AECOM (NYSE:ACM) Price Target Cut to $79.00 by Analysts at Citigroup

Key Points

• Citigroup lowered AECOM’s price target from $84 to $79 while maintaining a “buy” rating, implying approximately 30.55% upside from the prior close.
• Analyst sentiment remains broadly positive, with eight buy ratings, two holds, and two sells; the consensus rating is “Moderate Buy” with an average price target of $80.73.
• AECOM shares fell 0.5% to $60.52, while the company’s latest quarterly results missed EPS expectations and revenue declined 14.2% year over year. Institutional investors own approximately 85.41% of the stock.

AECOM (NYSE:ACM - Get Free Report) had its target price cut by equities research analysts at Citigroup from $84.00 to $79.00 in a report issued on Friday, Benzinga reports. The brokerage currently has a "buy" rating on the construction company's stock. Citigroup's price target would indicate a potential upside of 30.55% from the company's previous close.

ACM has been the topic of several other reports. Truist Financial decreased their price target on shares of AECOM from $85.00 to $75.00 and set a "buy" rating on the stock in a research note on Monday, October 5th. KeyCorp reduced their price target on AECOM from $79.00 to $78.00 and set an "overweight" rating on the stock in a report on Thursday, October 15th. Piper Sandler set a $79.00 price target on AECOM in a research report on Wednesday, August 12th. UBS Group cut their price objective on AECOM from $106.00 to $103.00 and set a "buy" rating on the stock in a research report on Thursday, October 8th. Finally, Weiss Ratings downgraded AECOM from a "hold (c-)" rating to a "sell (d+)" rating in a report on Wednesday, August 12th. Eight equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $80.73.

AECOM Stock Down 0.5%

Shares of NYSE:ACM traded down $0.32 during midday trading on Friday, hitting $60.52. 465,458 shares of the company's stock were exchanged, compared to its average volume of 1,742,919. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.06 and a quick ratio of 1.06. The stock has a 50 day moving average price of $62.35 and a 200-day moving average price of $69.73. The company has a market cap of $7.79 billion, a PE ratio of 27.81, a price-to-earnings-growth ratio of 1.10 and a beta of 0.93. AECOM has a 12 month low of $56.39 and a 12 month high of $135.52.

AECOM (NYSE:ACM - Get Free Report) last posted its quarterly earnings data on Monday, August 10th. The construction company reported ($0.50) EPS for the quarter, missing the consensus estimate of $1.46 by ($1.96). AECOM had a net margin of 1.87% and a return on equity of 19.72%. The firm had revenue of $3.59 billion during the quarter, compared to analysts' expectations of $2.01 billion. During the same quarter last year, the business posted $1.34 EPS. The company's quarterly revenue was down 14.2% on a year-over-year basis. AECOM has set its FY 2026 guidance at 3.950-4.150 EPS. On average, sell-side analysts anticipate that AECOM will post 3.98 EPS for the current fiscal year.

Hedge Funds Weigh In On AECOM

Several large investors have recently modified their holdings of ACM. Caitong International Asset Management Co. Ltd lifted its position in AECOM by 95.4% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 295 shares of the construction company's stock valued at $28,000 after acquiring an additional 144 shares in the last quarter. Inceptionr LLC boosted its position in shares of AECOM by 0.8% during the first quarter. Inceptionr LLC now owns 19,252 shares of the construction company's stock valued at $1,627,000 after buying an additional 156 shares during the last quarter. Brookstone Capital Management raised its position in AECOM by 3.6% in the 3rd quarter. Brookstone Capital Management now owns 4,955 shares of the construction company's stock worth $292,000 after buying an additional 170 shares during the last quarter. Allworth Financial LP lifted its stake in AECOM by 9.8% during the 2nd quarter. Allworth Financial LP now owns 2,078 shares of the construction company's stock valued at $145,000 after acquiring an additional 186 shares during the period. Finally, Corient Private Wealth LLC lifted its stake in AECOM by 3.6% during the 4th quarter. Corient Private Wealth LLC now owns 6,562 shares of the construction company's stock valued at $626,000 after acquiring an additional 230 shares during the period. Hedge funds and other institutional investors own 85.41% of the company's stock.

About AECOM

AECOM is a global infrastructure consulting firm that provides professional services across the planning, design, engineering, construction, and management of complex projects. Its work supports transportation systems, buildings, water and wastewater infrastructure, energy facilities, environmental programs, and government and defense initiatives.

The company offers architecture and engineering, program and construction management, environmental consulting, planning, advisory, and asset-management services.

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