AECOM (NYSE:ACM) Receives Consensus Recommendation of “Buy” from Analysts

AECOM (NYSE:ACM) has been given a consensus recommendation of “Buy” by the eight brokerages that are covering the stock, MarketBeat.com reports. Eight research analysts have rated the stock with a buy rating. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $120.38.

Several brokerages recently weighed in on ACM. Truist Financial increased their price target on shares of AECOM from $119.00 to $129.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. Robert W. Baird cut their price objective on shares of AECOM from $125.00 to $117.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 4th. KeyCorp reduced their target price on shares of AECOM from $122.00 to $121.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. The Goldman Sachs Group started coverage on shares of AECOM in a report on Friday, November 22nd. They issued a “buy” rating and a $130.00 price target on the stock. Finally, Barclays lifted their price objective on AECOM from $105.00 to $120.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th.

AECOM Trading Down 1.2 %

NYSE ACM opened at $97.21 on Friday. AECOM has a 12-month low of $82.23 and a 12-month high of $118.56. The company has a fifty day simple moving average of $105.73 and a two-hundred day simple moving average of $105.38. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.02. The stock has a market cap of $12.89 billion, a P/E ratio of 27.62, a P/E/G ratio of 1.63 and a beta of 1.19.

AECOM (NYSE:ACM) last issued its earnings results 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 26.84% and a net margin of 2.93%. On average, analysts forecast that AECOM will post 5.1 earnings per share for the current year.

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

Hedge Funds Weigh In On AECOM

Institutional investors and hedge funds have recently modified their holdings of the business. Jefferies Financial Group Inc. acquired a new stake in AECOM in the 4th quarter valued at $348,000. Sunbelt Securities Inc. acquired a new stake in shares of AECOM in the fourth quarter valued at about $170,000. Vise Technologies Inc. purchased a new stake in shares of AECOM during the fourth quarter worth about $228,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of AECOM by 34.7% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,680,258 shares of the construction company’s stock worth $286,305,000 after purchasing an additional 691,020 shares during the last quarter. Finally, Virtus Fund Advisers LLC purchased a new position in AECOM in the 4th quarter valued at about $147,000. Hedge funds and other 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.