KeyCorp Issues Pessimistic Forecast for AECOM (NYSE:ACM) Stock Price

Key Points

• KeyCorp cut AECOM’s price target from $101 to $79 while maintaining an “overweight” rating, implying about 24% upside from the prior close. The broader analyst consensus remains “Moderate Buy,” with an average target of $109.64.
• AECOM reported a fiscal Q3 adjusted loss of $0.50 per share, far below expectations of roughly $1.46, while revenue fell 14.2% year over year to $3.59 billion. A $337 million pretax construction-project charge prompted the company to lower fiscal 2026 adjusted EPS guidance to $3.95–$4.15.
• Despite the weak quarter, AECOM reported a record $27.8 billion backlog, supported by $4.2 billion in new awards, and projected approximately $300 million in fiscal 2026 free cash flow. Senior executives have also purchased company shares recently.

AECOM (NYSE:ACM - Get Free Report) had its target price cut by KeyCorp from $101.00 to $79.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an "overweight" rating on the construction company's stock. KeyCorp's price target suggests a potential upside of 24.38% from the company's previous close. KeyCorp also issued estimates for AECOM's Q3 2026 earnings at $1.42 EPS, Q4 2026 earnings at $1.71 EPS and FY2027 earnings at $6.95 EPS.

Other analysts have also recently issued reports about the stock. Truist Financial cut their price target on shares of AECOM from $109.00 to $102.00 and set a "buy" rating on the stock in a report on Thursday, July 2nd. Citigroup reissued a "buy" rating on shares of AECOM in a report on Wednesday. Wall Street Zen downgraded shares of AECOM from a "buy" rating to a "hold" rating in a research report on Monday, July 6th. Zacks Research lowered shares of AECOM from a "hold" rating to a "strong sell" rating in a research note on Monday. Finally, Robert W. Baird reduced their price target on shares of AECOM from $87.00 to $73.00 and set a "neutral" rating on the stock in a research report on Tuesday. Nine analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, AECOM has a consensus rating of "Moderate Buy" and an average price target of $109.64.

AECOM Stock Performance

AECOM stock opened at $63.52 on Wednesday. The company has a market cap of $8.16 billion, a price-to-earnings ratio of 29.99, a price-to-earnings-growth ratio of 0.89 and a beta of 0.93. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.11 and a quick ratio of 1.11. AECOM has a 12 month low of $63.67 and a 12 month high of $135.52. The stock's 50-day moving average is $70.25 and its 200-day moving average is $81.03.

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 the consensus estimate of $1.46 by ($1.96). AECOM had a return on equity of 19.45% and a net margin of 1.87%.The business had revenue of $3.59 billion for the quarter, compared to analysts' expectations of $2.01 billion. During the same quarter in the prior year, the firm earned $1.34 earnings per share. AECOM's quarterly revenue was down 14.2% compared to the same quarter last year. AECOM has set its FY 2026 guidance at 3.950-4.150 EPS. Equities analysts anticipate that AECOM will post 5.97 earnings per share for the current year.

Insider Activity

In other AECOM news, CEO Troy Rudd acquired 4,225 shares of the stock in a transaction that occurred on Thursday, May 14th. The stock was acquired at an average price of $71.02 per share, with a total value of $300,059.50. Following the transaction, the chief executive officer directly owned 142,207 shares in the company, valued at approximately $10,099,541.14. This represents a 3.06% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Gaurav Kapoor acquired 1,420 shares of the company's stock in a transaction that occurred on Thursday, May 14th. The shares were acquired at an average price of $71.12 per share, for a total transaction of $100,990.40. Following the purchase, the chief financial officer owned 88,053 shares of the company's stock, valued at $6,262,329.36. This trade represents a 1.64% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders acquired 9,869 shares of company stock valued at $699,391. Company insiders own 0.46% of the company's stock.

Institutional Trading of AECOM

Hedge funds have recently made changes to their positions in the stock. Kingsview Wealth Management LLC acquired a new stake in shares of AECOM during the fourth quarter worth $2,057,000. Norges Bank acquired a new position in shares of AECOM in the 4th quarter valued at $205,499,000. Intech Investment Management LLC increased its stake in AECOM by 39.5% in the 4th quarter. Intech Investment Management LLC now owns 154,065 shares of the construction company's stock worth $14,687,000 after purchasing an additional 43,600 shares in the last quarter. Legal & General Group Plc raised its holdings in AECOM by 11.0% during the 4th quarter. Legal & General Group Plc now owns 463,295 shares of the construction company's stock worth $44,166,000 after buying an additional 46,006 shares during the period. Finally, Eurizon Capital SGR S.p.A. acquired a new stake in AECOM during the 4th quarter worth about $3,559,000. Institutional investors own 85.41% of the company's stock.

Key Headlines Impacting AECOM

Here are the key news stories impacting AECOM this week:

• Positive Sentiment: AECOM reported record backlog of $27.8 billion, up 13% year over year, after securing $4.2 billion in new awards. Its 1.6 book-to-burn ratio provides support for future revenue visibility. AECOM reports third quarter fiscal 2026 results
• Positive Sentiment: Management said quarterly operating cash flow was $95 million and free cash flow was $55 million, while projecting approximately $300 million of fiscal 2026 free cash flow. Several senior executives, including the CEO, president and CFO, have also purchased shares in recent months.
• Neutral Sentiment: AECOM’s earnings call and presentations are likely to keep investor focus on the timing of project-claim resolutions, cash generation and the company’s ability to convert its substantial backlog into profitable growth. AECOM Q3 2026 earnings call transcript
• Neutral Sentiment: Despite the recent weakness, some analysts’ published price targets remain well above the current quotation, with targets in the $90–$102 range. However, these targets may not yet fully reflect the latest earnings reset.
• Negative Sentiment: AECOM posted a fiscal Q3 adjusted loss of $0.50 per share, versus analyst expectations for roughly $1.46–$1.49 of earnings. Revenue was $3.59 billion, down 14.2% year over year, and the company swung to a quarterly net loss from a profit a year earlier. AECOM reports Q3 loss and lags revenue estimates
• Negative Sentiment: The quarter included a $337 million pretax charge tied to a Construction Management project. AECOM lowered fiscal 2026 adjusted EPS guidance to $3.95–$4.15, well below the current consensus estimate of approximately $5.97.
• Negative Sentiment: Robert W. Baird cut its price target from $87 to $73 and assigned a neutral rating, while Zacks Research downgraded AECOM from “hold” to “strong sell.” KeyCorp also reduced its fiscal 2027 EPS estimate slightly. Zacks Research
• Negative Sentiment: A securities-fraud investigation announcement adds a legal and reputational overhang, although such notices are allegations and do not establish wrongdoing. AECOM securities-fraud investigation announcement

AECOM Company Profile

AECOM is a multinational infrastructure consulting firm that provides a broad range of professional technical and management services. Its core offerings include architecture and engineering design, program and construction management, environmental remediation and consulting, and operations and maintenance support. The company works across the full project lifecycle from planning and design through construction and long‑term asset management.

AECOM serves public- and private-sector clients in major built-environment markets, including transportation (roads, bridges, rail, airports), water and wastewater systems, buildings and places, energy and power, and environmental services.

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