Bank of America Cuts AECOM Technology to Underperform (ACM)
AECOM Technology (NYSE: ACM) was downgraded by research analysts at Bank of America (NYSE: BAC) from a “buy” rating to an “underperform” rating in a report released on Tuesday. They currently have a $35.00 target price on the stock, up from their previous target price of $20.00.
AECOM Technology traded down 0.83% on Tuesday, hitting $17.85. AECOM Technology has a 52-week low of $16.39 and a 52-week high of $28.90. The company has a market cap of $2.091 billion and a price-to-earnings ratio of 8.11.
AECOM Technology last posted its quarterly earnings results on Thursday, May 3rd. The company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by $0.02. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. Analysts expect that AECOM Technology will post $0.85 EPS next quarter.
AECOM Technology Corporation (AECOM) is a provider of professional technical and management support services for commercial and government clients around the world.