AECOM (NYSE:ACM) Price Target Increased to $116.00 by Analysts at Citigroup

AECOM (NYSE:ACM) had its target price boosted by Citigroup from $107.00 to $116.00 in a research note issued to investors on Monday, Benzinga reports. Citigroup currently has a buy rating on the construction company’s stock.

ACM has been the subject of a number of other reports. Robert W. Baird increased their price target on AECOM from $100.00 to $103.00 and gave the company an outperform rating in a research note on Tuesday, February 6th. KeyCorp increased their price target on AECOM from $104.00 to $105.00 and gave the company an overweight rating in a research note on Friday. Truist Financial initiated coverage on AECOM in a research note on Thursday, March 14th. They set a buy rating and a $106.00 price target for the company. Royal Bank of Canada reissued an outperform rating and set a $109.00 price objective on shares of AECOM in a research note on Wednesday, February 7th. Finally, Barclays raised their price objective on AECOM from $90.00 to $100.00 and gave the stock an overweight rating in a research note on Tuesday, February 13th. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of Buy and an average price target of $105.43.

AECOM Stock Down 0.7 %

ACM opened at $92.65 on Monday. AECOM has a 12 month low of $74.40 and a 12 month high of $98.72. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.05 and a quick ratio of 1.05. The stock has a market cap of $12.60 billion, a P/E ratio of 205.89, a P/E/G ratio of 1.39 and a beta of 1.24. The stock’s 50 day moving average price is $92.86 and its 200 day moving average price is $88.81.

AECOM (NYSE:ACM) last issued its quarterly earnings results on Tuesday, February 6th. The construction company reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.13. The firm had revenue of $3.90 billion during the quarter. AECOM had a return on equity of 21.45% and a net margin of 0.42%. During the same period in the previous year, the business posted $0.86 earnings per share. As a group, research analysts predict that AECOM will post 4.43 earnings per share for the current year.

AECOM Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Wednesday, April 24th will be given a $0.22 dividend. The ex-dividend date is Tuesday, April 23rd. This represents a $0.88 annualized dividend and a dividend yield of 0.95%. AECOM’s dividend payout ratio (DPR) is presently 195.56%.

Institutional Trading of AECOM

Several hedge funds and other institutional investors have recently modified their holdings of ACM. Ables Iannone Moore & Associates Inc. acquired a new stake in shares of AECOM in the fourth quarter worth $28,000. Creekmur Asset Management LLC purchased a new stake in shares of AECOM during the fourth quarter worth $28,000. Rise Advisors LLC purchased a new stake in shares of AECOM during the first quarter worth $31,000. GAMMA Investing LLC purchased a new stake in shares of AECOM during the fourth quarter worth $35,000. Finally, Manchester Capital Management LLC purchased a new stake in shares of AECOM during the third quarter worth $38,000. Institutional investors and hedge funds own 85.41% of the company’s stock.

AECOM Company Profile

AECOM, together with its subsidiaries, provides professional infrastructure consulting services worldwide. It operates in three segments: Americas, International, and AECOM Capital. The company offers planning, consulting, architectural and engineering design, construction and program management, and investment and development services to public and private clients.