results on Feb 9, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $4.30B. Analysts had an estimated revenue of $4.38B. Earnings per share were $0.68. Analysts had estimated an EPS of $0.60.

Several Insider Transactions has been reported to the SEC. On Mar 3, 2016, William G Ouchi (director) sold 4,956 shares at $28.82 per share price.Also, 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.

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.