AECOM (NYSE:ACM) Price Target Lowered to $127.00 at Citigroup

AECOM (NYSE:ACM) had its price objective reduced by research analysts at Citigroup from $128.00 to $127.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the construction company’s stock. Citigroup’s price objective would indicate a potential upside of 20.47% from the company’s current price.

A number of other research analysts have also recently commented on the company. StockNews.com raised AECOM from a “hold” rating to a “buy” rating in a research note on Sunday, October 27th. Robert W. Baird increased their price objective on AECOM from $113.00 to $122.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. Truist Financial boosted their target price on AECOM from $119.00 to $129.00 and gave the stock a “buy” rating in a research report on Friday, November 22nd. The Goldman Sachs Group started coverage on shares of AECOM in a research report on Friday, November 22nd. They set 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 for the company in a report on Wednesday, January 8th. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $119.13.

AECOM Stock Performance

Shares of ACM opened at $105.42 on Wednesday. AECOM has a 12-month low of $82.23 and a 12-month high of $118.56. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.03. The company has a market cap of $13.98 billion, a PE ratio of 35.61, a price-to-earnings-growth ratio of 1.89 and a beta of 1.19. The stock has a 50-day moving average price of $110.31 and a 200-day moving average price of $103.66.

AECOM (NYSE:ACM) last announced its earnings results on Monday, November 18th. The construction company reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.03. The business had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.86 billion. AECOM had a net margin of 2.50% and a return on equity of 25.46%. AECOM’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.01 earnings per share. As a group, equities analysts forecast that AECOM will post 5.08 earnings per share for the current fiscal year.

AECOM declared that its Board of Directors has approved a stock buyback program on Monday, November 18th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the construction company to purchase up to 6.8% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s management believes its shares are undervalued.

Insider Transactions at AECOM

In other news, CFO Gaurav Kapoor sold 42,400 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $115.34, for a total value of $4,890,416.00. Following the completion of the transaction, the chief financial officer now owns 31,228 shares in the company, valued at $3,601,837.52. This trade represents a 57.59 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.42% of the company’s stock.

Hedge Funds Weigh In On AECOM

Institutional investors have recently added to or reduced their stakes in the company. Private Trust Co. NA bought a new stake in shares of AECOM in the 3rd quarter worth approximately $30,000. True Wealth Design LLC boosted its holdings in AECOM by 4,242.9% in the third quarter. True Wealth Design LLC now owns 304 shares of the construction company’s stock worth $31,000 after acquiring an additional 297 shares in the last quarter. UMB Bank n.a. grew its stake in shares of AECOM by 196.2% in the third quarter. UMB Bank n.a. now owns 388 shares of the construction company’s stock worth $40,000 after acquiring an additional 257 shares during the last quarter. Kathleen S. Wright Associates Inc. bought a new position in shares of AECOM during the third quarter valued at $50,000. Finally, Wingate Wealth Advisors Inc. purchased a new position in shares of AECOM in the 4th quarter worth about $51,000. Institutional investors own 85.41% of the company’s stock.

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.