AECOM (NYSE:ACM) PT Raised to $91.00 at Royal Bank of Canada

AECOM (NYSE:ACMGet Rating) had its target price upped by research analysts at Royal Bank of Canada from $87.00 to $91.00 in a research note issued to investors on Tuesday, The Fly reports. The firm presently has an “outperform” rating on the construction company’s stock. Royal Bank of Canada’s target price would indicate a potential upside of 14.73% from the stock’s previous close.

Other analysts have also issued research reports about the stock. Robert W. Baird boosted their price target on shares of AECOM from $83.00 to $90.00 and gave the company an “outperform” rating in a research report on Tuesday. Citigroup upped their target price on shares of AECOM from $84.00 to $92.00 and gave the stock a “buy” rating in a report on Tuesday. StockNews.com initiated coverage on shares of AECOM in a report on Wednesday, October 12th. They set a “buy” rating on the stock. Finally, Credit Suisse Group upped their target price on shares of AECOM from $81.00 to $95.00 and gave the stock a “neutral” rating in a report on Tuesday. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, AECOM presently has an average rating of “Moderate Buy” and a consensus price target of $92.14.

AECOM Stock Down 0.6 %

AECOM stock opened at $79.32 on Tuesday. AECOM has a fifty-two week low of $60.74 and a fifty-two week high of $81.07. The stock has a market cap of $11.08 billion, a PE ratio of 36.22, a price-to-earnings-growth ratio of 1.53 and a beta of 1.34. The firm’s 50-day simple moving average is $72.80 and its 200 day simple moving average is $70.49. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.06 and a current ratio of 1.06.

AECOM (NYSE:ACMGet Rating) last posted its quarterly earnings results on Monday, November 14th. The construction company reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.83 by ($0.01). AECOM had a net margin of 2.30% and a return on equity of 18.25%. The business had revenue of $3.43 billion during the quarter, compared to the consensus estimate of $3.56 billion. During the same period last year, the firm earned $0.81 EPS. The business’s revenue for the quarter was up 2.2% on a year-over-year basis. Research analysts predict that AECOM will post 3.65 EPS for the current fiscal year.

Institutional Investors Weigh In On AECOM

A number of institutional investors have recently made changes to their positions in the business. Quadrant Capital Group LLC boosted its stake in shares of AECOM by 20.3% in the 3rd quarter. Quadrant Capital Group LLC now owns 805 shares of the construction company’s stock valued at $55,000 after purchasing an additional 136 shares in the last quarter. Fifth Third Bancorp raised its holdings in AECOM by 11.4% during the 2nd quarter. Fifth Third Bancorp now owns 1,461 shares of the construction company’s stock valued at $95,000 after buying an additional 150 shares during the last quarter. Deseret Mutual Benefit Administrators raised its holdings in AECOM by 6.3% during the 3rd quarter. Deseret Mutual Benefit Administrators now owns 2,771 shares of the construction company’s stock valued at $189,000 after buying an additional 163 shares during the last quarter. Quent Capital LLC raised its holdings in AECOM by 11.6% during the 2nd quarter. Quent Capital LLC now owns 1,578 shares of the construction company’s stock valued at $103,000 after buying an additional 164 shares during the last quarter. Finally, Northwestern Mutual Investment Management Company LLC raised its holdings in AECOM by 0.8% during the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 23,658 shares of the construction company’s stock valued at $1,543,000 after buying an additional 182 shares during the last quarter. Hedge funds and other institutional investors own 84.99% of the company’s stock.

AECOM Company Profile

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AECOM engages in the design, build, finance, and operation of infrastructure assets for governments, businesses and organizations. It operates through the following segments: Americas, International, and AECOM Capital. The Americas segment engages in planning, consulting, architectural and engineering design and construction management services to commercial and government clients in the United States, Canada and Latin America in major end markets such as transportation, water, government, facilities, environmental and energy.

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