Brokerages Set AECOM (NYSE:ACM) Price Target at $112.29

Shares of AECOM (NYSE:ACM) have been given an average rating of “Buy” by the seven brokerages that are presently covering the company, MarketBeat reports. Seven investment analysts have rated the stock with a buy recommendation. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $112.29.

Several brokerages have weighed in on ACM. Citigroup raised their price objective on shares of AECOM from $110.00 to $128.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Royal Bank of Canada raised their price objective on shares of AECOM from $112.00 to $113.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Truist Financial raised their price objective on shares of AECOM from $108.00 to $119.00 and gave the stock a “buy” rating in a report on Friday, October 4th. StockNews.com raised shares of AECOM from a “hold” rating to a “buy” rating in a report on Sunday. Finally, KeyCorp raised their price objective on shares of AECOM from $99.00 to $115.00 and gave the stock an “overweight” rating in a report on Monday, October 7th.

AECOM Price Performance

ACM opened at $107.33 on Friday. The company has a fifty day simple moving average of $101.63 and a 200 day simple moving average of $94.16. The firm has a market cap of $14.61 billion, a price-to-earnings ratio of -1,192.56, a PEG ratio of 1.58 and a beta of 1.17. AECOM has a twelve month low of $75.19 and a twelve month high of $109.98. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.98.

AECOM (NYSE:ACM) last released its quarterly earnings results on Monday, August 5th. The construction company reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.04. The business had revenue of $4.15 billion during the quarter, compared to analyst estimates of $1.85 billion. AECOM had a net margin of 1.61% and a return on equity of 24.14%. The business’s revenue was up 13.3% on a year-over-year basis. During the same period last year, the business earned $0.94 EPS. Equities research analysts expect that AECOM will post 4.46 EPS for the current fiscal year.

AECOM Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Wednesday, October 2nd were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 0.82%. The ex-dividend date was Wednesday, October 2nd. AECOM’s dividend payout ratio (DPR) is presently -977.78%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. QRG Capital Management Inc. bought a new stake in AECOM in the 3rd quarter valued at about $204,000. Farther Finance Advisors LLC lifted its position in AECOM by 54.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 853 shares of the construction company’s stock valued at $88,000 after purchasing an additional 302 shares during the last quarter. Stephens Inc. AR bought a new stake in AECOM in the 3rd quarter valued at about $238,000. US Bancorp DE lifted its position in AECOM by 4.4% in the 3rd quarter. US Bancorp DE now owns 7,301 shares of the construction company’s stock valued at $754,000 after purchasing an additional 310 shares during the last quarter. Finally, First Trust Direct Indexing L.P. lifted its position in AECOM by 4.8% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 3,936 shares of the construction company’s stock valued at $406,000 after purchasing an additional 182 shares during the last quarter. 85.41% of the stock is owned by institutional investors and hedge funds.

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.