AECOM (ACM) : Analyst Rating Update

AECOM (ACM) : The consensus on AECOM (ACM) based on 10 analyst recommendation on the company stock is 2.2, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 4 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 6 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

AECOM (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.

AECOM (NYSE:ACM): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $30.77 and $30.62 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $31.45. The buying momentum continued till the end and the stock did not give up its gains. It closed at $31.43, notching a gain of 1.29% for the day. The total traded volume was 793,499 . The stock had closed at $31.03 on the previous day.

Also, Canaccord Genuity initiates coverage on AECOM (NYSE:ACM). The shares have now been rated Hold by the stock experts at the ratings house. Canaccord Genuity announces the current price target of $31 per share on AECOM. The rating by the firm was issued on April 11, 2016. The company shares have dropped -0.58% from its 1 Year high price. On Jun 23, 2016, the shares registered one year high at $35.40 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $31.97 and the 200 Day Moving Average price is recorded at $29.79.

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.

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