AECOM (NYSE:ACM) Given New $118.00 Price Target at Robert W. Baird

AECOM (NYSE:ACM - Get Free Report) had its price target boosted by analysts at Robert W. Baird from $108.00 to $118.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has an "outperform" rating on the construction company's stock. Robert W. Baird's price target points to a potential upside of 12.74% from the stock's current price.

Several other brokerages have also recently weighed in on ACM. Citigroup lowered their price target on shares of AECOM from $127.00 to $116.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. KeyCorp dropped their price target on shares of AECOM from $121.00 to $109.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Barclays lifted 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. Finally, Truist Financial cut their target price on AECOM from $129.00 to $121.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Nine equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, AECOM has an average rating of "Buy" and a consensus price target of $119.00.

AECOM Price Performance

Shares of NYSE:ACM traded up $0.30 during trading on Tuesday, reaching $104.67. The stock had a trading volume of 559,751 shares, compared to its average volume of 914,104. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.14 and a current ratio of 1.14. AECOM has a 1-year low of $82.23 and a 1-year high of $118.56. The stock has a market cap of $13.85 billion, a PE ratio of 29.74, a PEG ratio of 1.63 and a beta of 0.96. The business has a fifty day moving average price of $95.47 and a 200-day moving average price of $103.48.

AECOM (NYSE:ACM - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The construction company reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.10. The firm had revenue of $3.77 billion for the quarter, compared to the consensus estimate of $4.18 billion. AECOM had a net margin of 2.93% and a return on equity of 26.84%. The company's revenue for the quarter was up 2.6% on a year-over-year basis. During the same period last year, the firm posted $1.04 earnings per share. On average, equities analysts forecast that AECOM will post 5.1 earnings per share for the current fiscal year.

Institutional Trading of AECOM

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Prudential Financial Inc. raised its position in AECOM by 16.6% during the 4th quarter. Prudential Financial Inc. now owns 27,524 shares of the construction company's stock worth $2,940,000 after buying an additional 3,921 shares during the last quarter. Magnus Financial Group LLC lifted its position in AECOM by 93.5% in the fourth quarter. Magnus Financial Group LLC now owns 4,860 shares of the construction company's stock valued at $519,000 after purchasing an additional 2,348 shares during the period. Raymond James Financial Inc. acquired a new position in AECOM during the 4th quarter worth approximately $9,705,000. TT International Asset Management LTD acquired a new position in AECOM during the 4th quarter worth approximately $3,578,000. Finally, Park Avenue Securities LLC raised its stake in shares of AECOM by 176.9% during the 4th quarter. Park Avenue Securities LLC now owns 7,239 shares of the construction company's stock worth $773,000 after buying an additional 4,625 shares in the last quarter. 85.41% of the stock is owned by hedge funds and other 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.