AECOM’s (ACM) “Buy” Rating Reaffirmed at Truist Financial

AECOM (NYSE:ACM)‘s stock had its “buy” rating reissued by investment analysts at Truist Financial in a research report issued on Wednesday, Benzinga reports. They presently have a $113.00 price target on the construction company’s stock, up from their previous price target of $106.00. Truist Financial’s target price suggests a potential upside of 21.90% from the stock’s previous close.

Other analysts have also issued reports about the company. KeyCorp raised their price target on AECOM from $104.00 to $105.00 and gave the stock an “overweight” rating in a research note on Friday, April 19th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $109.00 price objective on shares of AECOM in a research note on Wednesday, February 7th. Barclays lifted their price objective on AECOM from $90.00 to $100.00 and gave the company an “overweight” rating in a research note on Tuesday, February 13th. Robert W. Baird lifted their price objective on AECOM from $104.00 to $110.00 and gave the company an “outperform” rating in a research note on Tuesday. Finally, Citigroup lifted their price objective on AECOM from $107.00 to $116.00 and gave the company a “buy” rating in a research note on Monday, April 22nd. Eight analysts have rated the stock with a buy rating, According to MarketBeat, AECOM currently has an average rating of “Buy” and a consensus target price of $107.43.

AECOM Stock Up 0.5 %

Shares of NYSE:ACM opened at $92.70 on Wednesday. The stock’s 50-day moving average price is $94.04 and its two-hundred day moving average price is $89.81. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.87. AECOM has a 12-month low of $74.40 and a 12-month high of $98.72. The firm has a market cap of $12.61 billion, a price-to-earnings ratio of 206.00, a PEG ratio of 1.41 and a beta of 1.23.

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 analysts’ consensus estimates of $1.05 by ($0.01). AECOM had a return on equity of 21.45% and a net margin of 0.42%. The business had revenue of $3.94 billion during the quarter, compared to analyst estimates of $1.80 billion. During the same period in the previous year, the business posted $0.92 earnings per share. The firm’s quarterly revenue was up 13.0% on a year-over-year basis. On average, research analysts forecast that AECOM will post 4.43 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Norges Bank acquired a new position in AECOM during the 4th quarter worth $159,060,000. Findlay Park Partners LLP increased its stake in shares of AECOM by 22.6% in the first quarter. Findlay Park Partners LLP now owns 2,561,327 shares of the construction company’s stock worth $251,215,000 after acquiring an additional 472,944 shares during the last quarter. Payden & Rygel Investment Group bought a new stake in shares of AECOM in the 3rd quarter valued at approximately $24,669,000. BI Asset Management Fondsmaeglerselskab A S increased its stake in shares of AECOM by 1,170.9% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 240,512 shares of the construction company’s stock worth $23,589,000 after purchasing an additional 221,588 shares during the last quarter. Finally, SG Americas Securities LLC increased its position in AECOM by 1,717.1% during the first quarter. SG Americas Securities LLC now owns 163,480 shares of the construction company’s stock worth $16,034,000 after buying an additional 154,483 shares during the last quarter. 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.