Citigroup Issues Pessimistic Forecast for AECOM (NYSE:ACM) Stock Price

AECOM (NYSE:ACM) had its target price lowered by equities research analysts at Citigroup from $128.00 to $127.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the construction company’s stock. Citigroup’s price objective would suggest a potential upside of 20.24% from the company’s current price.

ACM has been the topic of several other research reports. Truist Financial boosted their price target on AECOM from $119.00 to $129.00 and gave the company a “buy” rating in a research report on Friday, November 22nd. The Goldman Sachs Group started coverage on AECOM in a research report on Friday, November 22nd. They issued a “buy” rating and a $130.00 price target on the stock. StockNews.com raised AECOM from a “hold” rating to a “buy” rating in a report on Sunday, October 27th. Robert W. Baird lifted their price objective on AECOM from $113.00 to $122.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. Finally, KeyCorp lowered their price objective on AECOM from $122.00 to $121.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. Nine research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $119.13.

AECOM Stock Up 1.0 %

AECOM stock opened at $105.62 on Wednesday. The stock’s fifty day moving average is $110.07 and its two-hundred day moving average is $103.68. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.13 and a quick ratio of 1.13. AECOM has a 1-year low of $82.23 and a 1-year high of $118.56. The stock has a market cap of $14.01 billion, a PE ratio of 35.68, a P/E/G ratio of 1.89 and a beta of 1.19.

AECOM (NYSE:ACM) last posted its earnings results on Monday, November 18th. The construction company reported $1.27 EPS for the quarter, topping analysts’ consensus estimates of $1.24 by $0.03. AECOM had a return on equity of 25.46% and a net margin of 2.50%. The business had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.86 billion. During the same quarter in the previous year, the firm earned $1.01 earnings per share. The business’s revenue was up 4.9% compared to the same quarter last year. On average, sell-side analysts expect that AECOM will post 5.08 EPS for the current fiscal year.

AECOM declared that its Board of Directors has authorized a stock buyback plan on Monday, November 18th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the construction company to repurchase up to 6.8% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its stock is undervalued.

Insider Buying and Selling

In related news, CFO Gaurav Kapoor sold 42,400 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $115.34, for a total value of $4,890,416.00. Following the transaction, the chief financial officer now directly owns 31,228 shares of the company’s stock, valued at approximately $3,601,837.52. This trade represents a 57.59 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.42% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in ACM. Principal Securities Inc. grew its stake in shares of AECOM by 95.9% during the fourth quarter. Principal Securities Inc. now owns 237 shares of the construction company’s stock valued at $25,000 after acquiring an additional 116 shares in the last quarter. Allworth Financial LP grew its stake in AECOM by 390.6% in the fourth quarter. Allworth Financial LP now owns 260 shares of the construction company’s stock worth $29,000 after purchasing an additional 207 shares in the last quarter. Private Trust Co. NA acquired a new position in AECOM in the third quarter worth about $30,000. True Wealth Design LLC grew its stake in AECOM by 4,242.9% in the third quarter. True Wealth Design LLC now owns 304 shares of the construction company’s stock worth $31,000 after purchasing an additional 297 shares in the last quarter. Finally, UMB Bank n.a. grew its stake in AECOM by 196.2% in the third quarter. UMB Bank n.a. now owns 388 shares of the construction company’s stock worth $40,000 after purchasing an additional 257 shares in the last quarter. 85.41% of the stock is owned by hedge funds and other institutional investors.

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.