AECOM (NYSE:ACM) Price Target Cut to $107.00

AECOM (NYSE:ACM) had its price objective dropped by investment analysts at Truist Financial from $113.00 to $107.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage currently has a “buy” rating on the construction company’s stock. Truist Financial’s target price would suggest a potential upside of 23.09% from the company’s current price.

Other equities analysts also recently issued reports about the company. KeyCorp lifted their price target on AECOM from $104.00 to $105.00 and gave the stock an “overweight” rating in a research note on Friday, April 19th. Citigroup boosted their price target on AECOM from $107.00 to $116.00 and gave the company a “buy” rating in a report on Monday, April 22nd. UBS Group raised their price objective on AECOM from $105.00 to $106.00 and gave the stock a “buy” rating in a research note on Thursday, May 23rd. Finally, Robert W. Baird boosted their target price on shares of AECOM from $104.00 to $110.00 and gave the company an “outperform” rating in a research note on Tuesday, May 7th. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, AECOM currently has an average rating of “Buy” and a consensus price target of $106.50.

AECOM Trading Up 1.5 %

NYSE:ACM opened at $86.93 on Tuesday. The stock has a market cap of $11.83 billion, a price-to-earnings ratio of -965.89, a price-to-earnings-growth ratio of 1.24 and a beta of 1.17. AECOM has a one year low of $74.40 and a one year high of $98.72. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.06 and a current ratio of 1.06. The business’s 50-day simple moving average is $89.37 and its 200 day simple moving average is $90.83.

AECOM (NYSE:ACM) last announced its earnings results on Monday, May 6th. The construction company reported $1.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 negative net margin of 0.09% and a positive return on equity of 22.73%. The business’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.92 earnings per share. As a group, sell-side analysts predict that AECOM will post 4.49 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Douglas Stotlar sold 7,179 shares of AECOM stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $93.51, for a total transaction of $671,308.29. Following the sale, the director now owns 34,667 shares of the company’s stock, valued at $3,241,711.17. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.42% of the stock is owned by insiders.

Institutional Investors Weigh In On AECOM

Hedge funds and other institutional investors have recently modified their holdings of the stock. CreativeOne Wealth LLC boosted its position in AECOM by 3.4% in the first quarter. CreativeOne Wealth LLC now owns 3,423 shares of the construction company’s stock valued at $336,000 after buying an additional 114 shares in the last quarter. Quent Capital LLC boosted its holdings in shares of AECOM by 9.9% in the 1st quarter. Quent Capital LLC now owns 1,865 shares of the construction company’s stock worth $183,000 after acquiring an additional 168 shares in the last quarter. Pinnacle Associates Ltd. grew its position in AECOM by 4.1% during the 4th quarter. Pinnacle Associates Ltd. now owns 4,522 shares of the construction company’s stock worth $418,000 after acquiring an additional 177 shares during the last quarter. Arizona State Retirement System increased its holdings in AECOM by 0.5% during the 4th quarter. Arizona State Retirement System now owns 36,221 shares of the construction company’s stock valued at $3,348,000 after purchasing an additional 196 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in AECOM by 53.7% during the 1st quarter. GAMMA Investing LLC now owns 604 shares of the construction company’s stock valued at $59,000 after purchasing an additional 211 shares in the last quarter. 85.41% of the stock is currently owned by institutional investors.

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.