Robert W. Baird Issues Pessimistic Forecast for AECOM (NYSE:ACM) Stock Price

AECOM (NYSE:ACM) had its price objective reduced by analysts at Robert W. Baird from $125.00 to $117.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has an “outperform” rating on the construction company’s stock. Robert W. Baird’s price target suggests a potential upside of 11.36% from the stock’s current price.

Several other equities analysts have also commented on ACM. StockNews.com upgraded shares of AECOM from a “hold” rating to a “buy” rating in a research report on Sunday, October 27th. The Goldman Sachs Group initiated coverage on shares of AECOM in a report on Friday, November 22nd. They issued a “buy” rating and a $130.00 price target for the company. Citigroup reduced their price objective on AECOM from $128.00 to $127.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. Truist Financial raised their price objective on AECOM from $119.00 to $129.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. Finally, KeyCorp cut their target price on AECOM from $122.00 to $121.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 8th. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $118.50.

AECOM Trading Up 0.9 %

Shares of ACM stock opened at $105.07 on Tuesday. The stock’s 50-day moving average price is $109.11 and its 200-day moving average price is $104.20. AECOM has a 12-month low of $82.23 and a 12-month high of $118.56. The stock has a market capitalization of $13.94 billion, a price-to-earnings ratio of 35.50, a price-to-earnings-growth ratio of 1.80 and a beta of 1.19. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.03.

AECOM (NYSE:ACM) last released its quarterly earnings data on Monday, February 3rd. The construction company reported $1.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.21. AECOM had a return on equity of 25.46% and a net margin of 2.50%. Equities research analysts predict that AECOM will post 5.08 EPS for the current fiscal year.

AECOM announced that its board has authorized a share repurchase program on Monday, November 18th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the construction company to buy up to 6.8% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

Institutional Trading of AECOM

A number of large investors have recently made changes to their positions in ACM. Principal Securities Inc. boosted its position in AECOM by 95.9% in the 4th quarter. Principal Securities Inc. now owns 237 shares of the construction company’s stock valued at $25,000 after buying an additional 116 shares during the period. Allworth Financial LP boosted its holdings in shares of AECOM by 390.6% in the fourth quarter. Allworth Financial LP now owns 260 shares of the construction company’s stock valued at $29,000 after purchasing an additional 207 shares during the period. Private Trust Co. NA purchased a new stake in shares of AECOM in the third quarter valued at approximately $30,000. True Wealth Design LLC increased its holdings in AECOM by 4,242.9% during the 3rd quarter. True Wealth Design LLC now owns 304 shares of the construction company’s stock worth $31,000 after purchasing an additional 297 shares during the period. Finally, National Pension Service purchased a new position in AECOM during the 4th quarter worth $32,000. 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.