KeyCorp Lowers AECOM (NYSE:ACM) Price Target to $121.00

by · The Cerbat Gem

AECOM (NYSE:ACM – Get Free Report) had its price objective lowered by stock analysts at KeyCorp from $122.00 to $121.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the construction company’s stock. KeyCorp’s target price indicates a potential upside of 13.08% from the stock’s previous close.

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. Truist Financial upped their target price on shares of AECOM from $119.00 to $129.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. Robert W. Baird lifted their price target on shares of AECOM from $113.00 to $122.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. The Goldman Sachs Group initiated coverage on shares of AECOM in a research report on Friday, November 22nd. They issued a “buy” rating and a $130.00 price objective for the company. Finally, Citigroup raised their price objective on AECOM from $110.00 to $128.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat, AECOM currently has an average rating of “Buy” and an average target price of $119.25.

Read Our Latest Research Report on ACM

AECOM Trading Down 0.1 %

Shares of ACM traded down $0.14 on Wednesday, reaching $107.00. 551,376 shares of the company’s stock were exchanged, compared to its average volume of 562,355. The business has a 50 day moving average price of $110.69 and a two-hundred day moving average price of $101.36. AECOM has a 12 month low of $82.23 and a 12 month high of $118.56. The stock has a market capitalization of $14.17 billion, a P/E ratio of 36.15, a price-to-earnings-growth ratio of 1.92 and a beta of 1.19. 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 – Get Free Report) last issued its earnings results on Monday, November 18th. The construction company reported $1.27 EPS for the quarter, beating the consensus estimate of $1.24 by $0.03. AECOM had a net margin of 2.50% and a return on equity of 25.46%. The company had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.86 billion. During the same quarter in the previous year, the company posted $1.01 EPS. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. Research analysts anticipate that AECOM will post 5.1 earnings per share for the current year.

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

Insider Activity at AECOM

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

Institutional Trading of AECOM

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Franklin Resources Inc. grew its position in AECOM by 1.5% in the third quarter. Franklin Resources Inc. now owns 6,162 shares of the construction company’s stock valued at $655,000 after acquiring an additional 91 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in AECOM by 1.1% in the third quarter. PNC Financial Services Group Inc. now owns 9,459 shares of the construction company’s stock valued at $977,000 after buying an additional 103 shares during the period. CIBC Asset Management Inc boosted its position in shares of AECOM by 3.5% during the 3rd quarter. CIBC Asset Management Inc now owns 3,949 shares of the construction company’s stock valued at $408,000 after purchasing an additional 132 shares in the last quarter. Ballentine Partners LLC grew its position in shares of AECOM by 4.1% during the 3rd quarter. Ballentine Partners LLC now owns 3,992 shares of the construction company’s stock worth $412,000 after buying an additional 158 shares during the period. Finally, Caprock Group LLC increased its stake in AECOM by 7.2% in the second quarter. Caprock Group LLC now owns 2,562 shares of the construction company’s stock valued at $226,000 after purchasing an additional 173 shares in the last quarter. Institutional investors own 85.41% of the company’s stock.

About AECOM

(Get Free Report)

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.

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