AECOM (NYSE:ACM - Get Free Report) had its price objective dropped by research analysts at KeyCorp from $121.00 to $109.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has an "overweight" rating on the construction company's stock. KeyCorp's price objective points to a potential upside of 18.66% from the company's previous close.
A number of other analysts also recently issued reports on ACM. Robert W. Baird reduced their price objective on AECOM from $125.00 to $117.00 and set an "outperform" rating on the stock in a research note on Tuesday, February 4th. Citigroup cut their price objective on AECOM from $128.00 to $127.00 and set a "buy" rating on the stock in a research report on Wednesday, January 29th. Barclays lifted their price target on shares of AECOM from $105.00 to $120.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. Finally, Truist Financial lowered their price objective on shares of AECOM from $129.00 to $121.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $117.88.
Read Our Latest Stock Report on AECOM
AECOM Stock Down 2.6 %
Shares of NYSE ACM traded down $2.50 during trading on Wednesday, reaching $91.86. The company had a trading volume of 162,477 shares, compared to its average volume of 904,928. The business's 50-day moving average is $95.41 and its 200 day moving average is $104.17. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.02. The stock has a market cap of $12.18 billion, a PE ratio of 26.10, a P/E/G ratio of 1.63 and a beta of 1.03. AECOM has a 12-month low of $82.23 and a 12-month high of $118.56.
AECOM (NYSE:ACM - Get Free Report) last released its quarterly earnings data 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, equities analysts forecast that AECOM will post 5.1 earnings per share for the current fiscal year.
Institutional Investors Weigh In On AECOM
A number of large investors have recently made changes to their positions in the stock. Franklin Resources Inc. increased its holdings in shares of AECOM by 1.5% in the third quarter. Franklin Resources Inc. now owns 6,162 shares of the construction company's stock valued at $655,000 after purchasing an additional 91 shares during the period. Ranch Capital Advisors Inc. raised its position in AECOM by 2.3% during the 4th quarter. Ranch Capital Advisors Inc. now owns 4,482 shares of the construction company's stock worth $479,000 after buying an additional 99 shares during the last quarter. Brown Brothers Harriman & Co. boosted its holdings in shares of AECOM by 17.5% in the 4th quarter. Brown Brothers Harriman & Co. now owns 691 shares of the construction company's stock valued at $74,000 after acquiring an additional 103 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in AECOM by 1.4% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 7,830 shares of the construction company's stock valued at $809,000 after purchasing an additional 109 shares during the last quarter. Finally, Avitas Wealth Management LLC grew its holdings in AECOM by 0.6% during the fourth quarter. Avitas Wealth Management LLC now owns 18,939 shares of the construction company's stock worth $2,023,000 after acquiring an additional 110 shares during the period. 85.41% of the stock is owned by hedge funds and other institutional investors.
AECOM Company Profile
(
Get Free Report)
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.
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