KeyCorp Raises AECOM (NYSE:ACM) Price Target to $131.00

AECOM (NYSE:ACM) had its target price hoisted by analysts at KeyCorp from $129.00 to $131.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the construction company’s stock. KeyCorp’s target price suggests a potential upside of 10.10% from the company’s current price.

Other equities analysts have also issued reports about the stock. Truist Financial lowered their price target on shares of AECOM from $129.00 to $121.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th. Royal Bank Of Canada boosted their price target on shares of AECOM from $123.00 to $126.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 7th. Robert W. Baird increased their target price on AECOM from $108.00 to $118.00 and gave the company an “outperform” rating in a report on Tuesday, May 6th. Bank of America increased their target price on shares of AECOM from $112.50 to $124.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, Citigroup restated a “buy” rating and issued a $137.00 price objective (up previously from $122.00) on shares of AECOM in a research note on Monday, July 28th. Ten analysts have rated the stock with a buy rating, According to data from MarketBeat, AECOM has an average rating of “Buy” and an average price target of $127.33.

AECOM Stock Up 0.1%

Shares of ACM stock opened at $118.99 on Wednesday. The company has a market cap of $15.74 billion, a price-to-earnings ratio of 25.92, a price-to-earnings-growth ratio of 1.76 and a beta of 0.99. AECOM has a 1-year low of $85.00 and a 1-year high of $121.73. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.17 and a quick ratio of 1.15. The stock’s fifty day moving average price is $113.05 and its 200 day moving average price is $104.37.

AECOM (NYSE:ACM) last issued its quarterly earnings data on Monday, August 4th. The construction company reported $1.34 EPS for the quarter, beating the consensus estimate of $1.25 by $0.09. The company had revenue of $1.94 billion for the quarter, compared to analyst estimates of $4.33 billion. AECOM had a return on equity of 27.87% and a net margin of 3.82%. AECOM’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period last year, the company earned $1.16 earnings per share. On average, research analysts expect that AECOM will post 5.1 earnings per share for the current fiscal year.

Institutional Investors Weigh In On AECOM

Institutional investors have recently added to or reduced their stakes in the business. American Century Companies Inc. raised its stake in shares of AECOM by 3.4% during the 4th quarter. American Century Companies Inc. now owns 17,242 shares of the construction company’s stock worth $1,842,000 after buying an additional 571 shares in the last quarter. Wellington Management Group LLP grew its holdings in AECOM by 5.0% during the fourth quarter. Wellington Management Group LLP now owns 12,602 shares of the construction company’s stock worth $1,346,000 after acquiring an additional 603 shares during the period. Franklin Resources Inc. raised its position in AECOM by 9.4% in the fourth quarter. Franklin Resources Inc. now owns 6,742 shares of the construction company’s stock worth $720,000 after acquiring an additional 580 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in AECOM by 0.4% in the fourth quarter. Wells Fargo & Company MN now owns 125,443 shares of the construction company’s stock valued at $13,400,000 after acquiring an additional 520 shares during the period. Finally, Resona Asset Management Co. Ltd. purchased a new stake in shares of AECOM during the 4th quarter worth $4,017,000. Hedge funds and other institutional investors own 85.41% of the company’s stock.

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.