Barclays Keeps Their Buy Rating on Aecom Technology (ACM)

Barclays analyst Adam Seiden maintained a Buy rating on Aecom Technology (ACM – Research Report) today and set a price target of $100.00. The company’s shares closed last Friday at $93.35.

According to TipRanks, Seiden is a 5-star analyst with an average return of 11.8% and a 55.56% success rate. Seiden covers the Industrials sector, focusing on stocks such as MasTec, Aecom Technology, and Caterpillar.

Currently, the analyst consensus on Aecom Technology is a Strong Buy with an average price target of $105.22, representing a 12.72% upside. In a report released on April 19, KeyBanc also maintained a Buy rating on the stock with a $105.00 price target.

Based on Aecom Technology’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $3.9 billion and a net profit of $94.44 million. In comparison, last year the company earned a revenue of $3.38 billion and had a net profit of $87.95 million

Based on the recent corporate insider activity of 23 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ACM in relation to earlier this year.

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Aecom Technology (ACM) Company Description:

AECOM engages in the design, build, finance, and operation of infrastructure assets for governments, businesses and organizations. It operates through the following segments: Design and Consulting Services, Construction Services, Management Services, and AECOM Capital. The Design and Consulting Services segment engages in planning, consulting, architectural and engineering design services to commercial and government clients, such as transportation, facilities, environmental, energy, water, and government. The Construction Services segment includes building construction & energy, and infrastructure & industrial construction. The Management Services segment refers to the program and facilities management and maintenance, training, logistics, consulting, technical assistance, and systems integration and information technology services primarily for agencies of the U.S. government and other national governments globally. The AECOM Capital segment engages in investing in real estate, public-private partnership and infrastructure projects. The company was founded on April 6, 1990 and is headquartered in Los Angeles, CA.