|Bid||41.37 x 1300|
|Ask||41.38 x 900|
|Day's Range||41.31 - 41.79|
|52 Week Range||24.83 - 41.79|
|Beta (3Y Monthly)||1.74|
|PE Ratio (TTM)||22.20|
|Earnings Date||Nov 11, 2019 - Nov 15, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||44.44|
When brokers upgrade a stock, one can rely on their judgment. Nonetheless, one should also take into account some other factors to ensure steady returns.
Aecom (ACM) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
Aecom (ACM) has been upgraded to a Zacks Rank 2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Moody's Investors Service ("Moody's") noted that AECOM (Ba2 stable) announced on 14 October that it has entered into a definitive agreement for the sale of its Management Services business to affiliates of American Securities LLC and Lindsay Goldberg for a purchase price of $2.405 billion. Headquartered in Los Angeles, CA, AECOM is a fully integrated professional and technical services firm providing engineering & design, planning and construction services to the infrastructure, transportation, industrial, environmental, oil and gas, power, water and government sectors. The company operates under four business segments: design & consulting services (41% of revenues), construction services (39%), management services (20%) and AECOM Capital.
We at Insider Monkey have gone over 730 13F filings that hedge funds and prominent investors are required to file by the SEC The 13F filings show the funds' and investors' portfolio positions as of June 28th. In this article, we look at what those funds think of AECOM (NYSE:ACM) based on that data. AECOM […]
AECOM (ACM) inks a deal to offload the Management Services unit, thereby transitioning into a higher-returning professional services business.
This most-searched list is a feature included in Benzinga Pro's Newsfeed tool. It highlights stocks frequently searched by Benzinga Pro users on the platform. Synthesis Energy Systems (NASDAQ: SES ) shares ...
Aecom (NYSE: ACM ) will sell its management services business to the affiliates of American Securities LLC and Lindsay Goldberg for $2.405 billion. The company also has narrowed fiscal year 2019 EPS guidance ...
AECOM has agreed to sell its management services unit to private equity firms Lindsay Goldberg and American Securities for about $2.4 billion, the U.S. construction and engineering company said on Monday. The management services unit provides logistics and technical assistance to the U.S. government and had revenue of $3.69 billion in 2018, representing about 18% of the company's annual sales. AECOM, which is under pressure from activist investor Starboard Value LP to conduct a review of its assets, competes with Jacobs Engineering Group Inc and KBR Inc.
The sale of the Management Services business at an 11.6x multiple of EBITDA represents a material premium to AECOM’s valuation and provides substantial capital for debt reduction and stock repurchases. The ongoing transformation of AECOM’s portfolio maintains its position as the world’s premier infrastructure firm and furthers its focus on higher-returning, lower-risk professional services. AECOM (ACM), the world’s premier infrastructure firm, today announced that it has entered into a definitive agreement for the sale of its Management Services (MS) business to affiliates of American Securities LLC and Lindsay Goldberg for a purchase price of $2.405 billion, which reflects an 11.6x multiple on expected fiscal 2019 adjusted EBITDA1 and a premium to AECOM’s overall valuation.
The companies will compete for task orders to supply various rapid repair services in the event of disasters.
Jacobs Engineering Group (JEC) is set to provide environmental planning and associated services under a blanket purchase agreement with NSF.
KBR, together with Argus, is going to conduct an extensive study to support NCCS' long-term cost-competitive hydrogen alternatives in Singapore.
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