AECOM (NYSE:ACM) Given New $116.00 Price Target at Citigroup

AECOM (NYSE:ACM) had its price objective upped by equities researchers at Citigroup from $107.00 to $116.00 in a report released on Monday, Benzinga reports. The brokerage currently has a “buy” rating on the construction company’s stock. Citigroup’s price target suggests a potential upside of 23.56% from the company’s current price.

A number of other research firms have also commented on ACM. Truist Financial initiated coverage on shares of AECOM in a research report on Thursday, March 14th. They set a “buy” rating and a $106.00 price target on the stock. KeyCorp raised their price target on shares of AECOM from $104.00 to $105.00 and gave the stock an “overweight” rating in a research report on Friday, April 19th. Robert W. Baird raised their price target on shares of AECOM from $100.00 to $103.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 6th. Barclays raised their target price on shares of AECOM from $90.00 to $100.00 and gave the company an “overweight” rating in a report on Tuesday, February 13th. Finally, TheStreet raised shares of AECOM from a “c+” rating to a “b” rating in a report on Monday, February 5th. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $105.43.

AECOM Price Performance

Shares of ACM opened at $93.88 on Monday. The firm has a market capitalization of $12.77 billion, a PE ratio of 208.63, a PEG ratio of 1.39 and a beta of 1.24. The company’s 50-day moving average is $92.96 and its 200-day moving average is $88.90. AECOM has a fifty-two week low of $74.40 and a fifty-two week high of $98.72. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.05 and a quick ratio of 1.05.

AECOM (NYSE:ACM) last issued its quarterly earnings data on Tuesday, February 6th. The construction company reported $1.05 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.13. AECOM had a net margin of 0.42% and a return on equity of 21.45%. The company had revenue of $3.90 billion for the quarter. During the same period in the previous year, the company earned $0.86 earnings per share. Equities analysts forecast that AECOM will post 4.43 EPS for the current year.

Institutional Investors Weigh In On AECOM

A number of hedge funds have recently made changes to their positions in ACM. Fifth Third Bancorp boosted its position in AECOM by 9.7% during the 3rd quarter. Fifth Third Bancorp now owns 1,683 shares of the construction company’s stock worth $140,000 after buying an additional 149 shares during the period. CIBC Asset Management Inc boosted its position in AECOM by 4.0% during the 3rd quarter. CIBC Asset Management Inc now owns 3,897 shares of the construction company’s stock worth $324,000 after buying an additional 151 shares during the period. Pinnacle Associates Ltd. boosted its position in AECOM by 4.1% during the 4th quarter. Pinnacle Associates Ltd. now owns 4,522 shares of the construction company’s stock worth $418,000 after buying an additional 177 shares during the period. Arizona State Retirement System boosted its position in AECOM by 0.5% during the 4th quarter. Arizona State Retirement System now owns 36,221 shares of the construction company’s stock worth $3,348,000 after buying an additional 196 shares during the period. Finally, Flputnam Investment Management Co. boosted its position in AECOM by 0.4% during the 3rd quarter. Flputnam Investment Management Co. now owns 45,832 shares of the construction company’s stock worth $3,806,000 after buying an additional 202 shares during the period. 85.41% of the stock is currently owned by institutional investors and hedge funds.

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.