AECOM (NYSE:ACM) PT Raised to $110.00

AECOM (NYSE:ACM) had its price target increased by equities research analysts at Robert W. Baird from $104.00 to $110.00 in a report released on Tuesday, Benzinga reports. The brokerage presently has an “outperform” rating on the construction company’s stock. Robert W. Baird’s price objective points to a potential upside of 14.30% from the company’s current price.

ACM has been the subject of several other research reports. TheStreet upgraded shares of AECOM from a “c+” rating to a “b” rating in a research note on Monday, February 5th. Barclays boosted their target price on AECOM from $90.00 to $100.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 13th. Truist Financial started coverage on AECOM in a research report on Thursday, March 14th. They issued a “buy” rating and a $106.00 price target on the stock. KeyCorp boosted their price objective on AECOM from $104.00 to $105.00 and gave the stock an “overweight” rating in a research report on Friday, April 19th. Finally, Citigroup raised their target price on shares of AECOM from $107.00 to $116.00 and gave the company a “buy” rating in a report on Monday, April 22nd. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $106.43.

AECOM Stock Performance

Shares of AECOM stock opened at $96.24 on Tuesday. The stock has a market capitalization of $13.09 billion, a price-to-earnings ratio of 213.87, a price-to-earnings-growth ratio of 1.41 and a beta of 1.23. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.05 and a quick ratio of 1.05. The business has a 50-day moving average of $93.82 and a 200 day moving average of $89.67. AECOM has a 12 month low of $74.40 and a 12 month high of $98.72.

AECOM (NYSE:ACM) last issued its quarterly earnings results on Monday, May 6th. The construction company reported $1.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.05 by ($0.01). The business had revenue of $3.94 billion for the quarter, compared to analyst estimates of $1.80 billion. AECOM had a return on equity of 21.45% and a net margin of 0.42%. The firm’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.92 EPS. As a group, sell-side analysts forecast that AECOM will post 4.43 earnings per share for the current year.

Institutional Trading of AECOM

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Ables Iannone Moore & Associates Inc. purchased a new position in shares of AECOM in the 4th quarter valued at $28,000. Creekmur Asset Management LLC purchased a new position in shares of AECOM during the fourth quarter worth about $28,000. Rise Advisors LLC purchased a new position in shares of AECOM during the first quarter worth about $31,000. GAMMA Investing LLC acquired a new stake in shares of AECOM during the fourth quarter worth about $35,000. Finally, Manchester Capital Management LLC purchased a new stake in shares of AECOM in the 3rd quarter valued at about $38,000. Institutional investors and hedge funds own 85.41% of the company’s stock.

AECOM Company Profile

AECOM, together with its subsidiaries, provides professional infrastructure consulting services worldwide. It operates in three segments: Americas, International, and AECOM Capital. The company offers planning, consulting, architectural and engineering design, construction and program management, and investment and development services to public and private clients.