AECOM (NYSE:ACM) Stock Price Expected to Rise, Truist Financial Analyst Says

AECOM (NYSE:ACM - Get Free Report) had its price target raised by research analysts at Truist Financial from $119.00 to $129.00 in a report released on Friday,Benzinga reports. The firm currently has a "buy" rating on the construction company's stock. Truist Financial's price objective would indicate a potential upside of 10.91% from the company's current price.

A number of other brokerages have also recently weighed in on ACM. Barclays upped their price target on shares of AECOM from $100.00 to $105.00 and gave the stock an "overweight" rating in a research report on Thursday, August 8th. Citigroup upped their target price on AECOM from $110.00 to $128.00 and gave the stock a "buy" rating in a research report on Tuesday, October 22nd. Robert W. Baird raised their target price on AECOM from $113.00 to $122.00 and gave the company an "outperform" rating in a report on Tuesday. StockNews.com upgraded AECOM from a "hold" rating to a "buy" rating in a report on Sunday, October 27th. Finally, KeyCorp increased their price objective on shares of AECOM from $115.00 to $122.00 and gave the company an "overweight" rating in a research report on Thursday, November 7th. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $119.38.

AECOM Trading Up 3.3 %

ACM stock traded up $3.75 on Friday, hitting $116.31. 1,580,385 shares of the company were exchanged, compared to its average volume of 944,682. The stock has a market capitalization of $15.41 billion, a price-to-earnings ratio of 39.29, a price-to-earnings-growth ratio of 1.91 and a beta of 1.17. The business's fifty day moving average is $106.16 and its two-hundred day moving average is $96.20. AECOM has a twelve month low of $82.23 and a twelve month high of $116.76. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.13 and a quick ratio of 1.13.

AECOM (NYSE:ACM - Get Free Report) last issued its earnings results on Monday, November 18th. The construction company reported $1.27 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.03. AECOM had a return on equity of 25.46% and a net margin of 2.50%. The business had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same period last year, the company posted $1.01 EPS. The business's quarterly revenue was up 4.9% on a year-over-year basis. As a group, research analysts forecast that AECOM will post 5.1 earnings per share for the current year.

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

Insider Activity

In other AECOM news, CFO Gaurav Kapoor sold 42,400 shares of the business's stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $115.34, for a total transaction of $4,890,416.00. Following the completion of the sale, the chief financial officer now owns 31,228 shares in the company, valued at $3,601,837.52. The trade was a 57.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.42% of the company's stock.

Institutional Investors Weigh In On AECOM

Institutional investors have recently modified their holdings of the business. EntryPoint Capital LLC bought a new stake in AECOM in the 1st quarter valued at about $25,000. Private Trust Co. NA acquired a new stake in shares of AECOM in the third quarter valued at approximately $30,000. Family Firm Inc. bought a new stake in shares of AECOM during the second quarter valued at approximately $31,000. True Wealth Design LLC boosted its position in shares of AECOM by 4,242.9% during the third quarter. True Wealth Design LLC now owns 304 shares of the construction company's stock worth $31,000 after buying an additional 297 shares during the period. Finally, UMB Bank n.a. grew its holdings in AECOM by 196.2% in 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 in the last quarter. Institutional investors 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.