Construction planning and management company Aecom is on an impressive run. Its stock rose to an all-time high in February. It consolidated and almost immediately built a cup-with-handle base. On Thursday, the Relative Strength (RS) Rating for Aecom stock climbed to 75, up from 70 the day before.
Aecom Stock Approaching Milestone Rating
The 75 RS Rating lifts Aecom into the top 25% of all stocks, regardless of industry, for price performance this past year. It's still 5 points below the 80 RS Rating, a milestone that CAN SLIM investor look for. See if Aecom can continue to rebound and clear that threshold.
Among its other ratings, watchlist candidate Aecom stock has an 85 Composite Rating, a combination of IBD's top five ratings. The 85 rating puts Aecom in the top 15% of stocks overall. However, the best growth stocks have a Composite Rating of 90 or better. It has a 76 Earnings Per Share Rating, and a C+ Accumulation/Distribution Rating shows that big funds are buying slightly more of its shares than selling.
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Aecom stock is trying to complete a cup with handle with an 89.40 entry. See if it can clear the breakout price in heavy trade. Its stock is up more than 300% from a late March 2020 low 21.76 amid the Covid market crash. Thursday afternoon it traded above 87, approaching the entry, and not far below its all-time high 92.16 set on Feb. 16.
Q2 Earnings Due Tuesday
Top and bottom line growth moved higher last quarter. Earnings were up 11% to 92 cents per share on a 9% increase in revenue to $3.49 billion. Aecom says on its website it will hold a conference call with analysts on the morning of Aug. 8 to discuss second quarter earnings.
Aecom stock earns the No. 7 rank among its peers in the 20-stock Building-Heavy Construction industry group. Sterling Infrastructure and Quanta Services are among the group's highest-rated stocks.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
The exclusive Relative Strength Rating from Investor's Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the last 52 weeks stacks up against all the other stocks in our database.
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