National Bank Financial Begins Coverage on AECOM (NYSE:ACM)

Equities research analysts at National Bank Financial initiated coverage on shares of AECOM (NYSE:ACM) in a note issued to investors on Wednesday, MarketBeat.com reports. The brokerage set an “outperform” rating and a $151.00 price target on the construction company’s stock. National Bank Financial’s price target suggests a potential upside of 15.04% from the company’s current price.

A number of other research firms also recently weighed in on ACM. UBS Group boosted their target price on AECOM from $126.00 to $139.00 and gave the stock a “buy” rating in a research report on Wednesday, August 6th. Citigroup restated a “buy” rating and issued a $137.00 target price (up previously from $122.00) on shares of AECOM in a research report on Monday, July 28th. Barclays boosted their target price on AECOM from $120.00 to $130.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 12th. KeyCorp boosted their price objective on AECOM from $129.00 to $131.00 and gave the company an “overweight” rating in a research report on Wednesday, August 6th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of AECOM in a research report on Saturday, September 27th. Eleven investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $133.20.

AECOM Stock Performance

NYSE:ACM opened at $131.26 on Wednesday. The business has a 50 day moving average of $125.18 and a 200 day moving average of $112.29. The company has a market capitalization of $17.38 billion, a price-to-earnings ratio of 28.60, a PEG ratio of 1.79 and a beta of 1.03. AECOM has a 1-year low of $85.00 and a 1-year high of $133.81. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.17 and a quick ratio of 1.17.

AECOM (NYSE:ACM) last released its earnings results on Monday, August 4th. The construction company reported $1.34 earnings per share for the quarter, topping analysts’ consensus estimates of $1.25 by $0.09. The company had revenue of $1.94 billion during the quarter, compared to the consensus estimate 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 quarter in the previous year, the company posted $1.16 EPS. AECOM has set its FY 2025 guidance at 5.200-5.300 EPS. On average, sell-side analysts predict that AECOM will post 5.1 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Troy Rudd sold 53,097 shares of the company’s stock in a transaction on Friday, August 15th. The stock was sold at an average price of $119.56, for a total value of $6,348,277.32. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.41% of the stock is currently owned by insiders.

Institutional Investors Weigh In On AECOM

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ACM. UMB Bank n.a. grew its stake in AECOM by 126.7% in the first quarter. UMB Bank n.a. now owns 1,605 shares of the construction company’s stock worth $149,000 after purchasing an additional 897 shares during the period. Park Avenue Securities LLC grew its stake in AECOM by 34.7% in the first quarter. Park Avenue Securities LLC now owns 9,752 shares of the construction company’s stock worth $904,000 after purchasing an additional 2,513 shares during the period. Fifth Third Bancorp grew its stake 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. Wealth Enhancement Advisory Services LLC grew its stake in AECOM by 170.2% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 26,543 shares of the construction company’s stock worth $2,461,000 after purchasing an additional 16,718 shares during the period. Finally, Great Lakes Retirement Inc. grew its stake in AECOM by 12.7% in the first quarter. Great Lakes Retirement Inc. now owns 15,234 shares of the construction company’s stock worth $1,413,000 after purchasing an additional 1,714 shares during the period. 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.