Aecom (ACM) is Resumed by DA Davidson to Neutral, Raises Price Target to $ 38

Aecom (ACM) was Resumed by DA Davidson to “Neutral” according to the research note released today. The brokerage firm has raised the Price Target to $ 38 from a previous price target of $33 . DA Davidson advised their investors in a research report released on Aug 10, 2016.

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 -0.37 points or -1.03% at $35.43 with 11,84,813 shares getting traded on Monday. Post opening the session at $35.9, the shares hit an intraday low of $35.41 and an intraday high of $36.02 and the price fluctuated in this range throughout the day.Shares ended Monday 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.


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