AECOM (NYSE:ACM) PT Raised to $128.00 at Citigroup

AECOM (NYSE:ACM) had its price objective upped by investment analysts at Citigroup from $110.00 to $128.00 in a report issued on Tuesday, Benzinga reports. The firm currently has a “buy” rating on the construction company’s stock. Citigroup’s price target would indicate a potential upside of 20.04% from the company’s current price.

A number of other research firms have also recently commented on ACM. Truist Financial raised their price target on shares of AECOM from $108.00 to $119.00 and gave the stock a “buy” rating in a report on Friday, October 4th. Royal Bank of Canada boosted their price objective on AECOM from $112.00 to $113.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. KeyCorp increased their target price on AECOM from $99.00 to $115.00 and gave the stock an “overweight” rating in a report on Monday, October 7th. Robert W. Baird boosted their price target on shares of AECOM from $96.00 to $100.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Finally, Barclays upped their price objective on shares of AECOM from $100.00 to $105.00 and gave the stock an “overweight” rating in a report on Thursday, August 8th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $112.29.

AECOM Trading Down 0.8 %

Shares of NYSE:ACM traded down $0.86 during midday trading on Tuesday, reaching $106.63. The company’s stock had a trading volume of 173,067 shares, compared to its average volume of 789,410. AECOM has a fifty-two week low of $74.40 and a fifty-two week high of $108.26. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.13 and a current ratio of 1.13. The firm has a 50 day moving average price of $100.47 and a two-hundred day moving average price of $93.73. The firm has a market capitalization of $14.52 billion, a price-to-earnings ratio of -1,184.33, a PEG ratio of 1.58 and a beta of 1.17.

AECOM (NYSE:ACM) last issued its quarterly earnings results on Monday, August 5th. The construction company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.04. The firm had revenue of $4.15 billion for the quarter, compared to analyst estimates of $1.85 billion. AECOM had a return on equity of 24.14% and a net margin of 1.61%. The company’s revenue was up 13.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.94 earnings per share. As a group, analysts forecast that AECOM will post 4.46 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of ACM. Ninety One UK Ltd purchased a new stake in AECOM during the second quarter worth about $46,109,000. Findlay Park Partners LLP raised its holdings in shares of AECOM by 22.6% in the 1st quarter. Findlay Park Partners LLP now owns 2,561,327 shares of the construction company’s stock worth $251,215,000 after purchasing an additional 472,944 shares during the period. DekaBank Deutsche Girozentrale lifted its stake in AECOM by 451.9% in the first quarter. DekaBank Deutsche Girozentrale now owns 481,769 shares of the construction company’s stock valued at $47,617,000 after purchasing an additional 394,481 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in AECOM by 18.8% during the second quarter. Bank of New York Mellon Corp now owns 1,628,924 shares of the construction company’s stock valued at $143,573,000 after purchasing an additional 258,250 shares during the period. Finally, Impax Asset Management Group plc grew its holdings in AECOM by 15.5% during the second quarter. Impax Asset Management Group plc now owns 1,752,487 shares of the construction company’s stock valued at $154,464,000 after purchasing an additional 235,350 shares during the period. Institutional investors 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.