Citigroup Increases AECOM (NYSE:ACM) Price Target to $128.00

AECOM (NYSE:ACM) had its target price lifted by equities researchers at Citigroup from $110.00 to $128.00 in a research note issued on Tuesday, Benzinga reports. The firm currently has a “buy” rating on the construction company’s stock. Citigroup’s target price would indicate a potential upside of 21.48% from the stock’s previous close.

ACM has been the subject of a number of other reports. StockNews.com lowered shares of AECOM from a “buy” rating to a “hold” rating in a research note on Saturday, October 19th. KeyCorp increased their price target on AECOM from $99.00 to $115.00 and gave the company an “overweight” rating in a research note on Monday, October 7th. Truist Financial boosted their price objective on AECOM from $108.00 to $119.00 and gave the stock a “buy” rating in a research note on Friday, October 4th. Royal Bank of Canada raised their target price on AECOM from $112.00 to $113.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Finally, Robert W. Baird boosted their price target on shares of AECOM from $96.00 to $100.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, AECOM presently has an average rating of “Moderate Buy” and a consensus price target of $112.29.

AECOM Stock Performance

Shares of NYSE ACM opened at $105.37 on Tuesday. AECOM has a 12-month low of $74.40 and a 12-month high of $108.26. The company has a market cap of $14.34 billion, a PE ratio of -1,170.78, a P/E/G ratio of 1.58 and a beta of 1.17. The stock has a 50 day simple moving average of $100.89 and a 200-day simple moving average of $93.88. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.98.

AECOM (NYSE:ACM) last announced its quarterly earnings results on Monday, August 5th. The construction company reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.04. The company had revenue of $4.15 billion during the quarter, compared to analyst estimates of $1.85 billion. AECOM had a return on equity of 24.14% and a net margin of 1.61%. The firm’s quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.94 EPS. On average, equities research analysts forecast that AECOM will post 4.46 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in ACM. Mirae Asset Global Investments Co. Ltd. acquired a new position in AECOM in the 3rd quarter worth approximately $59,000. Ballentine Partners LLC lifted its holdings in shares of AECOM by 4.1% in the third quarter. Ballentine Partners LLC now owns 3,992 shares of the construction company’s stock valued at $412,000 after purchasing an additional 158 shares in the last quarter. IFM Investors Pty Ltd boosted its position in shares of AECOM by 46.0% in the third quarter. IFM Investors Pty Ltd now owns 27,644 shares of the construction company’s stock worth $2,855,000 after buying an additional 8,705 shares during the period. Great Lakes Retirement Inc. grew its holdings in shares of AECOM by 9.9% during the third quarter. Great Lakes Retirement Inc. now owns 13,078 shares of the construction company’s stock valued at $1,351,000 after buying an additional 1,182 shares in the last quarter. Finally, International Assets Investment Management LLC acquired a new position in AECOM during the third quarter valued at $42,201,000. 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.