AECOM (NYSE:ACM) Price Target Lowered to $121.00 at Truist Financial
Truist Financial has lowered its price target for AECOM (NYSE:ACM) from $129.00 to $121.00 while maintaining a "buy" rating. This target suggests a potential upside of 35.66% from the current price. Other analysts have also adjusted their targets, with Citigroup lowering theirs to $127.00 and KeyCorp to $121.00. AECOM's stock is currently trading at $89.20, with an average price target of $119.38 from nine analysts. The company reported an EPS of $1.31, exceeding estimates, and has a market cap of $11.83 billion.
AECOM (NYSE:ACM - Get Free Report) had its price objective dropped by research analysts at Truist Financial from $129.00 to $121.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has a "buy" rating on the construction company's stock. Truist Financial's target price indicates a potential upside of 35.66% from the company's current price.
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Other analysts also recently issued research reports about the company. Citigroup lowered their target price on AECOM from $128.00 to $127.00 and set a "buy" rating on the stock in a research note on Wednesday, January 29th. KeyCorp lowered their price target on shares of AECOM from $122.00 to $121.00 and set an "overweight" rating on the stock in a research report on Wednesday, January 8th. Robert W. Baird dropped their price objective on shares of AECOM from $125.00 to $117.00 and set an "outperform" rating for the company in a report on Tuesday, February 4th. Finally, Barclays upped their price objective on shares of AECOM from $105.00 to $120.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $119.38.
View Our Latest Stock Report on AECOM
AECOM Stock Performance
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Shares of NYSE:ACM traded up $1.86 during mid-day trading on Tuesday, reaching $89.20. 204,194 shares of the company traded hands, compared to its average volume of 875,757. The firm has a market cap of $11.83 billion, a PE ratio of 25.34, a PEG ratio of 1.63 and a beta of 1.03. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.14 and a quick ratio of 1.14. The company's 50 day moving average price is $98.28 and its 200-day moving average price is $104.92. AECOM has a 52 week low of $82.23 and a 52 week high of $118.56.
AECOM (NYSE:ACM - Get Free Report) last released its earnings results on Monday, February 3rd. The construction company reported $1.31 EPS for the quarter, beating 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, equities analysts expect that AECOM will post 5.1 EPS for the current fiscal year.
Institutional Trading of AECOM
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A number of hedge funds and other institutional investors have recently modified their holdings of ACM. Rothschild Investment LLC lifted its position in shares of AECOM by 56.3% in the 1st quarter. Rothschild Investment LLC now owns 1,180 shares of the construction company's stock worth $109,000 after buying an additional 425 shares during the last quarter. GAMMA Investing LLC increased its position in shares of AECOM by 9,543.2% during the 1st quarter. GAMMA Investing LLC now owns 147,348 shares of the construction company's stock valued at $13,664,000 after purchasing an additional 145,820 shares during the period. MassMutual Private Wealth & Trust FSB boosted its position in shares of AECOM by 148.7% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 592 shares of the construction company's stock valued at $55,000 after purchasing an additional 354 shares in the last quarter. Wellington Management Group LLP increased its holdings in shares of AECOM by 5.0% in the fourth quarter. Wellington Management Group LLP now owns 12,602 shares of the construction company's stock valued at $1,346,000 after buying an additional 603 shares in the last quarter. Finally, 111 Capital acquired a new position in shares of AECOM in the 4th quarter valued at $330,000. 85.41% of the stock is owned by hedge funds and other institutional investors.
About AECOM
(Get Free Report)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.
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