Truist Financial Issues Pessimistic Forecast for AECOM (NYSE:ACM) Stock Price

AECOM (NYSE:ACM) had its price objective decreased by Truist Financial from $148.00 to $126.00 in a report released on Thursday,Benzinga reports. The firm presently has a “buy” rating on the construction company’s stock. Truist Financial’s price target suggests a potential upside of 28.64% from the stock’s previous close.

A number of other analysts have also commented on ACM. Baird R W lowered AECOM from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 21st. Robert W. Baird reduced their price target on shares of AECOM from $144.00 to $143.00 and set a “neutral” rating for the company in a research report on Wednesday, November 19th. UBS Group lowered their price objective on shares of AECOM from $153.00 to $148.00 and set a “buy” rating on the stock in a report on Wednesday, November 19th. KeyCorp lifted their price objective on shares of AECOM from $131.00 to $144.00 and gave the company an “overweight” rating in a report on Monday, October 20th. Finally, Barclays lowered their price objective on AECOM from $145.00 to $135.00 and set an “overweight” rating for the company in a research note on Thursday, November 20th. Ten research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, AECOM presently has a consensus rating of “Moderate Buy” and an average target price of $139.70.

AECOM Trading Down 0.4%

Shares of ACM stock opened at $97.95 on Thursday. AECOM has a fifty-two week low of $85.00 and a fifty-two week high of $135.52. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.14 and a current ratio of 1.14. The stock has a 50 day simple moving average of $119.55 and a two-hundred day simple moving average of $119.36. The company has a market cap of $12.97 billion, a P/E ratio of 23.41, a PEG ratio of 1.43 and a beta of 1.05.

AECOM (NYSE:ACM) last released its earnings results on Tuesday, November 18th. The construction company reported $1.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.34 by $0.02. The company had revenue of $4.18 billion for the quarter, compared to the consensus estimate of $4.31 billion. AECOM had a net margin of 3.48% and a return on equity of 27.35%. AECOM’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.27 EPS. AECOM has set its FY 2026 guidance at 5.650-5.850 EPS. Research analysts forecast that AECOM will post 5.1 earnings per share for the current year.

Institutional Trading of AECOM

Several institutional investors and hedge funds have recently modified their holdings of ACM. Swiss Life Asset Management Ltd increased its position in shares of AECOM by 10.0% in the third quarter. Swiss Life Asset Management Ltd now owns 178,010 shares of the construction company’s stock worth $23,225,000 after purchasing an additional 16,112 shares during the last quarter. Tevis Investment Management bought a new position in shares of AECOM in the 3rd quarter worth $372,000. JPMorgan Chase & Co. raised its position in shares of AECOM by 1.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 731,321 shares of the construction company’s stock valued at $95,419,000 after buying an additional 12,664 shares in the last quarter. CIBC Private Wealth Group LLC increased its stake in AECOM by 287.5% in the third quarter. CIBC Private Wealth Group LLC now owns 3,495 shares of the construction company’s stock valued at $456,000 after acquiring an additional 2,593 shares during the last quarter. Finally, CIBC Bancorp USA Inc. purchased a new stake in AECOM during the third quarter valued at about $619,000. Hedge funds and other institutional investors own 85.41% of the company’s stock.

About AECOM

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.