Robert W. Baird Boosts AECOM (NYSE:ACM) Price Target to $110.00

AECOM (NYSE:ACM) had its price target lifted by investment analysts at Robert W. Baird from $104.00 to $110.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage presently has an “outperform” rating on the construction company’s stock. Robert W. Baird’s price target would indicate a potential upside of 19.22% from the company’s current price.

Several other equities research analysts have also recently issued reports on the stock. Royal Bank of Canada restated an “outperform” rating and set a $109.00 price objective on shares of AECOM in a research report on Wednesday, February 7th. KeyCorp lifted their price target on shares of AECOM from $104.00 to $105.00 and gave the company an “overweight” rating in a research report on Friday, April 19th. TheStreet upgraded AECOM from a “c+” rating to a “b” rating in a research report on Monday, February 5th. Truist Financial assumed coverage on AECOM in a research report on Thursday, March 14th. They issued a “buy” rating and a $106.00 price objective for the company. Finally, Citigroup increased their price objective on AECOM from $107.00 to $116.00 and gave the stock a “buy” rating in a research report on Monday, April 22nd. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $107.43.

AECOM Trading Down 0.9 %

Shares of AECOM stock opened at $92.27 on Tuesday. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.05 and a quick ratio of 1.05. The stock’s 50 day simple moving average is $93.96 and its 200-day simple moving average is $89.79. The stock has a market cap of $12.55 billion, a P/E ratio of 205.05, a P/E/G ratio of 1.41 and a beta of 1.23. AECOM has a 1-year low of $74.40 and a 1-year high of $98.72.

AECOM (NYSE:ACM) last released its quarterly earnings data on Monday, May 6th. The construction company reported $1.04 earnings per share for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.01). AECOM had a return on equity of 21.45% and a net margin of 0.42%. The company had revenue of $3.94 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same period last year, the firm posted $0.92 EPS. The business’s quarterly revenue was up 13.0% on a year-over-year basis. Analysts predict that AECOM will post 4.43 EPS for the current fiscal year.

Institutional Investors Weigh In On AECOM

Hedge funds have recently added to or reduced their stakes in the business. Ables Iannone Moore & Associates Inc. acquired a new position in shares of AECOM during the fourth quarter worth about $28,000. Creekmur Asset Management LLC acquired a new position in AECOM during the 4th quarter worth approximately $28,000. Rise Advisors LLC purchased a new stake in shares of AECOM in the 1st quarter valued at approximately $31,000. GAMMA Investing LLC acquired a new stake in shares of AECOM in the 4th quarter valued at $35,000. Finally, Headlands Technologies LLC acquired a new stake in shares of AECOM in the 4th quarter valued at $40,000. 85.41% of the stock is currently owned by institutional investors and hedge funds.

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.