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

Key Points

• KeyCorp raised its price target on AECOM stock from $129.00 to $131.00, suggesting an upside potential of 11.11% from the previous close, reflecting their "overweight" rating on the stock.
• Analysts show strong confidence in AECOM, with nine having a "buy" rating and a consensus target price of $125.88, following multiple price target increases from other firms like Robert W. Baird and Citigroup.
• AECOM reported $1.34 earnings per share for the latest quarter, exceeding estimates, alongside a revenue of $1.94 billion, marking a 6.2% increase year-over-year.

AECOM (NYSE:ACM - Get Free Report) had its price objective upped by KeyCorp from $129.00 to $131.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has an "overweight" rating on the construction company's stock. KeyCorp's price objective would suggest a potential upside of 11.11% from the company's previous close.

Several other equities analysts also recently commented on the stock. Robert W. Baird upped their price target on shares of AECOM from $108.00 to $118.00 and gave the company an "outperform" rating in a report on Tuesday, May 6th. Citigroup reiterated a "buy" rating and set a $137.00 price target (up from $122.00) on shares of AECOM in a report on Monday, July 28th. Truist Financial cut their price target on shares of AECOM from $129.00 to $121.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Bank of America upped their price target on shares of AECOM from $112.50 to $124.00 and gave the company a "buy" rating in a report on Tuesday. Finally, Royal Bank Of Canada upped their target price on shares of AECOM from $123.00 to $126.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $125.88.

AECOM Stock Down 0.9%

Shares of ACM stock opened at $117.91 on Wednesday. The stock has a market cap of $15.60 billion, a P/E ratio of 25.70, a PEG ratio of 1.81 and a beta of 0.99. AECOM has a 52 week low of $85.00 and a 52 week high of $121.73. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 1.00. The company's fifty day simple moving average is $112.63 and its two-hundred day simple moving average is $104.20.

AECOM (NYSE:ACM - Get Free Report) last posted its earnings results on Monday, August 4th. The construction company reported $1.34 earnings per share for the quarter, topping analysts' consensus estimates of $1.25 by $0.09. AECOM had a net margin of 3.82% and a return on equity of 28.70%. The firm had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $4.33 billion. During the same period in the previous year, the firm posted $1.16 EPS. The business's quarterly revenue was up 6.2% on a year-over-year basis. Analysts predict that AECOM will post 5.1 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. TCTC Holdings LLC raised its holdings in shares of AECOM by 120.3% during the first quarter. TCTC Holdings LLC now owns 304 shares of the construction company's stock worth $28,000 after purchasing an additional 166 shares during the last quarter. MAI Capital Management purchased a new position in shares of AECOM during the first quarter worth $28,000. Caitong International Asset Management Co. Ltd raised its holdings in shares of AECOM by 212.9% during the first quarter. Caitong International Asset Management Co. Ltd now owns 316 shares of the construction company's stock worth $29,000 after purchasing an additional 215 shares during the last quarter. SVB Wealth LLC purchased a new position in shares of AECOM during the first quarter worth $33,000. Finally, Marshall & Sterling Wealth Advisors Inc. acquired a new stake in AECOM during the fourth quarter valued at $35,000. Hedge funds and other institutional investors own 85.41% of the company's stock.

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.

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