Research analysts at Truist Financial began coverage on shares of AECOM (NYSE:ACM – Get Free Report) in a note issued to investors on Thursday, Marketbeat.com reports. The brokerage set a “buy” rating and a $106.00 price target on the construction company’s stock. Truist Financial’s target price would indicate a potential upside of 15.78% from the company’s previous close.
ACM has been the topic of several other research reports. Robert W. Baird lifted their price target on AECOM from $100.00 to $103.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 6th. KeyCorp initiated coverage on shares of AECOM in a research note on Wednesday, January 10th. They set an “overweight” rating and a $104.00 price target for the company. TheStreet raised shares of AECOM from a “c+” rating to a “b” rating in a research report on Monday, February 5th. Barclays upped their target price on shares of AECOM from $90.00 to $100.00 and gave the company an “overweight” rating in a report on Tuesday, February 13th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $109.00 price target on shares of AECOM in a report on Wednesday, February 7th. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $102.00.
Read Our Latest Research Report on ACM
AECOM Trading Up 0.8 %
Shares of AECOM stock opened at $91.55 on Thursday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.87. The company has a fifty day simple moving average of $89.40 and a 200-day simple moving average of $86.67. The stock has a market cap of $12.45 billion, a price-to-earnings ratio of 203.45, a PEG ratio of 1.37 and a beta of 1.23. AECOM has a 12-month low of $74.40 and a 12-month high of $94.01.
AECOM (NYSE:ACM – Get Free Report) last released its quarterly earnings data on Tuesday, February 6th. The construction company reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.13. AECOM had a net margin of 0.42% and a return on equity of 21.45%. The company had revenue of $3.90 billion during the quarter. During the same quarter in the prior year, the company earned $0.86 EPS. On average, equities analysts forecast that AECOM will post 4.4 EPS for the current fiscal year.
Institutional Investors Weigh In On AECOM
Hedge funds have recently added to or reduced their stakes in the company. Point72 Hong Kong Ltd purchased a new stake in shares of AECOM during the 1st quarter worth $25,000. Janiczek Wealth Management LLC purchased a new stake in AECOM during the third quarter worth about $28,000. Ables Iannone Moore & Associates Inc. purchased a new stake in AECOM during the fourth quarter worth about $28,000. Creekmur Asset Management LLC acquired a new position in AECOM during the fourth quarter worth about $28,000. Finally, GAMMA Investing LLC purchased a new position in AECOM in the fourth quarter valued at about $35,000. Institutional investors and hedge funds own 84.79% of the company’s stock.
About AECOM
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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Source: defenseworld.net
