Truist Financial Increases AECOM (NYSE:ACM) Price Target to $119.00

AECOM (NYSE:ACM) had its target price boosted by analysts at Truist Financial from $108.00 to $119.00 in a report released on Friday, Benzinga reports. The firm currently has a “buy” rating on the construction company’s stock. Truist Financial’s target price would suggest a potential upside of 14.71% from the company’s previous close.

Other analysts also recently issued reports about the company. Citigroup dropped their price objective on AECOM from $116.00 to $104.00 and set a “buy” rating for the company in a report on Monday, July 22nd. 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 report on Wednesday, August 7th. Barclays upped their target price on shares of AECOM from $100.00 to $105.00 and gave the company an “overweight” rating in a research note on Thursday, August 8th. Royal Bank of Canada lifted their price objective on AECOM from $112.00 to $113.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Finally, KeyCorp increased their target price on AECOM from $94.00 to $99.00 and gave the company an “overweight” rating in a research note on Wednesday, August 7th. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $106.57.

AECOM Stock Performance

NYSE ACM opened at $103.74 on Friday. 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 stock has a market cap of $14.12 billion, a price-to-earnings ratio of -1,152.67, a price-to-earnings-growth ratio of 1.70 and a beta of 1.17. AECOM has a fifty-two week low of $74.40 and a fifty-two week high of $104.63. The business has a fifty day moving average of $97.26 and a 200-day moving average of $93.07.

AECOM (NYSE:ACM) last released its earnings results on Monday, August 5th. The construction company reported $1.16 EPS for the quarter, topping the consensus estimate of $1.12 by $0.04. The firm had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $1.85 billion. AECOM had a net margin of 1.61% and a return on equity of 24.14%. AECOM’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.94 EPS. As a group, analysts predict that AECOM will post 4.46 earnings per share for the current fiscal year.

Hedge Funds Weigh In On AECOM

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. CreativeOne Wealth LLC lifted its position in AECOM by 3.4% in the 1st quarter. CreativeOne Wealth LLC now owns 3,423 shares of the construction company’s stock valued at $336,000 after purchasing an additional 114 shares during the last quarter. Fifth Third Bancorp increased its position in shares of AECOM by 6.7% during the 2nd quarter. Fifth Third Bancorp now owns 1,808 shares of the construction company’s stock valued at $159,000 after purchasing an additional 114 shares during the period. Assenagon Asset Management S.A. increased its position in shares of AECOM by 4.7% during the 2nd quarter. Assenagon Asset Management S.A. now owns 3,102 shares of the construction company’s stock valued at $273,000 after purchasing an additional 138 shares during the period. Nilsine Partners LLC raised its position in AECOM by 1.1% in the second quarter. Nilsine Partners LLC now owns 13,981 shares of the construction company’s stock worth $1,232,000 after acquiring an additional 152 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in AECOM by 5.3% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 3,338 shares of the construction company’s stock valued at $294,000 after purchasing an additional 167 shares during the last quarter. 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.