Goldman Sachs analyst Adam Bubes initiates coverage on $AECOM Technology (ACM.US)$ with a buy rating, and sets the target price at $130.
According to TipRanks data, the analyst has a success rate of 100.0% and a total average return of 34.8% over the past year.
Furthermore, according to the comprehensive report, the opinions of $AECOM Technology (ACM.US)$'s main analysts recently are as follows:
Since 2020, Aecom has strategically de-risked its portfolio, opting to divest its self-perform at-risk construction and focusing more sharply on areas of technical expertise and competitive differentiation. This approach has led to a high-graded portfolio characterized by accelerating win rates on more complex projects, limited fixed-price risk, and an expanding addressable market.
Aecom demonstrated high quality characteristics which were evident in Q4, with FY25 guidance indicating a stable growth trajectory, albeit more back-loaded into the second half. Additionally, an 18% increase in the dividend was observed, suggesting confidence in the business model.
The F4Q24 report indicated that the company's margins were significantly better than expected, leading to a profit beat even with less robust revenue. Furthermore, the company has issued more favorable guidance alongside some modest positive surprises.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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