AECOM (NYSE:ACM) Receives $120.86 Average PT from Brokerages

AECOM (NYSE:ACM) has earned a consensus rating of “Buy” from the seven analysts that are presently covering the company, Marketbeat reports. Seven investment analysts have rated the stock with a buy recommendation. The average 1-year target price among brokers that have covered the stock in the last year is $120.86.

Several equities research analysts recently issued reports on ACM shares. Royal Bank Of Canada upped their price target on AECOM from $123.00 to $126.00 and gave the stock an “outperform” rating in a report on Wednesday, May 7th. KeyCorp decreased their price target on AECOM from $121.00 to $109.00 and set an “overweight” rating for the company in a report on Wednesday, April 16th. Citigroup upped their price target on AECOM from $116.00 to $122.00 and gave the stock a “buy” rating in a report on Wednesday, May 7th. Robert W. Baird boosted their price objective on AECOM from $108.00 to $118.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 6th. Finally, Truist Financial cut their price objective on AECOM from $129.00 to $121.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th.

Hedge Funds Weigh In On AECOM

Institutional investors and hedge funds have recently bought and sold shares of the stock. Prudential Financial Inc. grew its position in AECOM by 16.6% during the 4th quarter. Prudential Financial Inc. now owns 27,524 shares of the construction company’s stock worth $2,940,000 after acquiring an additional 3,921 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in AECOM in the 4th quarter worth approximately $9,705,000. Proficio Capital Partners LLC purchased a new stake in AECOM in the 4th quarter worth approximately $55,000. Cambridge Investment Research Advisors Inc. lifted its holdings in AECOM by 3.8% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 7,790 shares of the construction company’s stock worth $722,000 after buying an additional 286 shares during the period. Finally, Wellington Management Group LLP lifted its holdings in AECOM by 5.0% in the 4th quarter. Wellington Management Group LLP now owns 12,602 shares of the construction company’s stock worth $1,346,000 after buying an additional 603 shares during the period. 85.41% of the stock is currently owned by institutional investors.

AECOM Price Performance

Shares of ACM opened at $115.70 on Thursday. AECOM has a 52-week low of $82.24 and a 52-week high of $118.56. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.15 and a current ratio of 1.15. The business’s 50 day moving average price is $109.71 and its two-hundred day moving average price is $103.45. The firm has a market cap of $15.31 billion, a PE ratio of 25.21, a price-to-earnings-growth ratio of 1.86 and a beta of 0.96.

AECOM (NYSE:ACM) last released its quarterly earnings data on Monday, May 5th. The construction company reported $1.25 EPS for the quarter, beating the consensus estimate of $1.15 by $0.10. The firm had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $4.18 billion. AECOM had a return on equity of 27.67% and a net margin of 3.85%. The company’s quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.04 earnings per share. On average, equities analysts anticipate that AECOM will post 5.1 EPS for the current year.

AECOM Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 18th. Investors of record on Wednesday, July 2nd will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a $1.04 annualized dividend and a yield of 0.90%. AECOM’s payout ratio is 22.66%.

About AECOM

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.