AECOM (NYSE:ACM) Given New $89.00 Price Target at Royal Bank Of Canada

AECOM (NYSE:ACM) had its price objective lowered by research analysts at Royal Bank Of Canada from $90.00 to $89.00 in a report issued on Thursday, Benzinga reports. The firm presently has an “outperform” rating on the construction company’s stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 51.86% from the company’s current price.

ACM has been the topic of a number of other reports. UBS Group decreased their price objective on shares of AECOM from $106.00 to $103.00 and set a “buy” rating on the stock in a research note on Thursday, October 8th. Robert W. Baird dropped their price objective on AECOM from $73.00 to $65.00 and set a “neutral” rating for the company in a research report on Friday, August 14th. Barclays reduced their price objective on AECOM from $90.00 to $73.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 12th. Zacks Research cut AECOM from a “hold” rating to a “strong sell” rating in a research report on Monday, August 10th. Finally, Argus decreased their target price on AECOM from $85.00 to $75.00 and set a “buy” rating on the stock in a research report on Tuesday, August 25th. Eight equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, AECOM presently has a consensus rating of “Moderate Buy” and an average price target of $81.18.

AECOM Stock Performance

Shares of ACM traded up $0.26 during trading hours on Thursday, hitting $58.61. The company had a trading volume of 86,025 shares, compared to its average volume of 1,760,198. The firm has a market cap of $7.54 billion, a price-to-earnings ratio of 26.80, a PEG ratio of 1.06 and a beta of 0.93. The business has a fifty day moving average of $63.55 and a 200-day moving average of $70.80. AECOM has a 12 month low of $56.39 and a 12 month high of $135.52. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.11.

AECOM (NYSE:ACM) last posted its earnings results on Monday, August 10th. The construction company reported ($0.50) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.46 by ($1.96). AECOM had a return on equity of 19.72% and a net margin of 1.87%. The company had revenue of $3.59 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same quarter in the prior year, the business posted $1.34 EPS. The business’s quarterly revenue was down 14.2% compared to the same quarter last year. AECOM has set its FY 2026 guidance at 3.950-4.150 EPS. Equities analysts anticipate that AECOM will post 3.98 EPS for the current fiscal year.

Hedge Funds Weigh In On AECOM

Institutional investors have recently made changes to their positions in the stock. Perpetual Ltd boosted its holdings in AECOM by 12.3% in the third quarter. Perpetual Ltd now owns 544,353 shares of the construction company’s stock worth $32,090,000 after acquiring an additional 59,631 shares in the last quarter. GAMMA Investing LLC raised its position in AECOM by 147.4% in the 3rd quarter. GAMMA Investing LLC now owns 1,378 shares of the construction company’s stock valued at $81,000 after buying an additional 821 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in AECOM by 89.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,417 shares of the construction company’s stock worth $142,000 after acquiring an additional 1,138 shares during the last quarter. Tidal Investments LLC raised its holdings in shares of AECOM by 61.5% in the second quarter. Tidal Investments LLC now owns 29,580 shares of the construction company’s stock valued at $2,056,000 after purchasing an additional 11,259 shares during the last quarter. Finally, Engineers Gate Manager LP lifted its position in shares of AECOM by 18.2% during the second quarter. Engineers Gate Manager LP now owns 129,355 shares of the construction company’s stock valued at $9,029,000 after purchasing an additional 19,883 shares in the last quarter. Institutional investors and hedge funds own 85.41% of the company’s stock.

About AECOM

AECOM (NYSE: ACM) is a global infrastructure consulting firm that provides professional services across the project lifecycle. Its activities include planning, design, engineering, architecture, program and construction management, environmental services, and operations support.

The company serves public- and private-sector clients in areas such as transportation, water, buildings, energy, environmental remediation, and government infrastructure. Its work includes roads and transit systems, airports, water and wastewater facilities, commercial and civic buildings, and large-scale urban development programs.

AECOM operates internationally, serving clients across North America, Europe, the Middle East, Asia-Pacific, and other global markets.