AECOM (NYSE:ACM) Earns Outperform Rating from Analysts at National Bank Financial

Key Points

• National Bank Financial has initiated coverage on AECOM (NYSE: ACM) with an "outperform" rating and a price target of $151.00, indicating a potential upside of 16.82% from its current stock price.
• AECOM recently reported earnings of $1.34 per share for the quarter, surpassing the consensus estimate by $0.09, while revenue of $1.94 billion was also a 6.2% increase year-over-year.
• Currently, AECOM has an average analyst rating of "Buy" with a consensus price target set at $130.70 based on evaluations from multiple analysts, reflecting positive sentiment for the company's stock.

Research analysts at National Bank Financial started coverage on shares of AECOM (NYSE:ACM - Get Free Report) in a research note issued to investors on Wednesday. The brokerage set an "outperform" rating and a $151.00 price target on the construction company's stock. National Bank Financial's price target suggests a potential upside of 16.82% from the company's current price.

A number of other analysts also recently commented on ACM. Wall Street Zen upgraded shares of AECOM from a "hold" rating to a "buy" rating in a report on Friday, September 26th. Citigroup reiterated a "buy" rating and issued a $137.00 price objective (up previously from $122.00) on shares of AECOM in a report on Monday, July 28th. KeyCorp increased their price objective on shares of AECOM from $129.00 to $131.00 and gave the company an "overweight" rating in a report on Wednesday, August 6th. Barclays increased their price objective on shares of AECOM from $120.00 to $130.00 and gave the company an "overweight" rating in a report on Tuesday, August 12th. Finally, Bank of America increased their price objective on shares of AECOM from $112.50 to $124.00 and gave the company a "buy" rating in a report on Tuesday, August 5th. Eleven equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $130.70.

AECOM Stock Down 0.2%

ACM opened at $129.26 on Wednesday. AECOM has a twelve month low of $85.00 and a twelve month high of $133.81. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.91. The company has a 50-day moving average price of $124.40 and a 200 day moving average price of $111.90. The company has a market cap of $17.12 billion, a PE ratio of 28.16, a price-to-earnings-growth ratio of 1.75 and a beta of 1.03.

AECOM (NYSE:ACM - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The construction company reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.09. AECOM had a net margin of 3.82% and a return on equity of 27.87%. The firm had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $4.33 billion. During the same quarter in the prior year, the firm earned $1.16 EPS. The company's revenue for the quarter 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 expect that AECOM will post 5.1 earnings per share for the current fiscal year.

Insider Buying and Selling at AECOM

In related news, CEO Troy Rudd sold 53,097 shares of the stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $119.56, for a total transaction of $6,348,277.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.41% of the company's stock.

Hedge Funds Weigh In On AECOM

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ACM. TCTC Holdings LLC boosted its position in AECOM by 120.3% in the 1st quarter. TCTC Holdings LLC now owns 304 shares of the construction company's stock valued at $28,000 after buying an additional 166 shares during the period. MAI Capital Management purchased a new position in AECOM in the 1st quarter valued at approximately $28,000. Caitong International Asset Management Co. Ltd boosted its position in AECOM by 212.9% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 316 shares of the construction company's stock valued at $29,000 after buying an additional 215 shares during the period. SVB Wealth LLC purchased a new position in AECOM in the 1st quarter valued at approximately $33,000. Finally, EverSource Wealth Advisors LLC lifted its position in shares of AECOM by 189.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 298 shares of the construction company's stock worth $34,000 after purchasing an additional 195 shares during the last quarter. Hedge funds and other 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.

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