AECOM (NYSE:ACM) Now Covered by The Goldman Sachs Group

Research analysts at The Goldman Sachs Group started coverage on shares of AECOM (NYSE:ACM) in a research note issued on Friday,Briefing.com Automated Import reports. The firm set a “buy” rating and a $130.00 price target on the construction company’s stock. The Goldman Sachs Group’s price objective would suggest a potential upside of 15.31% from the company’s previous close.

A number of other equities analysts have also commented on ACM. 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. StockNews.com upgraded AECOM from a “hold” rating to a “buy” rating in a research note on Sunday, October 27th. Barclays raised their price objective on AECOM from $100.00 to $105.00 and gave the stock an “overweight” rating in a research note on Thursday, August 8th. Truist Financial raised their price objective on AECOM from $108.00 to $119.00 and gave the stock a “buy” rating in a research note on Friday, October 4th. Finally, Royal Bank of Canada raised their price objective on AECOM from $112.00 to $113.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat, AECOM presently has an average rating of “Buy” and a consensus target price of $118.13.

AECOM Price Performance

Shares of NYSE ACM opened at $112.74 on Friday. The firm has a market cap of $15.12 billion, a P/E ratio of 38.09, a price-to-earnings-growth ratio of 1.64 and a beta of 1.17. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.98. AECOM has a 1-year low of $82.23 and a 1-year high of $115.74. The business’s 50 day moving average is $105.47 and its 200-day moving average is $95.95.

AECOM (NYSE:ACM) last announced its earnings results on Monday, November 18th. The construction company reported $1.27 earnings per share for the quarter, topping analysts’ consensus estimates of $1.24 by $0.03. The company had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.86 billion. AECOM had a return on equity of 25.28% and a net margin of 2.50%. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.01 earnings per share. Equities research analysts predict that AECOM will post 4.95 earnings per share for the current year.

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

Insider Activity at AECOM

In other AECOM news, CFO Gaurav Kapoor sold 42,400 shares of AECOM stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $115.34, for a total transaction of $4,890,416.00. Following the completion of the transaction, the chief financial officer now owns 31,228 shares in the company, valued at approximately $3,601,837.52. The trade was a 57.59 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.42% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On AECOM

A number of hedge funds and other institutional investors have recently modified their holdings of ACM. EntryPoint Capital LLC purchased a new position in AECOM in the first quarter valued at approximately $25,000. Private Trust Co. NA purchased a new position in AECOM in the third quarter valued at approximately $30,000. True Wealth Design LLC lifted its stake in AECOM by 4,242.9% in the third quarter. True Wealth Design LLC now owns 304 shares of the construction company’s stock valued at $31,000 after purchasing an additional 297 shares during the last quarter. Family Firm Inc. bought a new stake in AECOM during the 2nd quarter valued at $31,000. Finally, UMB Bank n.a. raised its holdings in AECOM by 196.2% during the 3rd quarter. UMB Bank n.a. now owns 388 shares of the construction company’s stock valued at $40,000 after acquiring an additional 257 shares during the period. Hedge funds and other 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.