AECOM (NYSE:ACM) PT Raised to $110.00

AECOM (NYSE:ACM) had its price target lifted by Robert W. Baird from $104.00 to $110.00 in a research report issued on Tuesday, Benzinga reports. The brokerage currently has an “outperform” rating on the construction company’s stock. Robert W. Baird’s target price suggests a potential upside of 19.22% from the stock’s current price.

Other equities research analysts have also issued research reports about the company. Truist Financial began coverage on AECOM in a research report on Thursday, March 14th. They issued a “buy” rating and a $106.00 price target on the stock. Barclays raised their price target on shares of AECOM from $90.00 to $100.00 and gave the stock an “overweight” rating in a report 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. Citigroup lifted their target price on shares of AECOM from $107.00 to $116.00 and gave the stock a “buy” rating in a research note on Monday, April 22nd. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $109.00 price target on shares of AECOM in a research report on Wednesday, February 7th. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, AECOM presently has an average rating of “Buy” and a consensus price target of $107.43.

AECOM Stock Performance

AECOM stock opened at $92.27 on Tuesday. The business has a 50 day moving average of $93.96 and a 200-day moving average of $89.79. The company has a market capitalization of $12.55 billion, a P/E ratio of 205.05, a P/E/G ratio of 1.41 and a beta of 1.23. AECOM has a 1 year low of $74.40 and a 1 year high of $98.72. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.05 and a quick ratio of 1.05.

AECOM (NYSE:ACM) last announced its quarterly earnings results on Monday, May 6th. The construction company reported $1.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.05 by ($0.01). The business had revenue of $3.94 billion during the quarter, compared to analyst estimates of $1.80 billion. AECOM had a net margin of 0.42% and a return on equity of 21.45%. The company’s revenue was up 13.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.92 earnings per share. On average, equities research analysts predict that AECOM will post 4.43 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in shares of AECOM by 102.7% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 232,223 shares of the construction company’s stock worth $22,777,000 after purchasing an additional 117,646 shares during the period. Entropy Technologies LP bought a new stake in AECOM during the 1st quarter valued at $2,056,000. Avantax Advisory Services Inc. raised its holdings in AECOM by 9.3% during the first quarter. Avantax Advisory Services Inc. now owns 2,782 shares of the construction company’s stock worth $273,000 after buying an additional 236 shares during the last quarter. US Bancorp DE lifted its stake in shares of AECOM by 19.1% in the first quarter. US Bancorp DE now owns 6,757 shares of the construction company’s stock valued at $663,000 after buying an additional 1,082 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in shares of AECOM by 11.5% during the first quarter. Russell Investments Group Ltd. now owns 420,142 shares of the construction company’s stock valued at $41,133,000 after buying an additional 43,436 shares during the last quarter. 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.