AECOM
ACM: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$59.00 | Rvhj | Jcwvgslw |
Aecom: Targeting Long-Term Operating Margins Comparable With Management Consulting Firms
After Aecom’s 2023 investor day, we’ve raised our fair value estimate to $88 per share from $87, mostly due to our slightly more optimistic midcycle operating margin assumptions. The company reiterated its fiscal 2024 guidance for adjusted earnings per share of $4.35-$4.55 and adjusted EBITDA of $1,065 million-$1,105 million.