AECOM (NYSE:ACM) Receives Consensus Recommendation of "Buy" from Analysts

Shares of AECOM (NYSE:ACM - Get Free Report) have received an average recommendation of "Buy" from the eight analysts that are presently covering the company, Marketbeat reports. Eight equities research analysts have rated the stock with a buy rating. The average 1-year target price among analysts that have issued a report on the stock in the last year is $120.38.

Several research firms recently issued reports on ACM. Citigroup dropped their target price on shares of AECOM from $128.00 to $127.00 and set a "buy" rating on the stock in a report on Wednesday, January 29th. 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 initiated coverage on AECOM in a research note on Friday, November 22nd. They set a "buy" rating and a $130.00 target price for the company. Barclays boosted their price target on AECOM from $105.00 to $120.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. Finally, Robert W. Baird reduced their price objective on shares of AECOM from $125.00 to $117.00 and set an "outperform" rating for the company in a research report on Tuesday, February 4th.

AECOM Trading Down 3.3 %

Shares of NYSE ACM traded down $3.35 during trading on Friday, reaching $96.71. The company had a trading volume of 596,707 shares, compared to its average volume of 1,038,954. The stock has a market cap of $12.83 billion, a P/E ratio of 27.51, a PEG ratio of 1.63 and a beta of 1.19. The company's fifty day moving average price is $105.38 and its 200-day moving average price is $105.51. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.02. AECOM has a 12 month low of $82.23 and a 12 month high of $118.56.

Remove Ads

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

AECOM announced that its Board of Directors has approved a share buyback plan on Monday, November 18th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the construction company to reacquire up to 6.8% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's management believes its stock is undervalued.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in ACM. Principal Securities Inc. increased its position in shares of AECOM by 95.9% during the fourth quarter. Principal Securities Inc. now owns 237 shares of the construction company's stock worth $25,000 after acquiring an additional 116 shares in the last quarter. Allworth Financial LP increased its holdings in AECOM by 390.6% during the 4th quarter. Allworth Financial LP now owns 260 shares of the construction company's stock worth $29,000 after purchasing an additional 207 shares in the last quarter. Private Trust Co. NA bought a new stake in AECOM during the 3rd quarter worth approximately $30,000. True Wealth Design LLC raised its stake in shares of AECOM by 4,242.9% in the third quarter. True Wealth Design LLC now owns 304 shares of the construction company's stock worth $31,000 after purchasing an additional 297 shares during the last quarter. Finally, National Pension Service bought a new position in shares of AECOM in the fourth quarter valued at approximately $32,000. 85.41% of the stock is owned by institutional investors.

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.