AECOM (NYSE:ACM) Given New $129.00 Price Target at Truist Financial

AECOM (NYSE:ACM) had its price target increased by research analysts at Truist Financial from $119.00 to $129.00 in a report issued on Friday,Benzinga reports. The firm currently has a “buy” rating on the construction company’s stock. Truist Financial’s target price suggests a potential upside of 11.08% from the company’s current price.

ACM has been the subject of several other reports. StockNews.com upgraded AECOM from a “hold” rating to a “buy” rating in a research report on Sunday, October 27th. Royal Bank of Canada raised their target price on AECOM from $112.00 to $113.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. KeyCorp boosted their price target on shares of AECOM from $115.00 to $122.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. The Goldman Sachs Group began coverage on shares of AECOM in a research report on Friday. They set a “buy” rating and a $130.00 price target on the stock. Finally, Robert W. Baird lifted their price objective on shares of AECOM from $113.00 to $122.00 and gave the company an “outperform” rating in a report on Tuesday. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $119.38.

AECOM Trading Up 3.2 %

NYSE ACM opened at $116.13 on Friday. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.13 and a quick ratio of 1.13. The stock has a market capitalization of $15.57 billion, a P/E ratio of 38.35, a PEG ratio of 1.64 and a beta of 1.17. The firm’s 50-day moving average is $105.79 and its two-hundred day moving average is $96.06. AECOM has a 12 month low of $82.23 and a 12 month high of $116.13.

AECOM (NYSE:ACM) last issued its quarterly earnings data on Monday, November 18th. The construction company reported $1.27 EPS for the quarter, topping the consensus estimate of $1.24 by $0.03. The firm had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.86 billion. AECOM had a net margin of 2.50% and a return on equity of 25.28%. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period in the prior year, the business posted $1.01 EPS. On average, sell-side analysts anticipate that AECOM will post 4.95 earnings per share for the current year.

AECOM declared that its board has approved a stock repurchase program on Monday, November 18th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the construction company to reacquire up to 6.8% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling at AECOM

In other AECOM news, CFO Gaurav Kapoor sold 42,400 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $115.34, for a total value of $4,890,416.00. Following the sale, the chief financial officer now directly owns 31,228 shares in the company, valued at $3,601,837.52. This trade represents a 57.59 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.42% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Mackenzie Financial Corp grew its position in shares of AECOM by 12.5% in the 2nd quarter. Mackenzie Financial Corp now owns 10,621 shares of the construction company’s stock valued at $936,000 after buying an additional 1,180 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in shares of AECOM during the first quarter worth about $1,085,000. Plato Investment Management Ltd purchased a new stake in shares of AECOM in the 1st quarter valued at about $741,000. Price T Rowe Associates Inc. MD boosted its position in shares of AECOM by 7.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 87,301 shares of the construction company’s stock valued at $8,564,000 after purchasing an additional 6,003 shares during the period. Finally, SG Americas Securities LLC grew its stake in AECOM by 24.3% during the 2nd quarter. SG Americas Securities LLC now owns 203,281 shares of the construction company’s stock worth $17,917,000 after buying an additional 39,801 shares during the last quarter. 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.