AECOM: Undervalued Even Before Infrastructure Spending


  • AECOM is the classic program and construction management company which operates within the infrastructure space in the United States, the EMEA region and the Middle East.
  • Even without any additional COVID-19 fueled spending, the company is seemingly undervalued compared to its peers.
  • With the expected infrastructure spending bill solidifying the company’s long-term prospects, I remain highly bullish on the company’s 36 months ahead.
Construction workers discuss the building plans
ljubaphoto/E+ via Getty Images

When we think of infrastructure projects, especially with the ongoing debate in the United States on the $1 to $2.5 trillion infrastructure spending bill, few other companies have a business overview so specifically describing the work that gets done than does AECOM (

Disclosure: I/we have no positions in any stocks mentioned, but may initiate a long position in ACM over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Additional disclosure: Opinion, not investment advice.

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