Barclays Forecasts Strong Price Appreciation for AECOM (NYSE:ACM) Stock

AECOM (NYSE:ACM) had its price objective increased by research analysts at Barclays from $105.00 to $120.00 in a report issued on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the construction company’s stock. Barclays‘s price target would suggest a potential upside of 12.00% from the company’s current price.

A number of other equities analysts have also recently weighed in on the stock. Robert W. Baird decreased their price objective on shares of AECOM from $125.00 to $117.00 and set an “outperform” rating for the company in a research report on Tuesday. Citigroup reduced their price target on AECOM from $128.00 to $127.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. The Goldman Sachs Group started coverage on AECOM in a report on Friday, November 22nd. They set a “buy” rating and a $130.00 price objective on the stock. Truist Financial increased their target price on AECOM from $119.00 to $129.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. Finally, StockNews.com upgraded shares of AECOM from a “hold” rating to a “buy” rating in a research note on Sunday, October 27th. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $120.38.

AECOM Stock Performance

Shares of ACM stock opened at $107.14 on Thursday. The company’s fifty day simple moving average is $108.94 and its 200-day simple moving average is $104.23. The company has a market cap of $14.21 billion, a PE ratio of 36.20, a P/E/G ratio of 1.80 and a beta of 1.19. AECOM has a 52 week low of $82.23 and a 52 week high of $118.56. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.03.

AECOM (NYSE:ACM) last posted its quarterly earnings data on Monday, February 3rd. The construction company reported $1.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.21. AECOM had a net margin of 2.50% and a return on equity of 25.46%. As a group, equities research analysts anticipate that AECOM will post 5.08 EPS for the current year.

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

Hedge Funds Weigh In On AECOM

Large investors have recently bought and sold shares of the business. Truist Financial Corp grew its holdings in shares of AECOM by 25.3% during the second quarter. Truist Financial Corp now owns 5,076 shares of the construction company’s stock valued at $447,000 after purchasing an additional 1,026 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in AECOM during the 2nd quarter valued at approximately $426,000. Park Avenue Securities LLC bought a new position in AECOM during the 3rd quarter worth $270,000. GAMMA Investing LLC increased its position in AECOM by 27.1% in the third quarter. GAMMA Investing LLC now owns 1,129 shares of the construction company’s stock worth $117,000 after buying an additional 241 shares during the period. Finally, Brookstone Capital Management bought a new stake in AECOM in the third quarter valued at $205,000. Institutional investors own 85.41% of the company’s stock.

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.