AECOM (NYSE:ACM) Given New $135.00 Price Target at Argus

AECOM (NYSE:ACM) had its price target cut by equities research analysts at Argus from $155.00 to $135.00 in a report released on Thursday,Benzinga reports. The firm presently has a “buy” rating on the construction company’s stock. Argus’ price objective would indicate a potential upside of 20.05% from the company’s current price.

Several other brokerages also recently commented on ACM. KeyCorp boosted their target price on AECOM from $131.00 to $144.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Weiss Ratings reiterated a “buy (b)” rating on shares of AECOM in a research report on Wednesday, October 8th. Bank of America boosted their price objective on AECOM from $112.50 to $124.00 and gave the stock a “buy” rating in a research note on Tuesday, August 5th. Wall Street Zen cut AECOM from a “buy” rating to a “hold” rating in a report on Saturday, October 11th. Finally, Robert W. Baird cut their price target on AECOM from $144.00 to $143.00 and set an “outperform” rating for the company in a report on Wednesday. Twelve research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, AECOM presently has an average rating of “Buy” and an average target price of $140.36.

AECOM Trading Down 11.6%

Shares of AECOM stock opened at $112.45 on Thursday. AECOM has a 12-month low of $85.00 and a 12-month high of $135.52. The stock has a market capitalization of $14.89 billion, a P/E ratio of 24.50, a price-to-earnings-growth ratio of 1.96 and a beta of 1.06. The company has a 50-day simple moving average of $130.66 and a 200 day simple moving average of $120.05. 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) last released its quarterly earnings results on Tuesday, November 18th. The construction company reported $1.36 EPS for the quarter, beating analysts’ consensus estimates of $1.34 by $0.02. The firm had revenue of $4.18 billion for the quarter, compared to analyst estimates of $4.31 billion. AECOM had a net margin of 3.82% and a return on equity of 27.87%. The company’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.27 earnings per share. AECOM has set its FY 2026 guidance at 5.650-5.850 EPS. Research analysts expect that AECOM will post 5.1 earnings per share for the current fiscal year.

Hedge Funds Weigh In On AECOM

Institutional investors have recently modified their holdings of the stock. Westend Capital Management LLC bought a new stake in AECOM in the third quarter valued at approximately $26,000. Atlantic Union Bankshares Corp acquired a new position in shares of AECOM in the 3rd quarter valued at $26,000. TCTC Holdings LLC increased its position in shares of AECOM by 120.3% in the 1st quarter. TCTC Holdings LLC now owns 304 shares of the construction company’s stock valued at $28,000 after buying an additional 166 shares in the last quarter. MAI Capital Management acquired a new stake in AECOM during the 1st quarter worth $28,000. Finally, Caitong International Asset Management Co. Ltd raised its stake in AECOM by 212.9% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 316 shares of the construction company’s stock worth $29,000 after buying an additional 215 shares during the period. 85.41% of the stock is currently owned by institutional investors and hedge funds.

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.