Analysts Set AECOM (NYSE:ACM) Price Target at $120.38

Shares of AECOM (NYSE:ACM) have received an average recommendation of “Buy” from the eight analysts that are presently covering the stock, Marketbeat.com reports. Eight research analysts have rated the stock with a buy recommendation. The average twelve-month price target among brokers that have covered the stock in the last year is $120.38.

Several brokerages have commented on ACM. Robert W. Baird dropped their price target on shares of AECOM from $125.00 to $117.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 4th. Citigroup dropped their price target on shares of AECOM from $128.00 to $127.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. Truist Financial raised their price target on shares of AECOM from $119.00 to $129.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. 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 target on the stock. Finally, KeyCorp lowered their price objective on shares of AECOM from $122.00 to $121.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th.

Institutional Trading of AECOM

A number of large investors have recently added to or reduced their stakes in ACM. Raymond James & Associates boosted its stake in AECOM by 1.3% in the 3rd quarter. Raymond James & Associates now owns 37,221 shares of the construction company’s stock worth $3,844,000 after purchasing an additional 490 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new position in AECOM in the 3rd quarter worth approximately $59,000. Forsta AP Fonden boosted its stake in AECOM by 16.6% in the 3rd quarter. Forsta AP Fonden now owns 26,000 shares of the construction company’s stock worth $2,685,000 after purchasing an additional 3,700 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in AECOM by 131.3% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 7,721 shares of the construction company’s stock worth $797,000 after purchasing an additional 4,383 shares during the period. Finally, State of Alaska Department of Revenue boosted its stake in AECOM by 5.5% in the 3rd quarter. State of Alaska Department of Revenue now owns 15,573 shares of the construction company’s stock worth $1,608,000 after purchasing an additional 810 shares during the period. 85.41% of the stock is currently owned by institutional investors.

AECOM Price Performance

ACM opened at $93.94 on Friday. The firm has a market cap of $12.46 billion, a price-to-earnings ratio of 26.69, a price-to-earnings-growth ratio of 1.63 and a beta of 1.19. AECOM has a fifty-two week low of $82.23 and a fifty-two week high of $118.56. The company’s 50-day moving average price is $104.87 and its 200 day moving average price 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 (NYSE:ACM) last announced 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 expect that AECOM will post 5.1 earnings per share for the current year.

AECOM announced that its Board of Directors has authorized a share buyback program on Monday, November 18th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the construction company to purchase up to 6.8% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its stock is undervalued.

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.