AECOM (NYSE:ACM) Receives $120.38 Consensus PT from Analysts

AECOM (NYSE:ACM) has earned a consensus rating of “Buy” from the eight ratings firms that are covering the company, Marketbeat.com reports. Eight investment analysts have rated the stock with a buy rating. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $120.38.

Several research firms recently issued reports on ACM. Robert W. Baird reduced their price objective on shares of AECOM from $125.00 to $117.00 and set an “outperform” rating for the company in a research note on Tuesday, February 4th. The Goldman Sachs Group began coverage on shares of AECOM in a research note on Friday, November 22nd. They issued a “buy” rating and a $130.00 price objective for the company. KeyCorp reduced their price objective on shares of AECOM from $122.00 to $121.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. Truist Financial boosted their target price on shares of AECOM from $119.00 to $129.00 and gave the stock a “buy” rating in a research report on Friday, November 22nd. Finally, Citigroup cut their target price on shares of AECOM from $128.00 to $127.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th.

AECOM Trading Down 3.3 %

AECOM stock opened at $93.94 on Friday. The company’s fifty day simple moving average is $104.87 and its 200-day simple moving average is $105.49. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.02. AECOM has a 12 month low of $82.23 and a 12 month high of $118.56. The stock has a market cap of $12.46 billion, a P/E ratio of 26.69, a P/E/G ratio of 1.63 and a beta of 1.19.

AECOM (NYSE:ACM) last posted its quarterly earnings results on Monday, February 3rd. The construction company reported $1.31 EPS for the quarter, beating the consensus estimate of $1.10 by $0.21. AECOM had a net margin of 2.93% and a return on equity of 26.84%. As a group, sell-side analysts forecast that AECOM will post 5.1 EPS for the current fiscal year.

AECOM declared that its board has initiated a stock repurchase program on Monday, November 18th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the construction company to reacquire up to 6.8% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board believes its stock is undervalued.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Magnus Financial Group LLC increased its stake in AECOM by 93.5% in the fourth quarter. Magnus Financial Group LLC now owns 4,860 shares of the construction company’s stock valued at $519,000 after acquiring an additional 2,348 shares during the period. JPMorgan Chase & Co. increased its stake in AECOM by 40.1% in the third quarter. JPMorgan Chase & Co. now owns 768,266 shares of the construction company’s stock valued at $79,339,000 after acquiring an additional 220,035 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its stake in AECOM by 5.0% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 258,680 shares of the construction company’s stock valued at $26,714,000 after acquiring an additional 12,224 shares during the period. TT International Asset Management LTD bought a new stake in AECOM in the fourth quarter valued at about $3,578,000. Finally, Park Avenue Securities LLC increased its stake in AECOM by 176.9% in the fourth quarter. Park Avenue Securities LLC now owns 7,239 shares of the construction company’s stock valued at $773,000 after acquiring an additional 4,625 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.