Aecom (ACM, Financial), in partnership with AtkinsRealis, has been appointed by the Highways Department of the Hong Kong Special Administrative Region (HKSAR) Government to provide a variety of technical services for the Northern Metropolis Highway. This significant infrastructure endeavor is designed to improve east-west connectivity within the Northern Metropolis, a major new development in Hong Kong.
The joint venture between Aecom and AtkinsRealis will take on several critical tasks, including evaluating the engineering feasibility and the constructability of the highway's proposed alignment. Additionally, they will investigate other potential alignment alternatives and undertake preliminary design work. Their responsibilities also extend to conducting comprehensive assessments of traffic patterns, environmental impact, land acquisition needs, and other relevant factors to ensure the successful planning and execution of the project.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 10 analysts, the average target price for AECOM (ACM, Financial) is $121.60 with a high estimate of $140.00 and a low estimate of $108.00. The average target implies an upside of 28.94% from the current price of $94.31. 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 $113.63, suggesting a upside of 20.49% from the current price of $94.31. 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.
