Citigroup Has Lowered Expectations for AECOM (NYSE:ACM) Stock Price

AECOM (NYSE:ACM - Get Free Report) had its price target decreased by analysts at Citigroup from $127.00 to $116.00 in a report released on Friday,Benzinga reports. The brokerage currently has a "buy" rating on the construction company's stock. Citigroup's price target suggests a potential upside of 18.38% from the stock's current price.

ACM has been the topic of several other research reports. Barclays raised their price target on shares of AECOM from $105.00 to $120.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. KeyCorp lowered their price objective on shares of AECOM from $121.00 to $109.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Robert W. Baird decreased their target price on AECOM from $125.00 to $117.00 and set an "outperform" rating for the company in a research report on Tuesday, February 4th. Finally, Truist Financial decreased their price target on shares of AECOM from $129.00 to $121.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, AECOM presently has a consensus rating of "Buy" and an average price target of $116.50.

AECOM Trading Down 0.2 %

Shares of ACM stock traded down $0.18 on Friday, hitting $97.99. The company had a trading volume of 222,701 shares, compared to its average volume of 906,348. The stock's 50-day moving average is $94.68 and its two-hundred day moving average is $103.74. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.14 and a current ratio of 1.14. The firm has a market cap of $13.00 billion, a P/E ratio of 27.84, a P/E/G ratio of 1.63 and a beta of 1.03. AECOM has a twelve month low of $82.23 and a twelve month high of $118.56.

AECOM (NYSE:ACM - Get Free Report) last posted its quarterly earnings data on Monday, February 3rd. The construction company reported $1.31 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.21. AECOM had a return on equity of 26.84% and a net margin of 2.93%. On average, equities research analysts anticipate that AECOM will post 5.1 earnings per share for the current fiscal year.

Institutional Investors Weigh In On AECOM

Several large investors have recently bought and sold shares of the business. Franklin Resources Inc. grew its position in AECOM by 1.5% in the 3rd quarter. Franklin Resources Inc. now owns 6,162 shares of the construction company's stock worth $655,000 after purchasing an additional 91 shares during the period. Ranch Capital Advisors Inc. boosted its stake in shares of AECOM by 2.3% during the 4th quarter. Ranch Capital Advisors Inc. now owns 4,482 shares of the construction company's stock worth $479,000 after acquiring an additional 99 shares during the last quarter. Brown Brothers Harriman & Co. grew its position in shares of AECOM by 17.5% during the 4th quarter. Brown Brothers Harriman & Co. now owns 691 shares of the construction company's stock valued at $74,000 after acquiring an additional 103 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in shares of AECOM by 1.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 7,830 shares of the construction company's stock worth $809,000 after purchasing an additional 109 shares in the last quarter. Finally, Avitas Wealth Management LLC raised its holdings in AECOM by 0.6% in the 4th quarter. Avitas Wealth Management LLC now owns 18,939 shares of the construction company's stock worth $2,023,000 after purchasing an additional 110 shares during the period. 85.41% of the stock is currently owned by institutional investors.

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.