AECOM (NYSE:ACM) Stock Price Expected to Rise, Barclays Analyst Says

AECOM (NYSE:ACM) had its price objective hoisted by stock analysts at Barclays from $105.00 to $120.00 in a report issued on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the construction company’s stock. Barclays‘s target price points to a potential upside of 12.00% from the stock’s current price.

Several other equities research analysts have also issued reports on ACM. The Goldman Sachs Group assumed coverage on shares of AECOM in a report on Friday, November 22nd. They issued a “buy” rating and a $130.00 target price for the company. StockNews.com raised AECOM from a “hold” rating to a “buy” rating in a research note on Sunday, October 27th. Citigroup decreased their price target on AECOM from $128.00 to $127.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Robert W. Baird cut their price objective on AECOM from $125.00 to $117.00 and set an “outperform” rating on the stock in a research report on Tuesday. Finally, KeyCorp decreased their target price on AECOM from $122.00 to $121.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th. Nine research analysts have rated the stock with a buy rating, According to MarketBeat.com, AECOM currently has a consensus rating of “Buy” and an average target price of $120.38.

AECOM Price Performance

Shares of AECOM stock opened at $107.14 on Thursday. AECOM has a 52 week low of $82.23 and a 52 week high of $118.56. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.03. The company has a market capitalization of $14.21 billion, a price-to-earnings ratio of 36.20, a PEG ratio of 1.80 and a beta of 1.19. The stock’s 50-day simple moving average is $108.94 and its 200-day simple moving average is $104.23.

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%. As a group, analysts expect that AECOM will post 5.08 earnings per share for the current fiscal year.

AECOM declared that its board has approved a stock repurchase program on Monday, November 18th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the construction company to reacquire up to 6.8% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Institutional Investors Weigh In On AECOM

Several institutional investors and hedge funds have recently made changes to their positions in ACM. Truist Financial Corp increased its holdings in AECOM by 25.3% in the 2nd quarter. Truist Financial Corp now owns 5,076 shares of the construction company’s stock worth $447,000 after buying an additional 1,026 shares during the period. Sanctuary Advisors LLC acquired a new stake in shares of AECOM in the second quarter worth $426,000. Park Avenue Securities LLC purchased a new position in shares of AECOM during the third quarter worth $270,000. GAMMA Investing LLC lifted its position in AECOM by 27.1% during the third quarter. GAMMA Investing LLC now owns 1,129 shares of the construction company’s stock valued at $117,000 after purchasing an additional 241 shares during the period. Finally, Brookstone Capital Management purchased a new stake in AECOM in the third quarter valued at $205,000. 85.41% of the stock is currently owned by institutional investors and hedge funds.

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.