AECOM (NYSE:ACM) Upgraded to Hold at Zacks Research

Key Points

• Zacks Research upgraded AECOM from “strong sell” to “hold,” while analysts overall maintain a “Moderate Buy” consensus with an average price target of $80.73.
• AECOM shares opened at $61.52 and remain near their 52-week low of $56.39, substantially below the 52-week high of $135.52. The company has a market capitalization of approximately $7.92 billion.
• AECOM reported quarterly EPS of negative $0.50, missing the $1.46 consensus estimate, while revenue fell 14.2% year over year to $3.59 billion. Institutional investors own approximately 85.41% of the stock.

AECOM (NYSE:ACM - Get Free Report) was upgraded by analysts at Zacks Research from a "strong sell" rating to a "hold" rating in a note issued to investors on Monday, Zacks reports.

Several other brokerages have also recently issued reports on ACM. Wall Street Zen cut AECOM from a "buy" rating to a "hold" rating in a research report on Monday, July 6th. Argus cut their price target on AECOM from $85.00 to $75.00 and set a "buy" rating on the stock in a report on Tuesday, August 25th. Weiss Ratings lowered AECOM from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Wednesday, August 12th. Citigroup decreased their price objective on AECOM from $84.00 to $79.00 and set a "buy" rating for the company in a research note on Friday, October 23rd. Finally, KeyCorp decreased their price objective on AECOM from $79.00 to $78.00 and set an "overweight" rating for the company in a research note on Thursday, October 15th. Eight research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, AECOM currently has an average rating of "Moderate Buy" and a consensus target price of $80.73.

AECOM Stock Performance

Shares of ACM opened at $61.52 on Monday. The company has a 50 day moving average price of $62.16 and a 200-day moving average price of $76.83. AECOM has a fifty-two week low of $56.39 and a fifty-two week high of $135.52. The stock has a market capitalization of $7.92 billion, a PE ratio of 28.22 and a beta of 0.93.

AECOM (NYSE:ACM - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $3.59 billion for the quarter, compared to analysts' expectations of $2.01 billion. The business's quarterly revenue was down 14.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.34 EPS. AECOM has set its FY 2026 guidance at 3.950-4.150 EPS. Equities research analysts forecast that AECOM will post 3.98 EPS for the current year.

Hedge Funds Weigh In On AECOM

Several hedge funds and other institutional investors have recently modified their holdings of ACM. Robeco Schweiz AG grew its position in AECOM by 28.9% during the 3rd quarter. Robeco Schweiz AG now owns 445,600 shares of the construction company's stock worth $26,268,000 after purchasing an additional 99,962 shares during the last quarter. Signaturefd LLC raised its holdings in shares of AECOM by 321.0% in the third quarter. Signaturefd LLC now owns 703 shares of the construction company's stock worth $41,000 after buying an additional 536 shares during the last quarter. Citizens Financial Group Inc. RI purchased a new position in shares of AECOM in the third quarter worth $479,000. Brookstone Capital Management raised its holdings in shares of AECOM by 3.6% in the third 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. Finally, Shayne & Jacobs LLC acquired a new stake in shares of AECOM during the third quarter worth $1,784,000. 85.41% of the stock is owned by hedge funds and other institutional investors.

AECOM Company Profile

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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