Wall Street Zen Upgrades AECOM (NYSE:ACM) to "Buy"

Key Points

• AECOM has been upgraded to a "buy" rating by Wall Street Zen, signaling positive sentiment from analysts.
• Multiple investment firms have raised their target prices for AECOM, with Citigroup now targeting $137.00 and UBS Group targeting $139.00.
• The company reported earnings of $1.34 per share for the latest quarter, exceeding expectations but with revenue lower than anticipated at $1.94 billion.

AECOM (NYSE:ACM - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued to investors on Friday.

A number of other equities analysts also recently weighed in on the stock. Citigroup reissued a "buy" rating and set a $137.00 target price (up previously from $122.00) on shares of AECOM in a research note on Monday, July 28th. UBS Group lifted their target price on AECOM from $126.00 to $139.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. Bank of America boosted their price target on shares of AECOM from $112.50 to $124.00 and gave the stock a "buy" rating in a report on Tuesday, August 5th. KeyCorp boosted their price target on shares of AECOM from $129.00 to $131.00 and gave the stock an "overweight" rating in a report on Wednesday, August 6th. Finally, Barclays boosted their target price on shares of AECOM from $120.00 to $130.00 and gave the company an "overweight" rating in a research note on Tuesday, August 12th. Nine analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $128.44.

AECOM Stock Performance

Shares of ACM traded up $0.89 during mid-day trading on Friday, hitting $129.25. 917,973 shares of the company's stock were exchanged, compared to its average volume of 1,057,084. AECOM has a 52 week low of $85.00 and a 52 week high of $133.81. The stock's 50-day simple moving average is $122.10 and its 200-day simple moving average is $110.10. The firm has a market cap of $17.12 billion, a price-to-earnings ratio of 28.16, a price-to-earnings-growth ratio of 1.90 and a beta of 0.99. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.91.

AECOM (NYSE:ACM - Get Free Report) last announced its earnings results on Monday, August 4th. The construction company reported $1.34 EPS for the quarter, topping the consensus estimate of $1.25 by $0.09. The company had revenue of $1.94 billion for the quarter, compared to analysts' expectations of $4.33 billion. AECOM had a net margin of 3.82% and a return on equity of 27.87%. The business's revenue for the quarter was up 6.2% on a year-over-year basis. During the same period last year, the firm earned $1.16 earnings per share. AECOM has set its FY 2025 guidance at 5.200-5.300 EPS. On average, equities research analysts expect that AECOM will post 5.1 EPS for the current year.

Insider Transactions at AECOM

In other AECOM news, CEO Troy Rudd sold 53,097 shares of the stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $119.56, for a total value of $6,348,277.32. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.41% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On AECOM

Institutional investors have recently made changes to their positions in the stock. Archer Investment Corp lifted its position in shares of AECOM by 9.3% during the second quarter. Archer Investment Corp now owns 1,175 shares of the construction company's stock valued at $133,000 after buying an additional 100 shares during the last quarter. Cordatus Wealth Management LLC lifted its position in shares of AECOM by 3.7% during the first quarter. Cordatus Wealth Management LLC now owns 2,867 shares of the construction company's stock valued at $266,000 after buying an additional 101 shares during the last quarter. Pallas Capital Advisors LLC lifted its position in shares of AECOM by 2.1% during the second quarter. Pallas Capital Advisors LLC now owns 5,214 shares of the construction company's stock valued at $588,000 after buying an additional 107 shares during the last quarter. Allworth Financial LP lifted its position in shares of AECOM by 38.5% during the second quarter. Allworth Financial LP now owns 392 shares of the construction company's stock valued at $44,000 after buying an additional 109 shares during the last quarter. Finally, Private Trust Co. NA lifted its position in shares of AECOM by 37.2% during the first quarter. Private Trust Co. NA now owns 413 shares of the construction company's stock valued at $38,000 after buying an additional 112 shares during the last quarter. Institutional investors own 85.41% of the company's stock.

About AECOM

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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