Aecom (ACM) Is A Top Stock For US Manufacturing Reshoring, Says Jim Cramer

We recently published 10 Stocks Jim Cramer Discussed As He Warned About Samsung’s Phones. AECOM (NYSE:ACM) is one of the stocks Jim Cramer recently discussed.

AECOM (NYSE:ACM) is an American infrastructure consulting firm based in Texas. Its shares have gained 12% year-to-date and jumped by 6.3% in August after the firm’s fiscal third quarter earnings. The results saw the firm’s $1.34 in EPS and $4.178 billion in revenue beat analyst estimates of $1.26 for the EPS and miss the estimates of $4.30 billion. After the results, analysts from Keybanc and UBS raised Aecom (NYSE:ACM)’s share price targets to further stimulate the stock. Cramer also believes that the firm is a key play to benefit from data center construction and US manufacturing re-shoring:

“. . .people are looking for ways to be able to play the reshoring. The best ways are Aecom . . .But Aecom and Jacobs go. . .”

A worker in a hard hat and safety gear overseeing the construction of a major energy project.

During its earnings call, AECOM (NYSE:ACM)’s management commented on its business tailwinds:

“Infrastructure enjoys strong bipartisan support across all of our markets and is an essential element of thriving economies. Fourth, we are investing to accelerate organic growth and expand our competitive advantage. This includes ongoing additions to our advisory and program management teams to meet growing demand as our clients navigate greater regulatory uncertainty and larger investments. This is consistent with our long-term objective of delivering 50% of revenue from advisory and program management over time.”

While we acknowledge the potential of ACM as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.