AECOM (NYSE:ACM) : Zacks Investment Research ranks AECOM (NYSE:ACM) as 3, which is a Hold recommendation. 4 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 6 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 10 research analysts is 2.2, which indicates as a Buy.
AECOM (NYSE:ACM) stock is expected to deviate a maximum of $3.43 from the average target price of $34.67 for the short term period. 9 Street Experts have initiated coverage on the stock with the most promising target being $41 and the most muted being $30.
For the current week, the company shares have a recommendation consensus of Buy. Also, Canaccord Genuity initiates coverage on AECOM (NYSE:ACM) . The global brokerage major announces a current price target of $31 per share. Analysts at the Canaccord Genuity have a current rating of Hold on the shares. The rating by the firm was issued on April 11, 2016.
AECOM (NYSE:ACM): stock turned positive on Tuesday. Though the stock opened at $29.9, the bulls momentum made the stock top out at $30.215 level for the day. The stock recorded a low of $29.61 and closed the trading day at $30.18, in the green by 2.48%. The total traded volume for the day was 1,255,156. The stock had closed at $29.45 in the previous days trading.
In an insider trading activity, The director officer (Chairman & CEO), of Aecom, Burke Michael S had unloaded 22,091 shares at $34 per share in a transaction on June 23, 2016. The total value of transaction was $751,094. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
AECOM is a provider of professional technical and management support services for commercial and government clients around the world. The Company provides planning, consulting, architectural and engineering design, and program and construction management services for a range of projects, including highways, airports, bridges, mass transit systems, government and commercial buildings, water and wastewater facilities, and power transmission and distribution. The Company also provides program and facilities management and maintenance, training, logistics, security and other support services, primarily for agencies of the United States government. It operates in two segments: Professional Technical Services and Management Support Services. Effective July 10, 2014, it acquired ACE International Consultants SL, a Madrid-based provider of consulting services. In July 2014, it acquired Hunt Construction Group, adding to AECOMs construction services business.