Robert W. Baird Remains a Buy on Aecom Technology Corp (ACM)


Robert W. Baird analyst Andrew Wittmann reiterated a Buy rating on Aecom Technology Corp (ACM) today and set a price target of $34. The company’s shares closed on Friday at $27.74.

According to TipRanks.com, Wittmann is a 2-star analyst with an average return of 0.1% and a 49.5% success rate. Wittmann covers the Basic Materials sector, focusing on stocks such as Jacobs Engineering, Quanta Services, and Fluor Corp.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Aecom Technology Corp with a $35.29 average price target.

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Based on Aecom Technology Corp’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $83.98 million. In comparison, last year the company had a net profit of $111 million.

Based on the recent corporate insider activity of 43 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ACM in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

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