D.A. Davidson Reiterates a Hold Rating on Aecom Technology Corp.By Ryan Adsit
In a report issued on November 23, John B. Rogers from D.A. Davidson reiterated a Hold rating on Aecom Technology Corp. (NYSE: ACM), with a price target of $40. The company’s shares opened today at $37.74, close to its 52-week high of $37.97.
According to TipRanks.com, Rogers is a 4-star analyst with an average return of 4.9% and a 59.6% success rate. Rogers covers the Industrial Goods sector, focusing on stocks such as Granite Construction Inc., Great Lakes Dredge & Dock, and Layne Christensen Company.
Currently, the analyst consensus on Aecom Technology Corp. is Strong Buy and the average price target is $40.86, representing an 8.3% upside.
In a report issued on November 14, Canaccord Genuity also reiterated a Hold rating on the stock with a $38 price target.
The company has a one year high of $37.97 and a one year low of $22.80. Currently, Aecom Technology Corp. has an average volume of 1.44M.
Based on the recent corporate insider activity of 61 insiders, corporate insider sentiment is neutral on the stock. Most recently, in February 2016, Linda Griego, a Director at ACM sold 10,000 shares for a total of $232,800.
AECOM is a global provider of professional technical and management support services for public and private clients around the world. The company operates through the following segments: Design & Consulting Services, Construction Services, and Management Services. The Design & Consulting Services segment delivers planning, consulting, architectural and engineering design services to commercial and government clients worldwide in markets such as transportation, facilities, environmental, energy, water, and government. The Construction Services segment provides construction services for energy, commercial, industrial and public and private infrastructure clients. The Management Services segment provides program and facilities management and maintenance, training, logistics, consulting, technical assistance and systems-integration services, primarily for agencies of the U.S. government, national governments around the world, and commercial customers. The company was founded by Richard G. Newman on April 6, 1990 and is headquartered in Los Angeles, CA.