KeyCorp Has Lowered Expectations for AECOM (NYSE:ACM) Stock Price

AECOM (NYSE:ACM) had its price objective lowered by KeyCorp from $121.00 to $109.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the construction company’s stock. KeyCorp’s target price points to a potential upside of 15.66% from the company’s current price.

A number of other research firms also recently commented on ACM. Robert W. Baird reduced their price objective on shares of AECOM from $125.00 to $117.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 4th. Citigroup decreased their price target on AECOM from $128.00 to $127.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Barclays upped their price objective on 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 decreased their target price on AECOM from $129.00 to $121.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, AECOM currently has a consensus rating of “Buy” and an average target price of $117.88.

AECOM Stock Up 1.1 %

NYSE ACM opened at $94.24 on Wednesday. The stock has a market cap of $12.50 billion, a PE ratio of 26.77, a P/E/G ratio of 1.63 and a beta of 1.03. The business has a 50 day moving average price of $95.66 and a two-hundred day moving average price of $104.20. AECOM has a fifty-two week low of $82.23 and a fifty-two week high of $118.56. 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 (NYSE:ACM) last released its quarterly 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, sell-side analysts predict that AECOM will post 5.1 EPS for the current fiscal year.

Institutional Investors Weigh In On AECOM

A number of hedge funds have recently made changes to their positions in the business. Great Lakes Retirement Inc. raised its stake in AECOM by 12.7% during the 1st quarter. Great Lakes Retirement Inc. now owns 15,234 shares of the construction company’s stock valued at $1,413,000 after acquiring an additional 1,714 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of AECOM by 170.2% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 26,543 shares of the construction company’s stock valued at $2,461,000 after purchasing an additional 16,718 shares in the last quarter. Fifth Third Bancorp lifted its holdings in AECOM by 12.0% in the first quarter. Fifth Third Bancorp now owns 1,863 shares of the construction company’s stock worth $173,000 after purchasing an additional 199 shares during the period. Wedge Capital Management L L P NC grew its position in AECOM by 23.7% in the 1st quarter. Wedge Capital Management L L P NC now owns 48,503 shares of the construction company’s stock valued at $4,498,000 after buying an additional 9,299 shares in the last quarter. Finally, Park Avenue Securities LLC increased its stake in AECOM by 34.7% during the 1st quarter. Park Avenue Securities LLC now owns 9,752 shares of the construction company’s stock valued at $904,000 after buying an additional 2,513 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.