Citigroup Increases AECOM (NYSE:ACM) Price Target to $116.00

AECOM (NYSE:ACM) had its price objective raised by investment analysts at Citigroup from $107.00 to $116.00 in a report released on Monday, Benzinga reports. The firm presently has a “buy” rating on the construction company’s stock. Citigroup’s price objective points to a potential upside of 23.56% from the company’s current price.

A number of other analysts have also recently weighed in on ACM. Robert W. Baird upped 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. 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 for the company. TheStreet raised shares of AECOM from a “c+” rating to a “b” rating in a research report on Monday, February 5th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $109.00 price target on shares of AECOM in a research report on Wednesday, February 7th. Finally, KeyCorp upped 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. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $105.43.

AECOM Stock Up 1.6 %

ACM stock opened at $93.88 on Monday. The stock has a market capitalization of $12.77 billion, a P/E ratio of 208.63, a PEG ratio of 1.39 and a beta of 1.24. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.05 and a current ratio of 1.05. AECOM has a one year low of $74.40 and a one year high of $98.72. The company has a 50 day moving average price of $92.96 and a two-hundred day moving average price of $88.90.

AECOM (NYSE:ACM) last released its earnings results on Tuesday, February 6th. The construction company reported $1.05 EPS for the quarter, topping the consensus estimate of $0.92 by $0.13. The firm had revenue of $3.90 billion during the quarter. AECOM had a net margin of 0.42% and a return on equity of 21.45%. During the same period in the previous year, the firm posted $0.86 earnings per share. As a group, sell-side analysts expect that AECOM will post 4.43 EPS for the current year.

Institutional Investors Weigh In On AECOM

Several institutional investors and hedge funds have recently bought and sold shares of ACM. Ables Iannone Moore & Associates Inc. bought a new position in AECOM in the 4th quarter worth about $28,000. Creekmur Asset Management LLC bought a new position in shares of AECOM in the fourth quarter valued at approximately $28,000. Rise Advisors LLC bought a new position in shares of AECOM in the first quarter valued at approximately $31,000. GAMMA Investing LLC bought a new position in shares of AECOM in the fourth quarter valued at approximately $35,000. Finally, Manchester Capital Management LLC bought a new position in shares of AECOM in the third quarter valued at approximately $38,000. Institutional investors and hedge funds 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.