Investment firm Baird has raised its price target for Aecom (ACM, Financial) from $108 to $118, maintaining an Outperform rating on the stock. This adjustment comes on the heels of Aecom's strong first-quarter performance, which featured better-than-expected profit margins and an increase in its project backlog.
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.
