Wall Street Zen Upgrades AECOM (NYSE:ACM) to “Buy”

AECOM (NYSE:ACM) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Friday.

Other analysts have also issued research reports about the stock. KeyCorp boosted their price target on shares of AECOM from $129.00 to $131.00 and gave the company an “overweight” rating in a research note on Wednesday, August 6th. Citigroup restated a “buy” rating and set a $137.00 price target (up previously from $122.00) on shares of AECOM in a research note on Monday, July 28th. UBS Group boosted their price target on shares of AECOM from $126.00 to $139.00 and gave the company a “buy” rating in a research note on Wednesday, August 6th. Barclays upped their target price on shares of AECOM from $120.00 to $130.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 12th. Finally, Bank of America upped their target price on shares of AECOM from $112.50 to $124.00 and gave the stock a “buy” rating in a research note on Tuesday, August 5th. Nine investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, AECOM currently has a consensus rating of “Buy” and an average price target of $128.44.

AECOM Stock Performance

Shares of ACM stock opened at $129.25 on Friday. The firm has a market capitalization of $17.12 billion, a PE ratio of 28.16, a price-to-earnings-growth ratio of 1.92 and a beta of 0.99. The firm has a fifty day simple moving average of $122.10 and a two-hundred day simple moving average of $110.21. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.91. AECOM has a 12 month low of $85.00 and a 12 month high of $133.81.

AECOM (NYSE:ACM) last announced its quarterly earnings results on Monday, August 4th. The construction company reported $1.34 EPS for the quarter, beating analysts’ consensus estimates of $1.25 by $0.09. The business had revenue of $1.94 billion during the quarter, compared to analyst estimates of $4.33 billion. AECOM had a net margin of 3.82% and a return on equity of 27.87%. AECOM’s quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.16 EPS. AECOM has set its FY 2025 guidance at 5.200-5.300 EPS. Analysts forecast that AECOM will post 5.1 EPS for the current fiscal year.

Insider Buying and Selling at AECOM

In related news, CEO Troy Rudd sold 53,097 shares of the business’s stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $119.56, for a total value of $6,348,277.32. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.41% of the company’s stock.

Hedge Funds Weigh In On AECOM

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Orion Porfolio Solutions LLC boosted its holdings in shares of AECOM by 28,246.5% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 5,335,667 shares of the construction company’s stock worth $602,183,000 after buying an additional 5,316,844 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of AECOM by 79.1% in the 2nd quarter. Invesco Ltd. now owns 4,361,755 shares of the construction company’s stock worth $492,268,000 after buying an additional 1,926,466 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of AECOM by 33.2% in the 1st quarter. Northern Trust Corp now owns 2,218,412 shares of the construction company’s stock worth $205,713,000 after buying an additional 553,519 shares during the last quarter. Amundi boosted its holdings in shares of AECOM by 9.7% in the 2nd quarter. Amundi now owns 1,846,136 shares of the construction company’s stock worth $208,355,000 after buying an additional 162,870 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of AECOM in the 2nd quarter worth about $200,879,000. 85.41% of the stock is owned by hedge funds and other institutional investors.

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.