What Will Happen to AECOM (ACM) Next? The Stock Formed a Several Months Bearish Wedge Down

July 27, 2018 - By Margaret Guttierez

AECOM (NYSE:ACM) Logo

Investors sentiment decreased to 1.11 in 2018 Q1. Its down 0.16, from 1.27 in 2017Q4. It fall, as 30 investors sold AECOM shares while 87 reduced holdings. 37 funds opened positions while 93 raised stakes. 133.96 million shares or 1.67% more from 131.76 million shares in 2017Q4 were reported.
Moreover, Yorktown has 0.27% invested in AECOM (NYSE:ACM). Invesco Ltd stated it has 0.05% in AECOM (NYSE:ACM). Systematic Financial Management L P reported 41,125 shares stake. Fil holds 0.04% of its portfolio in AECOM (NYSE:ACM) for 374,582 shares. Endurance Wealth accumulated 0% or 150 shares. Amalgamated Bancorporation owns 31,766 shares or 0.03% of their US portfolio. Dimensional Fund Advsrs L P holds 4.78M shares. Northwestern Mutual Wealth Mgmt stated it has 326 shares or 0% of all its holdings. Hightower Advsrs Ltd stated it has 0% in AECOM (NYSE:ACM). Dekabank Deutsche Girozentrale has 3,320 shares. State Of Wisconsin Invest Board has invested 0% in AECOM (NYSE:ACM). Hsbc Hldgs Public Ltd Company holds 328,198 shares or 0.02% of its portfolio. Pitcairn Co invested in 19,272 shares. Voya Investment Mngmt Limited Liability Company reported 41,942 shares. Ubs Asset Mngmt Americas Incorporated has 0% invested in AECOM (NYSE:ACM) for 168,387 shares.

Since February 27, 2018, it had 0 insider buys, and 5 sales for $1.91 million activity. The insider Chiao Chuan-Sheng sold $657,827. McQuade Daniel P sold $478,595 worth of stock or 12,935 shares. The insider Poloni Lara sold $182,639. Another trade for 1,000 shares valued at $33,000 was made by Christofferson Carla J on Friday, July 6.

The stock of AECOM (ACM) formed a down wedge with $30.15 target or 8.00 % below today’s $32.77 share price. The 7 months wedge indicates high risk for the $5.25 billion company. If the $30.15 price target is reached, the company will be worth $420.32 million less.
Falling wedges are poor performers for bullish breakouts and are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 11% and 15%. The average rise is 32% and the decline is 15%. The falling wedges has high throwback and pullback rate: 56%, 69% and the percent of wedges meeting target is not very high.

It closed at $32.77 lastly. It is down 0.37% since July 27, 2017 and is uptrending. It has underperformed by 12.20% the S&P500.

Analysts await AECOM (NYSE:ACM) to report earnings on August, 7 before the open. They expect $0.67 EPS, down 14.10 % or $0.11 from last year’s $0.78 per share. ACM’s profit will be $107.42 million for 12.23 P/E if the $0.67 EPS becomes a reality. After $0.67 actual EPS reported by AECOM for the previous quarter, Wall Street now forecasts 0.00 % EPS growth.

AECOM (NYSE:ACM) Ratings Coverage

Among 2 analysts covering AECOM (NYSE:ACM), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. AECOM had 3 analyst reports since February 6, 2018 according to SRatingsIntel. The company was maintained on Tuesday, February 6 by Citigroup. On Monday, July 23 the stock rating was maintained by Citigroup with “Buy”.

AECOM, together with its subsidiaries, engages in designing, building, financing, and operating infrastructure assets worldwide. The company has market cap of $5.25 billion. The firm operates through four divisions: Design and Consulting Services , Construction Services (CS), Management Services (MS), and AECOM Capital (ACAP). It has a 28.65 P/E ratio. The DCS segment provides planning, consulting, architectural and engineering design, program management, and construction management services for industrial, commercial, institutional, and government clients, such as transportation, facilities, environmental, and energy/power markets.

AECOM (NYSE:ACM) Ratings Chart

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