Citigroup Increases AECOM (NYSE:ACM) Price Target to $152.00

AECOM (NYSE:ACM) had its target price hoisted by research analysts at Citigroup from $150.00 to $152.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the construction company’s stock. Citigroup’s price objective suggests a potential upside of 29.87% from the stock’s current price.

Other analysts also recently issued reports about the stock. National Bank Financial initiated coverage on shares of AECOM in a report on Wednesday, October 8th. They issued an “outperform” rating and a $151.00 price objective on the stock. Truist Financial raised their price objective on shares of AECOM from $128.00 to $146.00 and gave the stock a “buy” rating in a research note on Wednesday, October 8th. Wall Street Zen cut shares of AECOM from a “buy” rating to a “hold” rating in a research note on Saturday, October 11th. Barclays increased their price target on shares of AECOM from $130.00 to $145.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Finally, UBS Group cut their price objective on shares of AECOM from $153.00 to $148.00 and set a “buy” rating for the company in a report on Wednesday. Eleven equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $140.90.

AECOM Stock Down 7.9%

Shares of AECOM stock traded down $10.10 on Wednesday, reaching $117.04. The stock had a trading volume of 840,653 shares, compared to its average volume of 963,852. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.91. The stock has a market capitalization of $15.50 billion, a P/E ratio of 25.54, a P/E/G ratio of 1.96 and a beta of 1.06. The company has a 50 day moving average price of $130.92 and a 200 day moving average price of $120.10. AECOM has a 1 year low of $85.00 and a 1 year high of $135.52.

AECOM (NYSE:ACM) last issued its quarterly earnings results on Tuesday, November 18th. The construction company reported $1.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.34 by $0.02. AECOM had a return on equity of 27.87% and a net margin of 3.82%.The business had revenue of $4.18 billion for the quarter, compared to the consensus estimate of $4.31 billion. During the same period in the prior year, the firm posted $1.27 earnings per share. The business’s quarterly revenue was up 1.6% on a year-over-year basis. AECOM has set its FY 2026 guidance at 5.650-5.850 EPS. As a group, equities research analysts forecast that AECOM will post 5.1 EPS for the current year.

Hedge Funds Weigh In On AECOM

Institutional investors and hedge funds have recently bought and sold shares of the business. Orion Porfolio Solutions LLC boosted its stake in AECOM by 28,246.5% during the second quarter. Orion Porfolio Solutions LLC now owns 5,335,667 shares of the construction company’s stock worth $602,183,000 after buying an additional 5,316,844 shares during the last quarter. First Trust Advisors LP raised its stake in AECOM by 105.3% during the third quarter. First Trust Advisors LP now owns 4,216,372 shares of the construction company’s stock worth $550,110,000 after purchasing an additional 2,162,158 shares during the period. Invesco Ltd. boosted its holdings in AECOM by 79.1% in the 2nd quarter. Invesco Ltd. now owns 4,361,755 shares of the construction company’s stock valued at $492,268,000 after purchasing an additional 1,926,466 shares during the last quarter. Norges Bank acquired a new stake in shares of AECOM during the 2nd quarter worth approximately $200,879,000. Finally, Nuveen LLC acquired a new stake in shares of AECOM during the 1st quarter worth approximately $78,900,000. 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.