AECOM (NYSE:ACM) PT Raised to $99.00

AECOM (NYSE:ACM) had its price target raised by analysts at KeyCorp from $94.00 to $99.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm currently has an “overweight” rating on the construction company’s stock. KeyCorp’s price target indicates a potential upside of 8.11% from the company’s current price.

Several other research analysts also recently issued reports on ACM. Truist Financial restated a “buy” rating and set a $108.00 price objective (up from $107.00) on shares of AECOM in a research report on Wednesday. Robert W. Baird upped their price objective on AECOM from $96.00 to $100.00 and gave the company an “outperform” rating in a research report on Wednesday. Royal Bank of Canada lifted their price target on shares of AECOM from $112.00 to $113.00 and gave the stock an “outperform” rating in a report on Wednesday. UBS Group upped their price objective on shares of AECOM from $105.00 to $106.00 and gave the company a “buy” rating in a research note on Thursday, May 23rd. Finally, Citigroup decreased their target price on shares of AECOM from $116.00 to $104.00 and set a “buy” rating on the stock in a research report on Monday, July 22nd. Nine analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $103.63.

AECOM Price Performance

Shares of ACM stock traded up $0.55 during mid-day trading on Wednesday, reaching $91.57. The stock had a trading volume of 1,437,207 shares, compared to its average volume of 785,722. The company has a market cap of $12.47 billion, a P/E ratio of -1,024.22, a price-to-earnings-growth ratio of 1.47 and a beta of 1.17. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.88. AECOM has a 12-month low of $74.40 and a 12-month high of $98.72. The business has a 50-day simple moving average of $87.68 and a 200 day simple moving average of $90.41.

AECOM (NYSE:ACM) last issued its quarterly earnings data on Monday, August 5th. The construction company reported $1.16 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.04. The firm had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $1.85 billion. AECOM had a negative net margin of 0.09% and a positive return on equity of 22.73%. The firm’s revenue was up 13.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.94 EPS. On average, sell-side analysts anticipate that AECOM will post 4.42 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Douglas Stotlar sold 7,179 shares of the stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $93.51, for a total transaction of $671,308.29. Following the completion of the transaction, the director now directly owns 34,667 shares in the company, valued at approximately $3,241,711.17. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.42% of the stock is owned by company insiders.

Hedge Funds Weigh In On AECOM

A number of hedge funds have recently bought and sold shares of the company. Raymond James & Associates lifted its holdings in AECOM by 5.4% in the fourth quarter. Raymond James & Associates now owns 33,923 shares of the construction company’s stock worth $3,136,000 after acquiring an additional 1,740 shares during the last quarter. Arizona State Retirement System increased its position in AECOM by 0.5% in the fourth quarter. Arizona State Retirement System now owns 36,221 shares of the construction company’s stock worth $3,348,000 after buying an additional 196 shares during the period. International Assets Investment Management LLC bought a new stake in AECOM in the fourth quarter valued at $1,640,000. DekaBank Deutsche Girozentrale boosted its holdings in shares of AECOM by 29.5% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 87,288 shares of the construction company’s stock valued at $8,100,000 after acquiring an additional 19,867 shares during the period. Finally, Tobam bought a new position in shares of AECOM during the fourth quarter worth about $58,000. 85.41% of the stock is currently owned by institutional investors and hedge funds.

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.