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AECOM (ACM) Looks Good: Stock Adds 6.3% in Session

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AECOM (ACM - Free Report) was a big mover last session, as the company saw its shares rise more than 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $36.08 to $38.43 in the past one-month time frame.

The move came after the company announced that it has entered into a definitive agreement to divest its Management Services business to affiliates of Lindsay Goldberg and American Securities LLC for $2.405 billion.

The company has seen no changes when it comes to estimate revision over the past few weeks, while the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

AECOM currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Investors interested in the Engineering - R and D Services industry may consider a better-ranked stock like Jacobs Engineering Group Inc. (JEC - Free Report) , which carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
 
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