AECOM Surpasses Analyst Target Price: What Will Analysts Do Next?
During recent trading, shares of AECOM (Symbol: ACM) have risen above the average analyst 12-month target price of $107.00, with the stock trading at $107.26 per share. When a stock hits an analyst’s target, they typically face two options: downgrade their rating or adjust their target price upward. The decision can also depend on recent business developments that might be fueling the stock’s rise. If AECOM’s outlook is strengthening, analysts may indeed see the need to raise their targets.
Within Zacks’ coverage universe, analysts have set nine different price targets for AECOM. It’s important to note that while the average target serves as a useful benchmark, individual analyst opinions vary. For instance, one analyst has a target as low as $99.00, while another is more optimistic with a target of $119.00. The standard deviation from the average is $7.035.
Analyzing the average ACM price target allows investors to tap into a broader range of expert opinions. With the stock moving past the $107.00 mark, this situation prompts a key question for investors: Will the current price represent just a stop on the road towards a higher target, or has the valuation climbed too high, signaling it might be time to take some profits? The following table outlines the collective opinions of analysts tracking AECOM:
| Recent ACM Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Month Ago | 3 Month Ago |
| Strong buy ratings: | 8 | 8 | 8 | 8 |
| Buy ratings: | 1 | 1 | 1 | 1 |
| Hold ratings: | 0 | 0 | 0 | 0 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 0 | 0 | 0 | 0 |
| Average rating: | 1.11 | 1.11 | 1.11 | 1.11 |
The average rating in the table above is on a scale from 1 to 5, where 1 signifies a Strong Buy and 5 indicates a Strong Sell. This article utilized data from Zacks Investment Research via Quandl.com. Access the latest Zacks research report on ACM — FREE.
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Additional Resources:
PE History
FTXD market cap history
Funds Holding MDCI
The views and opinions expressed herein are solely those of the author and do not necessarily reflect the opinions of Nasdaq, Inc.
