Canaccord Genuity analyst Robert Burleson maintained a Hold rating on Aecom Technology Corp (NYSE: ACM) yesterday and set a price target of $40. The company’s shares opened today at $34.29.
Burleson wrote:
“We nevertheless expect healthy valuation (forward EV/ EBITDA) versus historical averages and peers to constrain upside for the shares at current levels. Our rating remains HOLD and our price target is maintained at $40.”
According to TipRanks.com, Burleson is a 5-star analyst with an average return of 12.3% and a 59.4% success rate. Burleson covers the Consumer Goods sector, focusing on stocks such as Ipg Photonics Corp, Faro Technologies, and Cognex Corp.
Currently, the analyst consensus on Aecom Technology Corp is Hold and the average price target is $39, representing a 13.7% upside.
In a report released yesterday, Credit Suisse also maintained a Hold rating on the stock with a $38 price target.
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Aecom Technology Corp’s market cap is currently $5.63B and has a P/E ratio of 13.99. The company has a Price to Book ratio of 1.37.
Based on the recent corporate insider activity of 49 insiders, corporate insider sentiment is negative on the stock.
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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.
