AECOM
ACM: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$44.00 | Lxhs | Bbjjqtwq |
No Major Surprises in Aecom’s Fiscal First Quarter; Increasing Fair Value Estimate
Aecom posted solid fiscal first-quarter earnings, as its adjusted EBITDA of $224 million increased by 8% from the same period last year. We’ve increased our fair value estimate for Aecom to $82 from $77, driven by our slightly more optimistic revenue growth and operating margin projections as well as time value of money.