AECOM (NYSE:ACM - Get Free Report) had its price objective increased by equities research analysts at Robert W. Baird from $104.00 to $110.00 in a report released on Tuesday, Benzinga reports. The brokerage currently has an "outperform" rating on the construction company's stock. Robert W. Baird's price objective would suggest a potential upside of 18.05% from the stock's current price.
A number of other brokerages have also recently issued reports on ACM. KeyCorp lifted their price objective on shares of AECOM from $104.00 to $105.00 and gave the company an "overweight" rating in a research note on Friday, April 19th. Barclays lifted their price objective on shares of AECOM from $90.00 to $100.00 and gave the company an "overweight" rating in a research note on Tuesday, February 13th. TheStreet raised shares of AECOM from a "c+" rating to a "b" rating in a research note on Monday, February 5th. Royal Bank of Canada reissued an "outperform" rating and issued a $109.00 price objective on shares of AECOM in a research note on Wednesday, February 7th. Finally, Truist Financial began coverage on shares of AECOM in a research note on Thursday, March 14th. They issued a "buy" rating and a $106.00 price objective on the stock. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, AECOM currently has a consensus rating of "Buy" and an average target price of $106.43.
Read Our Latest Research Report on ACM
AECOM Price Performance
Shares of NYSE ACM traded down $3.11 during midday trading on Tuesday, reaching $93.18. The company's stock had a trading volume of 1,900,387 shares, compared to its average volume of 738,387. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.05 and a current ratio of 1.05. AECOM has a fifty-two week low of $74.40 and a fifty-two week high of $98.72. The business's 50 day moving average price is $93.90 and its two-hundred day moving average price is $89.77. The company has a market cap of $12.67 billion, a P/E ratio of 207.07, a P/E/G ratio of 1.41 and a beta of 1.23.
AECOM (NYSE:ACM - Get Free Report) last released its quarterly earnings results on Monday, May 6th. The construction company reported $1.04 earnings per share for the quarter, missing analysts' consensus estimates of $1.05 by ($0.01). AECOM had a net margin of 0.42% and a return on equity of 21.45%. The business had revenue of $3.94 billion during the quarter, compared to analyst estimates of $1.80 billion. During the same quarter in the previous year, the firm posted $0.92 earnings per share. The firm's quarterly revenue was up 13.0% on a year-over-year basis. On average, analysts forecast that AECOM will post 4.43 EPS for the current fiscal year.
Institutional Trading of AECOM
Several institutional investors have recently modified their holdings of the business. Fifth Third Bancorp grew its stake in shares of AECOM by 9.7% in the third quarter. Fifth Third Bancorp now owns 1,683 shares of the construction company's stock worth $140,000 after purchasing an additional 149 shares during the last quarter. CIBC Asset Management Inc grew its stake in shares of AECOM by 4.0% in the third quarter. CIBC Asset Management Inc now owns 3,897 shares of the construction company's stock worth $324,000 after purchasing an additional 151 shares during the last quarter. Quent Capital LLC lifted its holdings in AECOM by 9.9% in the first quarter. Quent Capital LLC now owns 1,865 shares of the construction company's stock valued at $183,000 after buying an additional 168 shares during the period. Pinnacle Associates Ltd. lifted its holdings in AECOM by 4.1% in the fourth quarter. Pinnacle Associates Ltd. now owns 4,522 shares of the construction company's stock valued at $418,000 after buying an additional 177 shares during the period. Finally, Arizona State Retirement System lifted its holdings in AECOM by 0.5% in the fourth quarter. Arizona State Retirement System now owns 36,221 shares of the construction company's stock valued at $3,348,000 after buying an additional 196 shares during the period. Institutional investors own 85.41% of the company's stock.
AECOM Company Profile
(
Get Free Report)
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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