KeyCorp Raises AECOM (NYSE:ACM) Price Target to $99.00

AECOM (NYSE:ACM) had its target price upped by stock analysts at KeyCorp from $94.00 to $99.00 in a report released on Wednesday, Benzinga reports. The firm presently has an “overweight” rating on the construction company’s stock. KeyCorp’s price target would suggest a potential upside of 8.11% from the stock’s current price.

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

AECOM Stock Performance

Shares of NYSE ACM traded up $0.55 during mid-day trading on Wednesday, hitting $91.57. The stock had a trading volume of 1,437,207 shares, compared to its average volume of 785,722. The firm has a market cap of $12.47 billion, a PE ratio of -1,024.22, a PEG ratio of 1.47 and a beta of 1.17. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.06 and a current ratio of 1.06. The company has a 50 day moving average of $87.68 and a two-hundred day moving average of $90.41. AECOM has a twelve month low of $74.40 and a twelve month high of $98.72.

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

Insider Activity

In related news, Director Douglas Stotlar sold 7,179 shares of AECOM stock in a transaction on Friday, May 10th. The shares were sold at an average price of $93.51, for a total value of $671,308.29. Following the sale, the director now owns 34,667 shares of the company’s stock, valued at approximately $3,241,711.17. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.42% of the company’s stock.

Institutional Investors Weigh In On AECOM

Several institutional investors have recently bought and sold shares of ACM. Acadian Asset Management LLC purchased a new position in shares of AECOM in the first quarter valued at approximately $1,085,000. Janney Montgomery Scott LLC grew its holdings in shares of AECOM by 1,082.9% during the first quarter. Janney Montgomery Scott LLC now owns 34,778 shares of the construction company’s stock worth $3,411,000 after buying an additional 31,838 shares in the last quarter. Norges Bank acquired a new stake in shares of AECOM in the fourth quarter valued at about $159,060,000. International Assets Investment Management LLC purchased a new position in shares of AECOM in the fourth quarter worth about $1,640,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in AECOM by 102.7% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 232,223 shares of the construction company’s stock worth $22,777,000 after acquiring an additional 117,646 shares during the last quarter. 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.