AECOM (NYSE:ACM) Earns Buy (B) Rating from Weiss Ratings

Key Points

• AECOM's stock has been given a strong buy (B) rating by Weiss Ratings, reaffirming investor confidence in the company.
• Several analysts, including Truist Financial and Bank of America, have raised their target prices for AECOM, indicating a consensus price target of $133.20 from eleven equities research analysts.
• In its last earnings report, AECOM surpassed estimates with earnings of $1.34 per share, reflecting a year-over-year revenue increase of 6.2%.

AECOM (NYSE:ACM - Get Free Report)'s stock had its "buy (b)" rating reissued by analysts at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

ACM has been the subject of several other reports. Truist Financial boosted their target price on AECOM from $128.00 to $146.00 and gave the company a "buy" rating in a report on Wednesday. Bank of America boosted their target price on AECOM from $112.50 to $124.00 and gave the company a "buy" rating in a report on Tuesday, August 5th. KeyCorp upped their price objective on AECOM from $129.00 to $131.00 and gave the company an "overweight" rating in a research note on Wednesday, August 6th. Citigroup reaffirmed a "buy" rating and set a $137.00 price objective (up from $122.00) on shares of AECOM in a research report on Monday, July 28th. Finally, National Bank Financial initiated coverage on AECOM in a research report on Wednesday. They set an "outperform" rating and a $151.00 price objective for the company. Eleven equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, AECOM currently has a consensus rating of "Buy" and a consensus price target of $133.20.

AECOM Stock Up 2.4%

Shares of NYSE:ACM traded up $3.05 on Wednesday, hitting $132.48. 218,164 shares of the company's stock were exchanged, compared to its average volume of 985,386. The firm's 50-day moving average is $124.40 and its 200 day moving average is $111.90. The company has a market capitalization of $17.55 billion, a PE ratio of 28.85, a P/E/G ratio of 1.75 and a beta of 1.03. AECOM has a 1-year low of $85.00 and a 1-year high of $133.81. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.17 and a current ratio of 1.17.

AECOM (NYSE:ACM - Get Free Report) last posted its earnings results on Monday, August 4th. The construction company reported $1.34 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.09. AECOM had a return on equity of 27.87% and a net margin of 3.82%.The business had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $4.33 billion. During the same period in the previous year, the business earned $1.16 EPS. The business's quarterly revenue was up 6.2% on a year-over-year basis. AECOM has set its FY 2025 guidance at 5.200-5.300 EPS. Sell-side analysts predict that AECOM will post 5.1 EPS for the current year.

Insider Buying and Selling at AECOM

In other news, CEO Troy Rudd sold 53,097 shares of the business's stock in a transaction on Friday, August 15th. The stock was sold at an average price of $119.56, for a total value of $6,348,277.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.41% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On AECOM

Several institutional investors have recently added to or reduced their stakes in ACM. UMB Bank n.a. increased its stake in AECOM by 126.7% in the first quarter. UMB Bank n.a. now owns 1,605 shares of the construction company's stock valued at $149,000 after purchasing an additional 897 shares during the last quarter. Park Avenue Securities LLC increased its stake in AECOM by 34.7% in the first quarter. Park Avenue Securities LLC now owns 9,752 shares of the construction company's stock valued at $904,000 after purchasing an additional 2,513 shares during the last quarter. Fifth Third Bancorp increased its stake in AECOM by 12.0% in the first quarter. Fifth Third Bancorp now owns 1,863 shares of the construction company's stock valued at $173,000 after purchasing an additional 199 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in AECOM by 170.2% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 26,543 shares of the construction company's stock valued at $2,461,000 after purchasing an additional 16,718 shares during the last quarter. Finally, Great Lakes Retirement Inc. increased its stake in AECOM by 12.7% in the first quarter. Great Lakes Retirement Inc. now owns 15,234 shares of the construction company's stock valued at $1,413,000 after purchasing an additional 1,714 shares during the last quarter. 85.41% of the stock is currently owned by institutional investors and hedge funds.

AECOM Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.