Aecom Tech (NYSE:ACM) Rating Reconfirmed

Standpoint Research currently has a $48.0 PT on the $6.47B market cap company or 23.08 % upside potential. In analysts note revealed to clients on Thursday, 8 December, Aecom Tech (NYSE:ACM) stock had its Buy Rating restate by investment analysts at Standpoint Research.

NYSE:ACM is at the moment trading 3.18% higher at $40.24 as of 11:32 AM New York time. Aecom Tech’s stock is 0% in the past 200 days. It has underperformed the S&P 500, which has gained 16.14% in the same time period.

According to data compiled by Thomson Reuters, Aecom Tech (NYSE:ACM)’s stock is covered by 15 equity analysts across the Street, with 0 analysts giving it a Sell rating, 9 a Buy rating, while 5 consider it a Hold. The 12-month consensus target price for the stock is $32.53, which reflects an downside potential of 19.16% over the current price.

Institutional Ownership

Poplar Forest Capital Llc had the largest stake with ownership of 1.48 million shares as of q2 2015 for 3.78% of the stock exposure. Selz Capital Llc is another quite bullish institutional investor who is possessing 450,000 shares of Aecom Tech or 3.12% of their stock exposure. In addition, Steinberg Asset Management Llc have 3% of their stock exposure invested in the company for 374,065 shares. The New York-based fund New Mountain Vantage Advisers L.L.C. revealed it had acquired so far a stake worth about 2.91% of the institutional investor’s stock portfolio in Aecom Tech. The Pennsylvania-based fund S&T Bank Pa is also positive about the stock, possessing 1.67 million shares or 2.84% of their stock exposure.Over the last 6 months, Aecom Tech NYSE:ACM has seen 0 buying transactions, and 2 insider selling transactions. The net result was for 2 transactions, worth $1.21 million.

Aecom Tech (NYSE:ACM) Profile

AECOM is engaged in designing, building, financing and operating infrastructure assets for governments, businesses and organizations. The Company’s segments include design and consulting services (DCS), construction services (CS) and management services (MS). Its DCS segment is engaged in planning, consulting, architectural and engineering design services to commercial and government clients in major end markets, such as transportation, facilities, environmental, energy, water and government.

Aecom Tech (NYSE:ACM) traded up 3.18% on 8 December, hitting $40.24. A total of 1.18M shares of the company’s stock traded hands. This is down from average of 2.05M shares. Aecom Tech has a 52 week low of $22.80 and a 52 week high of $40.26. The company has a market cap of $6.47B and a P/E ratio of 65.49.

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The post Aecom Tech (NYSE:ACM) Stock Rating Maintained by Analysts at Standpoint Research; The $48.0 Target Indicates 23.08 % Potential appeared first on Octafinance.