AECOM (NYSE:ACM) Price Target Raised to $122.00

AECOM (NYSE:ACM) had its target price boosted by stock analysts at KeyCorp from $115.00 to $122.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the construction company’s stock. KeyCorp’s price target would suggest a potential upside of 10.37% from the company’s previous close.

ACM has been the subject of several other research reports. Royal Bank of Canada boosted their price objective on AECOM from $112.00 to $113.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. StockNews.com upgraded AECOM from a “hold” rating to a “buy” rating in a research report on Sunday, October 27th. Barclays increased their target price 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. Citigroup boosted their price target on shares of AECOM from $110.00 to $128.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Finally, Robert W. Baird lifted their price target on AECOM from $96.00 to $100.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $113.29.

AECOM Price Performance

ACM traded down $3.58 during midday trading on Thursday, reaching $110.54. 620,617 shares of the company’s stock were exchanged, compared to its average volume of 782,499. AECOM has a one year low of $77.84 and a one year high of $115.74. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.98. The business has a 50-day simple moving average of $102.87 and a two-hundred day simple moving average of $94.81. The firm has a market capitalization of $14.82 billion, a price-to-earnings ratio of 59.73, a price-to-earnings-growth ratio of 1.63 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 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 analyst estimates of $1.85 billion. AECOM had a net margin of 1.61% and a return on equity of 24.14%. The firm’s quarterly revenue was up 13.3% on a year-over-year basis. During the same period last year, the business posted $0.94 earnings per share. As a group, research analysts predict that AECOM will post 4.46 EPS for the current year.

Insider Buying and Selling at AECOM

In other AECOM news, CFO Gaurav Kapoor sold 42,400 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $115.34, for a total value of $4,890,416.00. Following the completion of the transaction, the chief financial officer now directly owns 31,228 shares in the company, valued at approximately $3,601,837.52. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.42% of the stock is currently owned by insiders.

Hedge Funds Weigh In On AECOM

Large investors have recently bought and sold shares of the stock. EntryPoint Capital LLC acquired a new position in shares of AECOM during the 1st quarter worth about $25,000. Family Firm Inc. acquired a new position in AECOM during the second quarter valued at approximately $31,000. UMB Bank n.a. boosted its stake in shares of AECOM by 196.2% during the 3rd quarter. UMB Bank n.a. now owns 388 shares of the construction company’s stock worth $40,000 after buying an additional 257 shares during the last quarter. Versant Capital Management Inc raised its position in AECOM by 4,375.0% during the second quarter. Versant Capital Management Inc now owns 537 shares of the construction company’s stock worth $47,000 after acquiring an additional 525 shares in the last quarter. Finally, Kathleen S. Wright Associates Inc. acquired a new stake in shares of AECOM in the third quarter valued at approximately $50,000. Institutional investors and hedge funds 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.