Posts for Ticker ‘ACM’

Top Analyst Upgrades & Downgrades (ACM, AXYS, CTAS, CVD, GILD, PPDI, VISN, EPG, VTIV)

Money_stack_picIt is getting pretty thin in major analyst coverage as firms are encouraged to go easy on major year-end calls barring anything unexpected.  These are the top analyst upgrades, downgrades, and new coverage calls we have seen this Tuesday morning:

  • AECOM (ACM) Started as Outperform at Baird.
  • Axsys Technologies (AXYS) Raised to Outperform at Morgan Keegan.
  • Cintas (CTAS) Started as Overweight at JPMorgan.
  • Covance (CVD) Started as Buy at Piper Jaffray.
  • Gilead (GILD) Started as Buy at Stanford Group.
  • PPD Inc. (PPDI) STarted as Buy at Piper Jaffray.
  • VisionChina Media (VISN) Strated as Buy at Piper Jaffray.
  • Environmental Power Corp. (EPG) Cut to Neutral at Merriman Curhan Ford.
  • inVentiv Health (VTIV) Cut to Hold at Jefferies.

Jon C. Ogg
December 23, 2008

Posted on: December 23, 2008 – 7:38 am in Analyst Calls, , , , , , , , ,

The Business Day of Global Warming (SPWR, LDK, PSD, ACM, ICPR, CAB, CSUN, FTEK, EFOI, HOT, CVX)

Wall Street analysts covered a few of the alternative energy names today: SunPower (NASDAQ:SPWR was started as an Outperform rating at RBC Capital Markets; LDK Solar (NYSE:LDK) was downgraded to "Market Perform" at Piper Jaffray.

Puget Sound Energy, a subsidiary of Puget Energy (NYSE:PSD), is deepening its mark in renewable energy, with the utility and its customers now boasting more than 1,200 kilowatts (kW) of combined solar-power generating capacity or enough to serve the total power needs of 125 homes.  As Puget Energy serves 1 million electric customers and 721,000 natural gas customers, there is still quite ways to go.

ENSR is providing environmental permitting and licensing support for four major solar energy projects in southern California. ENSR, part of AECOM (NYSE: ACM), is a leading global environmental services firm.

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Posted on: October 31, 2007 – 6:10 pm in Alternative Energy, , , , , , , , , , ,

Infrastructure Earnings Scorecard (MDR, FLR, FWLT, ACM)

If you have watched the infrastructure stock news this week, you will know most of these companies have beat earnings expectations and the industry isn’t seeing any major weakness ahead.

Fluor (NYSE:FLR) posted $1.05 EPS on $4.22 Billion in revenues, and estimates were $0.95 EPS and $3.8 Billion in revenues.  The power division and oil and gas projects were mostly credited.  Its shares were up about 3% yesterday in after-hours trading and that is in-line with pre-market indications on no volume so far.

McDermott International Inc. (NYSE:MDR) posted a profit thattripled, and it even split its stock 2 for 1.  The company posted $1.31 EPS and estimates were under $1.00, and revenues were $1.42 Billion versus $1.39 Billion expected.  Shares were up almost 3% in after-hours trading yesterday and are actually indicated up over 4% for the open.

AECOM Technology (NYSE:ACM), the company that is considered the bridge design and engineering contract winner, also is trading higher pre-market.  The company posted $0.26 EPS on $1.1 Billion in revenues, and estimates were $0.25 EPS and $1.07 Billion revenues.  Aecom shares are up more than 5% pre-market.

Foster Wheeler Ltd. (NASDAQ:FWLT) is actually indicated a bit lower this morning after its earnings report.  The company posted $1.41 EPS, above the $1.33 EPS estimate (actual net results were $0.99 on items).  But revenues were $1.19 Billion, compared to estimates of $1.2 Billion. That EPS number is before a increased reserve charge for a legacy power project. The global power group unit has its highest backlog in years and it expects high bookings in engineering and construction in the second half. Foster Wheeler shares are trading down 2% pre-market.

The market cap of these companies combined is more than $30 Billion.

Jon C. Ogg
August 8, 2007

Jon Ogg can be reached at jonogg@247wallst.com; he does not own securities in the companies he covers.

Posted on: August 8, 2007 – 8:14 am in Earnings, Infrastructure, , , , , , , , , ,

Cramer’s Next Infrastructure Stock (ACM, FWLT)

The next big infrastructure play according to Cramer on Mad Money is AECOM Technology (ACM-NYSE).  He called it the next Foster Wheeler (FWLT-NASDAQ).  This just came public Friday and it should have had a better IPO than it had.  It is almost back to where it started at the IPO, but he thinks they should be higher.  Its operations are on all continents and it’s involved in many aspects of engineering and infrastructure company.  It used to be part of Ashland Oil and has been its own operation since 1980, but it is mostly a non-energy play.  The backlog is up 63% and was at $3.1 Billion.

Jon C. Ogg
May 15, 2007

Jon Ogg can be reached at jonogg@247wallst.com; he does not own securities in the companies he covers.

Posted on: May 15, 2007 – 5:23 pm in Uncategorized, ,