Analysts Set AECOM (NYSE:ACM) Price Target at $119.00

Shares of AECOM (NYSE:ACM) have been assigned a consensus rating of “Buy” from the eight brokerages that are presently covering the firm, MarketBeat.com reports. Eight analysts have rated the stock with a buy recommendation. The average 1-year target price among analysts that have covered the stock in the last year is $119.00.

A number of equities analysts recently weighed in on the company. Barclays lifted their price target on AECOM from $105.00 to $120.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Robert W. Baird boosted their price target on shares of AECOM from $108.00 to $118.00 and gave the company an “outperform” rating in a report on Tuesday, May 6th. Truist Financial decreased their price objective on shares of AECOM from $129.00 to $121.00 and set a “buy” rating for the company in a research note on Tuesday, April 8th. Royal Bank of Canada lifted their price target on AECOM from $123.00 to $126.00 and gave the company an “outperform” rating in a report on Wednesday, May 7th. Finally, KeyCorp dropped their target price on AECOM from $121.00 to $109.00 and set an “overweight” rating on the stock in a report on Wednesday, April 16th.

AECOM Price Performance

Shares of NYSE:ACM opened at $108.82 on Wednesday. The stock has a market cap of $14.40 billion, a price-to-earnings ratio of 30.91, a PEG ratio of 1.63 and a beta of 0.96. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.14 and a quick ratio of 1.14. AECOM has a 12 month low of $82.23 and a 12 month high of $118.56. The stock’s 50 day moving average price is $97.23 and its 200 day moving average price is $103.55.

AECOM (NYSE:ACM) last announced its quarterly earnings data on Monday, May 5th. The construction company reported $1.25 earnings per share for the quarter, beating the consensus estimate of $1.15 by $0.10. AECOM had a return on equity of 26.84% and a net margin of 2.93%. The business had revenue of $3.77 billion during the quarter, compared to analyst estimates of $4.18 billion. During the same quarter in the prior year, the firm posted $1.04 earnings per share. The company’s revenue was up 2.6% on a year-over-year basis. Equities research analysts anticipate that AECOM will post 5.1 earnings per share for the current fiscal year.

AECOM Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Wednesday, April 2nd were given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date of this dividend was Wednesday, April 2nd. AECOM’s dividend payout ratio is 22.66%.

Institutional Trading of AECOM

Large investors have recently modified their holdings of the company. Principal Securities Inc. boosted its holdings in AECOM by 95.9% during the fourth quarter. Principal Securities Inc. now owns 237 shares of the construction company’s stock valued at $25,000 after acquiring an additional 116 shares during the period. Allworth Financial LP lifted its position in shares of AECOM by 390.6% during the 4th quarter. Allworth Financial LP now owns 260 shares of the construction company’s stock worth $29,000 after purchasing an additional 207 shares during the last quarter. National Pension Service bought a new stake in AECOM during the 4th quarter valued at approximately $32,000. MAI Capital Management acquired a new stake in AECOM in the 1st quarter valued at approximately $28,000. Finally, TCTC Holdings LLC grew its holdings in AECOM by 120.3% in the 1st quarter. TCTC Holdings LLC now owns 304 shares of the construction company’s stock valued at $28,000 after buying an additional 166 shares during the last quarter. 85.41% of the stock is owned by institutional investors.

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.