AECOM (NYSE:ACM) Stock Price Target Lowered at Royal Bank Of Canada

Key Points

• Royal Bank of Canada lowered AECOM’s price target from $90 to $89 while maintaining an “outperform” rating, implying 51.86% upside from the previous close.
• Analyst sentiment remains generally positive: eight analysts rate AECOM a Buy, two Hold, and two Sell, producing a “Moderate Buy” consensus and average price target of $81.18.
• AECOM shares rose 0.4% to $58.61, but the company recently missed quarterly EPS estimates by $1.96 despite reporting $3.59 billion in revenue; institutional investors own 85.41% of its stock.

AECOM (NYSE:ACM - Get Free Report) had its target price lowered by equities researchers at Royal Bank Of Canada from $90.00 to $89.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm presently has an "outperform" rating on the construction company's stock. Royal Bank Of Canada's price objective suggests a potential upside of 51.86% from the company's previous close.

A number of other analysts have also issued reports on the company. Truist Financial lowered their target price on AECOM from $85.00 to $75.00 and set a "buy" rating on the stock in a report on Monday, October 5th. The Goldman Sachs Group set a $91.00 price objective on AECOM in a research report on Wednesday, August 12th. Barclays dropped their price target on shares of AECOM from $90.00 to $73.00 and set an "equal weight" rating for the company in a research report on Wednesday, August 12th. Weiss Ratings cut shares of AECOM from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Wednesday, August 12th. Finally, UBS Group decreased their price target on AECOM from $106.00 to $103.00 and set a "buy" rating on the stock in a research note on Thursday, October 8th. Eight equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $81.18.

AECOM Stock Up 0.4%

Shares of NYSE ACM traded up $0.26 during mid-day trading on Thursday, reaching $58.61. The company had a trading volume of 86,025 shares, compared to its average volume of 1,760,198. The company has a market capitalization of $7.54 billion, a price-to-earnings ratio of 26.80, a PEG ratio of 1.06 and a beta of 0.93. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a fifty day moving average of $63.55 and a two-hundred day moving average of $70.80. AECOM has a 12-month low of $56.39 and a 12-month high of $135.52.

AECOM (NYSE:ACM - Get Free Report) last released its earnings results on Monday, August 10th. The construction company reported ($0.50) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.46 by ($1.96). The company had revenue of $3.59 billion during the quarter, compared to analysts' expectations of $2.01 billion. AECOM had a return on equity of 19.72% and a net margin of 1.87%. The firm's quarterly revenue was down 14.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.34 EPS. AECOM has set its FY 2026 guidance at 3.950-4.150 EPS. As a group, equities research analysts expect that AECOM will post 3.98 EPS for the current year.

Institutional Investors Weigh In On AECOM

A number of hedge funds have recently modified their holdings of ACM. BlackRock Inc. bought a new position in shares of AECOM during the second quarter worth about $1,003,699,000. Primecap Management Co. CA acquired a new stake in AECOM in the 2nd quarter valued at approximately $613,336,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in AECOM in the 2nd quarter valued at approximately $383,701,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in AECOM by 2.4% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,565,323 shares of the construction company's stock valued at $248,860,000 after buying an additional 83,360 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in AECOM by 6.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,387,535 shares of the construction company's stock valued at $117,680,000 after acquiring an additional 82,903 shares in the last quarter. Institutional investors and hedge funds own 85.41% of the company's stock.

About AECOM

AECOM NYSE: ACM is a global infrastructure consulting firm that provides professional services across the project lifecycle. Its activities include planning, design, engineering, architecture, program and construction management, environmental services, and operations support.

The company serves public- and private-sector clients in areas such as transportation, water, buildings, energy, environmental remediation, and government infrastructure. Its work includes roads and transit systems, airports, water and wastewater facilities, commercial and civic buildings, and large-scale urban development programs.

AECOM operates internationally, serving clients across North America, Europe, the Middle East, Asia-Pacific, and other global markets.

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