Despite a slight downgrade in revenue growth forecasts, the significant increase in ACS’s future P/E multiple suggests improved market sentiment and expectations of higher earnings quality, resulting in a higher analyst price target rising from €52.86 to €55.79.
What's in the News
- ACS to implement a 1.26117-for-1 stock split or significant stock dividend.
- CIMIC Group, a subsidiary of ACS, is preparing to sell its ~$1 billion transport division within UGL Pty Limited, seeking to reduce group debt.
- Macquarie Capital engaged to oversee a potential sale of the unit or a major stake, as ACS prioritizes fund recycling amid CIMIC’s costly project claims.
Valuation Changes
Summary of Valuation Changes for ACS Actividades de Construcción y Servicios
- The Consensus Analyst Price Target has risen from €52.86 to €55.79.
- The Future P/E for ACS Actividades de Construcción y Servicios has significantly risen from 16.23x to 19.11x.
- The Consensus Revenue Growth forecasts for ACS Actividades de Construcción y Servicios has fallen from 6.2% per annum to 5.8% per annum.
Disclaimer
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