AECOM (NYSE:ACM) PT Raised to $113.00

AECOM (NYSE:ACM) had its target price lifted by investment analysts at Royal Bank of Canada from $112.00 to $113.00 in a research report issued on Wednesday, Benzinga reports. The firm presently has an “outperform” rating on the construction company’s stock. Royal Bank of Canada’s price target would indicate a potential upside of 21.51% from the stock’s previous close.

Several other research firms have also recently issued reports on ACM. Citigroup reduced their price objective 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. KeyCorp reduced their price objective on shares of AECOM from $105.00 to $94.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 17th. Truist Financial restated a “buy” rating and issued a $108.00 price target (up previously from $107.00) on shares of AECOM in a research report on Wednesday. UBS Group boosted their price target on shares of AECOM from $105.00 to $106.00 and gave the stock a “buy” rating in a research report on Thursday, May 23rd. Finally, Robert W. Baird boosted their price target on shares of AECOM from $96.00 to $100.00 and gave the stock an “outperform” rating in a research report on Wednesday. Nine analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $103.00.

AECOM Price Performance

NYSE:ACM traded up $1.98 during trading hours on Wednesday, hitting $93.00. 544,047 shares of the stock traded hands, compared to its average volume of 779,807. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.88. AECOM has a 1 year low of $74.40 and a 1 year high of $98.72. The company has a market cap of $12.66 billion, a price-to-earnings ratio of -1,042.78, a price-to-earnings-growth ratio of 1.47 and a beta of 1.17. The stock has a 50 day moving average price of $87.68 and a 200 day moving average price of $90.41.

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

Insider Activity

In other news, Director Douglas Stotlar sold 7,179 shares of the business’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $93.51, for a total transaction of $671,308.29. Following the completion of the sale, the director now directly owns 34,667 shares of the company’s stock, valued at $3,241,711.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.42% of the company’s stock.

Institutional Trading of AECOM

A number of hedge funds have recently added to or reduced their stakes in ACM. Norges Bank bought a new position in AECOM in the fourth quarter worth about $159,060,000. Ninety One UK Ltd acquired a new position in shares of AECOM during the second quarter valued at about $46,109,000. Findlay Park Partners LLP increased its holdings in shares of AECOM by 22.6% during the first quarter. Findlay Park Partners LLP now owns 2,561,327 shares of the construction company’s stock valued at $251,215,000 after acquiring an additional 472,944 shares in the last quarter. DekaBank Deutsche Girozentrale increased its holdings in shares of AECOM by 451.9% during the first quarter. DekaBank Deutsche Girozentrale now owns 481,769 shares of the construction company’s stock valued at $47,617,000 after acquiring an additional 394,481 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of 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 acquiring an additional 258,250 shares in the last quarter. 85.41% of the stock is owned by hedge funds and other institutional investors.

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.