AECOM (NYSE:ACM) Price Target Lowered to $116.00 at Citigroup

AECOM (NYSE:ACM - Get Free Report) had its price target lowered by investment analysts at Citigroup from $127.00 to $116.00 in a report issued on Friday,Benzinga reports. The brokerage presently has a "buy" rating on the construction company's stock. Citigroup's target price would suggest a potential upside of 19.17% from the stock's current price.

Several other equities analysts have also weighed in on ACM. KeyCorp cut their price objective on shares of AECOM from $121.00 to $109.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Truist Financial cut their price objective on shares of AECOM from $129.00 to $121.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Robert W. Baird cut their price objective on shares of AECOM from $125.00 to $117.00 and set an "outperform" rating on the stock in a research report on Tuesday, February 4th. Finally, Barclays increased their price target on AECOM from $105.00 to $120.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $116.50.

AECOM Stock Down 0.3 %

ACM traded down $0.31 during trading on Friday, reaching $97.34. 548,703 shares of the stock traded hands, compared to its average volume of 910,002. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.14 and a quick ratio of 1.14. AECOM has a fifty-two week low of $82.23 and a fifty-two week high of $118.56. The stock's 50-day simple moving average is $94.78 and its two-hundred day simple moving average is $103.84. The stock has a market cap of $12.91 billion, a price-to-earnings ratio of 27.65, a price-to-earnings-growth ratio of 1.63 and a beta of 1.03.

AECOM (NYSE:ACM - Get Free Report) last announced its quarterly earnings results on Monday, February 3rd. The construction company reported $1.31 EPS for the quarter, beating the consensus estimate of $1.10 by $0.21. AECOM had a return on equity of 26.84% and a net margin of 2.93%. As a group, equities research analysts expect that AECOM will post 5.1 EPS for the current year.

Institutional Investors Weigh In On AECOM

Several hedge funds and other institutional investors have recently modified their holdings of ACM. Norges Bank acquired a new stake in shares of AECOM in the fourth quarter worth $190,495,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in AECOM by 34.7% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,680,258 shares of the construction company's stock worth $286,305,000 after purchasing an additional 691,020 shares during the period. Northern Trust Corp lifted its position in AECOM by 53.5% in the fourth quarter. Northern Trust Corp now owns 1,664,893 shares of the construction company's stock worth $177,844,000 after purchasing an additional 580,078 shares during the period. Alliancebernstein L.P. lifted its position in AECOM by 11.2% in the fourth quarter. Alliancebernstein L.P. now owns 3,718,371 shares of the construction company's stock worth $397,196,000 after purchasing an additional 373,991 shares during the period. Finally, Sandhill Capital Partners LLC bought a new position in AECOM in the fourth quarter worth $36,933,000. Institutional investors and hedge funds own 85.41% of the company's stock.

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.