AECOM (NYSE:ACM) Stock Rating Upgraded by StockNews.com

Posted by on May 17th, 2023

AECOM (NYSE:ACM – Get Rating) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Wednesday.

ACM has been the topic of a number of other reports. KeyCorp lifted their price objective on AECOM from $91.00 to $100.00 and gave the company an “overweight” rating in a report on Tuesday, January 17th. Citigroup boosted their price target on shares of AECOM from $100.00 to $105.00 and gave the company a “buy” rating in a report on Wednesday, February 8th. Royal Bank of Canada boosted their price target on shares of AECOM from $94.00 to $102.00 in a report on Wednesday, February 8th. Finally, Robert W. Baird reduced their target price on shares of AECOM from $103.00 to $100.00 in a research note on Tuesday, May 9th. Seven analysts have rated the stock with a buy rating, According to data from MarketBeat.com, AECOM has a consensus rating of “Buy” and a consensus price target of $99.00.

AECOM Stock Down 1.2 %

Shares of AECOM stock opened at $78.50 on Wednesday. The firm has a market cap of $10.91 billion, a P/E ratio of 29.62, a P/E/G ratio of 2.07 and a beta of 1.29. The business has a 50-day moving average price of $82.35 and a 200 day moving average price of $83.82. AECOM has a fifty-two week low of $60.74 and a fifty-two week high of $92.16. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.80.

AECOM (NYSE:ACM – Get Rating) last released its earnings results on Tuesday, May 9th. The construction company reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.04. AECOM had a return on equity of 18.50% and a net margin of 2.54%. The firm had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.38 billion. During the same period in the prior year, the firm posted $0.83 earnings per share. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. On average, sell-side analysts forecast that AECOM will post 3.67 earnings per share for the current fiscal year.

Institutional Investors Weigh In On AECOM

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Delta Asset Management LLC TN bought a new stake in AECOM in the fourth quarter worth $25,000. Point72 Hong Kong Ltd purchased a new position in shares of AECOM in the 1st quarter valued at approximately $25,000. MCF Advisors LLC acquired a new position in AECOM in the 1st quarter worth approximately $30,000. Massmutual Trust Co. FSB ADV grew its stake in shares of AECOM by 80.9% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 360 shares of the construction company’s stock worth $30,000 after purchasing an additional 161 shares during the period. Finally, Bessemer Group Inc. lifted its position in shares of AECOM by 96.3% during the 1st quarter. Bessemer Group Inc. now owns 371 shares of the construction company’s stock valued at $32,000 after buying an additional 182 shares in the last quarter. Institutional investors own 84.26% of the company’s stock.

AECOM Company Profile

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AECOM engages in the design, manufacture, financing, and operation of infrastructure assets for governments, businesses and organizations. It operates through the following segments: Americas, International, and AECOM Capital. The Americas segment deals with planning, consulting, architectural and engineering design and construction management services to commercial and government clients in the United States, Canada and Latin America in major end markets such as transportation, water, government, facilities, environmental and energy.

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