Aug. 14 at 3:34 PM
$SPY $QQQ
$ACM
AECOM is rated Buy with a fair value range of
$88–
$94, reflecting a 33% upside from current levels.
Despite a 50% stock drop, ACM’s Q2 FY26 showed resilient margins, a record
$26.2B backlog, and AI-driven contract wins.
ACM trades at a steep discount (10.2x forward P/E) versus peers, despite 20% Americas segment margins and robust capital returns.
Risks include Middle East collections, lumpy FCF, and
$1.64B net debt, but buybacks and dividend policy support per-share growth.
