KeyCorp Forecasts Strong Price Appreciation for AECOM (NYSE:ACM) Stock

AECOM (NYSE:ACM) had its price target lifted by equities researchers at KeyCorp from $120.00 to $129.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the construction company’s stock. KeyCorp’s price objective indicates a potential upside of 13.14% from the stock’s previous close.

A number of other brokerages have also issued reports on ACM. Robert W. Baird lifted their target price on AECOM from $108.00 to $118.00 and gave the company an “outperform” rating in a research report on Tuesday, May 6th. Royal Bank Of Canada boosted their price target on AECOM from $123.00 to $126.00 and gave the stock an “outperform” rating in a report on Wednesday, May 7th. Citigroup upped their target price on AECOM from $116.00 to $122.00 and gave the stock a “buy” rating in a report on Wednesday, May 7th. Finally, Truist Financial cut their target price on AECOM from $129.00 to $121.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $123.71.

AECOM Price Performance

Shares of AECOM stock opened at $114.02 on Wednesday. The company’s 50-day moving average price is $111.15 and its two-hundred day moving average price is $103.71. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 1.00. The stock has a market cap of $15.08 billion, a PE ratio of 24.84, a price-to-earnings-growth ratio of 1.83 and a beta of 0.96. AECOM has a 52 week low of $84.75 and a 52 week high of $118.56.

AECOM (NYSE:ACM) last announced its earnings results on Monday, May 5th. The construction company reported $1.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.15 by $0.10. The firm had revenue of $3.77 billion during the quarter, compared to analysts’ expectations of $4.18 billion. AECOM had a return on equity of 27.67% and a net margin of 3.85%. The company’s revenue was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.04 earnings per share. As a group, sell-side analysts anticipate that AECOM will post 5.1 EPS for the current fiscal year.

Hedge Funds Weigh In On AECOM

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cordatus Wealth Management LLC increased its stake in AECOM by 3.7% in the 1st quarter. Cordatus Wealth Management LLC now owns 2,867 shares of the construction company’s stock worth $266,000 after buying an additional 101 shares in the last quarter. Brown Brothers Harriman & Co. raised its stake in shares of AECOM by 17.5% during the fourth 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 in the last quarter. Pallas Capital Advisors LLC raised its stake in shares of AECOM by 2.1% during the second quarter. Pallas Capital Advisors LLC now owns 5,214 shares of the construction company’s stock valued at $588,000 after acquiring an additional 107 shares in the last quarter. Private Trust Co. NA increased its holdings in AECOM by 37.2% during the first quarter. Private Trust Co. NA now owns 413 shares of the construction company’s stock valued at $38,000 after buying an additional 112 shares during the period. Finally, Signaturefd LLC increased its holdings in AECOM by 21.1% during the second quarter. Signaturefd LLC now owns 707 shares of the construction company’s stock valued at $80,000 after buying an additional 123 shares during the period. 85.41% of the stock is owned by institutional investors.

AECOM Company Profile

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.