AECOM (NYSE:ACM) Given New $120.00 Price Target at Barclays

AECOM (NYSE:ACM) had its target price increased by analysts at Barclays from $105.00 to $120.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the construction company’s stock. Barclays‘s price target would indicate a potential upside of 14.21% from the stock’s previous close.

Other analysts also recently issued reports about the stock. KeyCorp cut their price objective on shares of AECOM from $122.00 to $121.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 8th. The Goldman Sachs Group started coverage on AECOM in a report on Friday, November 22nd. They set a “buy” rating and a $130.00 target price on the stock. Robert W. Baird cut their price objective on AECOM from $125.00 to $117.00 and set an “outperform” rating for the company in a research report on Tuesday. Truist Financial raised their target price on shares of AECOM from $119.00 to $129.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. Finally, StockNews.com upgraded AECOM from a “hold” rating to a “buy” rating in a report on Sunday, October 27th. Nine analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $120.38.

AECOM Stock Performance

NYSE:ACM opened at $105.07 on Thursday. The firm has a market cap of $13.94 billion, a price-to-earnings ratio of 35.50, a price-to-earnings-growth ratio of 1.80 and a beta of 1.19. AECOM has a 1-year low of $82.23 and a 1-year high of $118.56. The firm’s fifty day moving average price is $109.11 and its 200 day moving average price is $104.20. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.13 and a quick ratio of 1.13.

AECOM (NYSE:ACM) last announced its earnings results on Monday, February 3rd. The construction company reported $1.31 earnings per share (EPS) for the quarter, topping 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%. On average, sell-side analysts expect that AECOM will post 5.08 EPS for the current year.

AECOM declared that its Board of Directors has approved a share buyback program on Monday, November 18th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the construction company to purchase up to 6.8% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

Institutional Trading of AECOM

Several large investors have recently modified their holdings of ACM. Truist Financial Corp raised its stake in shares of AECOM by 25.3% in the second quarter. Truist Financial Corp now owns 5,076 shares of the construction company’s stock worth $447,000 after purchasing an additional 1,026 shares during the last quarter. Sanctuary Advisors LLC bought a new position in AECOM in the second quarter worth approximately $426,000. Park Avenue Securities LLC purchased a new stake in AECOM during the third quarter worth $270,000. GAMMA Investing LLC increased its position in shares of AECOM by 27.1% during the third quarter. GAMMA Investing LLC now owns 1,129 shares of the construction company’s stock worth $117,000 after purchasing an additional 241 shares in the last quarter. Finally, Brookstone Capital Management acquired a new stake in shares of AECOM during the third quarter worth $205,000. 85.41% of the stock is owned by 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.