Truist Financial Lowers AECOM (NYSE:ACM) Price Target to $121.00

AECOM (NYSE:ACM) had its price target lowered by research analysts at Truist Financial from $129.00 to $121.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the construction company’s stock. Truist Financial’s price objective would indicate a potential upside of 27.44% from the company’s current price.

A number of other research analysts also recently commented on ACM. Robert W. Baird lowered their target price on AECOM from $125.00 to $117.00 and set an “outperform” rating for the company in a research report on Tuesday, February 4th. Barclays upped 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. KeyCorp dropped their price objective on shares of AECOM from $122.00 to $121.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. Finally, Citigroup decreased their target price on shares of AECOM from $128.00 to $127.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. Nine equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, AECOM has a consensus rating of “Buy” and a consensus price target of $119.38.

AECOM Trading Up 8.9 %

Shares of AECOM stock opened at $94.95 on Tuesday. AECOM has a fifty-two week low of $82.23 and a fifty-two week high of $118.56. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.14 and a current ratio of 1.14. The company has a market capitalization of $12.59 billion, a P/E ratio of 26.97, a P/E/G ratio of 1.63 and a beta of 1.03. The company has a fifty day moving average of $97.14 and a 200 day moving average of $104.58.

AECOM (NYSE:ACM) last posted its quarterly earnings results on Monday, February 3rd. The construction company reported $1.31 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.21. AECOM had a return on equity of 26.84% and a net margin of 2.93%. On average, sell-side analysts anticipate that AECOM will post 5.1 earnings per share for the current fiscal year.

Institutional Trading of AECOM

Several institutional investors have recently added to or reduced their stakes in the company. Somerset Trust Co raised its holdings in shares of AECOM by 29.8% in the first quarter. Somerset Trust Co now owns 4,690 shares of the construction company’s stock worth $435,000 after buying an additional 1,076 shares during the period. Rothschild Investment LLC lifted its position in shares of AECOM by 56.3% during the first quarter. Rothschild Investment LLC now owns 1,180 shares of the construction company’s stock worth $109,000 after purchasing an additional 425 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of AECOM by 9,543.2% during the first quarter. GAMMA Investing LLC now owns 147,348 shares of the construction company’s stock valued at $13,664,000 after purchasing an additional 145,820 shares during the period. MassMutual Private Wealth & Trust FSB grew its holdings in shares of AECOM by 148.7% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 592 shares of the construction company’s stock worth $55,000 after purchasing an additional 354 shares during the last quarter. Finally, Wellington Management Group LLP increased its stake in AECOM by 5.0% in the 4th quarter. Wellington Management Group LLP now owns 12,602 shares of the construction company’s stock worth $1,346,000 after buying an additional 603 shares during the period. Institutional investors own 85.41% of the company’s stock.

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.