AECOM (NYSE:ACM) Price Target Increased to $128.00 by Analysts at Citigroup

AECOM (NYSE:ACM) had its target price hoisted by equities research analysts at Citigroup from $110.00 to $128.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage presently has a “buy” rating on the construction company’s stock. Citigroup’s target price indicates a potential upside of 20.04% from the stock’s current price.

Several other analysts have also recently weighed in on the company. Royal Bank of Canada raised their price target on AECOM from $112.00 to $113.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. KeyCorp boosted their price objective on shares of AECOM from $99.00 to $115.00 and gave the stock an “overweight” rating in a report on Monday, October 7th. StockNews.com lowered shares of AECOM from a “buy” rating to a “hold” rating in a report on Saturday. Barclays boosted their price target on shares of AECOM from $100.00 to $105.00 and gave the stock an “overweight” rating in a research note on Thursday, August 8th. Finally, Robert W. Baird raised their price objective on AECOM from $96.00 to $100.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $112.29.

AECOM Stock Performance

AECOM stock traded down $0.86 during mid-day trading on Tuesday, reaching $106.63. The company’s stock had a trading volume of 173,067 shares, compared to its average volume of 789,410. The firm’s fifty day moving average price is $100.47 and its two-hundred day moving average price is $93.73. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.13 and a current ratio of 1.13. AECOM has a 12-month low of $74.40 and a 12-month high of $108.26. The company has a market capitalization of $14.52 billion, a P/E ratio of -1,184.33, a PEG ratio of 1.58 and a beta of 1.17.

AECOM (NYSE:ACM) last issued its quarterly earnings data 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 business had revenue of $4.15 billion for the quarter, compared to analysts’ expectations 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 prior year, the firm posted $0.94 EPS. Sell-side analysts predict that AECOM will post 4.46 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of ACM. Ninety One UK Ltd bought a new stake in shares of AECOM in the 2nd quarter worth approximately $46,109,000. Findlay Park Partners LLP lifted its stake in AECOM by 22.6% in the first quarter. Findlay Park Partners LLP now owns 2,561,327 shares of the construction company’s stock worth $251,215,000 after acquiring an additional 472,944 shares during the period. DekaBank Deutsche Girozentrale boosted its holdings in AECOM by 451.9% in the first quarter. DekaBank Deutsche Girozentrale now owns 481,769 shares of the construction company’s stock valued at $47,617,000 after acquiring an additional 394,481 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in AECOM by 18.8% in the second quarter. Bank of New York Mellon Corp now owns 1,628,924 shares of the construction company’s stock valued at $143,573,000 after acquiring an additional 258,250 shares in the last quarter. Finally, Impax Asset Management Group plc increased its position in AECOM by 15.5% during the 2nd quarter. Impax Asset Management Group plc now owns 1,752,487 shares of the construction company’s stock valued at $154,464,000 after purchasing an additional 235,350 shares during the period. Hedge funds and other institutional investors own 85.41% 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.