Bank of America's analyst Michael Feniger has adjusted his price target for Aecom (ACM, Financial), lifting it to $112.50 from the previous $106.50. He maintains a Buy rating on the shares. The adjustment comes after Aecom increased the lower end of its fiscal year guidance, reflecting the company's confidence in achieving its financial goals. Feniger's decision to raise estimates follows what he describes as a solid performance in the company's fiscal second quarter.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 10 analysts, the average target price for AECOM (ACM, Financial) is $118.95 with a high estimate of $140.00 and a low estimate of $106.50. The average target implies an upside of 16.41% from the current price of $102.18. More detailed estimate data can be found on the AECOM (ACM) Forecast page.
Based on the consensus recommendation from 13 brokerage firms, AECOM's (ACM, Financial) average brokerage recommendation is currently 1.8, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for AECOM (ACM, Financial) in one year is $113.77, suggesting a upside of 11.34% from the current price of $102.18. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the AECOM (ACM) Summary page.
