Robert W. Baird Lowers AECOM (NYSE:ACM) Price Target to $117.00

AECOM (NYSE:ACM - Get Free Report) had its target price reduced by equities researchers at Robert W. Baird from $125.00 to $117.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has an "outperform" rating on the construction company's stock. Robert W. Baird's price objective would indicate a potential upside of 9.20% from the stock's current price.

ACM has been the topic of a number of other research reports. KeyCorp dropped their price objective on AECOM from $122.00 to $121.00 and set an "overweight" rating on the stock in a research note on Wednesday, January 8th. The Goldman Sachs Group started coverage on shares of AECOM in a research report on Friday, November 22nd. They issued a "buy" rating and a $130.00 price target on the stock. 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. StockNews.com upgraded shares of AECOM from a "hold" rating to a "buy" rating in a report on Sunday, October 27th. Finally, Truist Financial raised their target price on shares of AECOM from $119.00 to $129.00 and gave the stock a "buy" rating in a report on Friday, November 22nd. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $120.38.

AECOM Price Performance

ACM stock traded down $1.13 during trading on Tuesday, hitting $107.14. The company had a trading volume of 796,067 shares, compared to its average volume of 1,012,051. The business has a 50 day moving average of $108.94 and a 200 day moving average of $104.23. The firm has a market capitalization of $14.21 billion, a price-to-earnings ratio of 36.20, a P/E/G ratio of 1.80 and a beta of 1.19. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.03. AECOM has a fifty-two week low of $82.23 and a fifty-two week high of $118.56.

AECOM (NYSE:ACM - Get Free Report) last issued its quarterly earnings results on Monday, February 3rd. The construction company reported $1.31 earnings per share for the quarter, topping analysts' consensus estimates of $1.10 by $0.21. AECOM had a net margin of 2.50% and a return on equity of 25.46%. As a group, research analysts predict that AECOM will post 5.08 earnings per share for the current year.

AECOM declared that its board has approved a share repurchase program on Monday, November 18th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the construction company to reacquire up to 6.8% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's board believes its stock is undervalued.

Institutional Trading of AECOM

Large investors have recently added to or reduced their stakes in the company. Creative Planning grew its holdings in shares of AECOM by 4.3% during the second quarter. Creative Planning now owns 20,849 shares of the construction company's stock valued at $1,838,000 after buying an additional 850 shares in the last quarter. Truist Financial Corp grew its stake in AECOM by 25.3% during the 2nd quarter. Truist Financial Corp now owns 5,076 shares of the construction company's stock valued at $447,000 after acquiring an additional 1,026 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in shares of AECOM in the 2nd quarter valued at about $426,000. Park Avenue Securities LLC acquired a new position in shares of AECOM in the 3rd quarter valued at about $270,000. Finally, GAMMA Investing LLC lifted its position in shares of AECOM by 27.1% in the third quarter. GAMMA Investing LLC now owns 1,129 shares of the construction company's stock worth $117,000 after purchasing an additional 241 shares in the last quarter. 85.41% of the stock is owned by institutional investors and hedge funds.

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.