AECOM (NYSE:ACM) Stock Price Expected to Rise, Barclays Analyst Says

AECOM (NYSE:ACM) had its price target upped by research analysts at Barclays from $105.00 to $120.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the construction company’s stock. Barclays‘s price objective would indicate a potential upside of 14.21% from the stock’s current price.

ACM has been the topic of several other reports. The Goldman Sachs Group started coverage on AECOM in a research report on Friday, November 22nd. They set a “buy” rating and a $130.00 price target on the stock. KeyCorp lowered their target price on AECOM from $122.00 to $121.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. Citigroup reduced their price objective on shares of AECOM from $128.00 to $127.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. Truist Financial upped their price target on AECOM from $119.00 to $129.00 and gave the company a “buy” rating in a report on Friday, November 22nd. Finally, Robert W. Baird cut their target price on AECOM from $125.00 to $117.00 and set an “outperform” rating on the stock in a research report on Tuesday. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $120.38.

AECOM Stock Up 0.9 %

Shares of ACM opened at $105.07 on Thursday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.13 and a current ratio of 1.13. AECOM has a 1 year low of $82.23 and a 1 year high of $118.56. The stock has a market capitalization of $13.94 billion, a PE ratio of 35.50, a P/E/G ratio of 1.80 and a beta of 1.19. The company’s 50-day simple moving average is $109.11 and its 200-day simple moving average is $104.20.

AECOM (NYSE:ACM) last announced its earnings results on Monday, February 3rd. The construction company reported $1.31 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.21. AECOM had a net margin of 2.50% and a return on equity of 25.46%. Analysts forecast that AECOM will post 5.08 earnings per share for the current fiscal year.

AECOM announced that its Board of Directors has approved a stock buyback plan on Monday, November 18th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the construction company to buy up to 6.8% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Institutional Investors Weigh In On AECOM

A number of large investors have recently bought and sold shares of ACM. Geode Capital Management LLC increased its stake in AECOM by 0.6% during the third quarter. Geode Capital Management LLC now owns 2,270,408 shares of the construction company’s stock valued at $233,918,000 after acquiring an additional 14,511 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of AECOM by 17.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,989,238 shares of the construction company’s stock worth $205,429,000 after purchasing an additional 289,513 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in AECOM by 40.1% in the third quarter. JPMorgan Chase & Co. now owns 768,266 shares of the construction company’s stock worth $79,339,000 after purchasing an additional 220,035 shares during the period. Citigroup Inc. grew its position in shares of AECOM by 5.7% in the 3rd quarter. Citigroup Inc. now owns 585,174 shares of the construction company’s stock valued at $60,431,000 after purchasing an additional 31,299 shares during the period. Finally, International Assets Investment Management LLC acquired a new stake in shares of AECOM in the 3rd quarter valued at about $42,201,000. 85.41% of the stock is currently owned by institutional investors.

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.