AECOM (ACM) : Traders are bullish on AECOM (ACM) as it has outperformed the S&P 500 by a wide margin of 6.34% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.45%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.87% in the last 1 week, and is up 8.98% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
AECOM (NYSE:ACM): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $35.12 and $34.94 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $35.91. The buying momentum continued till the end and the stock did not give up its gains. It closed at $35.80, notching a gain of 2.64% for the day. The total traded volume was 1,250,232 . The stock had closed at $34.88 on the previous day.
The stock has recorded a 20-day Moving Average of 3.08% and the 50-Day Moving Average is 8.23%. AECOM is up 11.32% in the last 3-month period. Year-to-Date the stock performance stands at 19.21%.
AECOM (ACM) has been rated by 8 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $41 and the lowest price target forecast is $31. The average forecast of all the analysts is $36.25 and the expected standard deviation is $3.81.
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.