Citigroup Raises AECOM (NYSE:ACM) Price Target to $116.00

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

Several other equities analysts have also issued reports on ACM. Robert W. Baird upped 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. 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 on the stock. TheStreet raised AECOM from a c+ rating to a b rating in a research note on Monday, February 5th. Royal Bank of Canada reaffirmed an outperform rating and set a $109.00 price target on shares of AECOM in a research note on Wednesday, February 7th. Finally, Barclays increased their target price on AECOM from $90.00 to $100.00 and gave the company 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, AECOM has an average rating of Buy and a consensus target price of $105.43.

AECOM Stock Performance

Shares of NYSE:ACM opened at $94.01 on Monday. The business’s fifty day moving average price is $93.05 and its two-hundred day moving average price is $88.93. 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 capitalization of $12.79 billion, a price-to-earnings ratio of 208.92, a price-to-earnings-growth ratio of 1.38 and a beta of 1.24. AECOM has a fifty-two week low of $74.40 and a fifty-two week high of $98.72.

AECOM (NYSE:ACM) last announced its earnings results on Tuesday, February 6th. The construction company reported $1.05 EPS for the quarter, topping the consensus estimate of $0.92 by $0.13. The company had revenue of $3.90 billion for the quarter. AECOM had a return on equity of 21.45% and a net margin of 0.42%. During the same quarter in the previous year, the company posted $0.86 EPS. As a group, analysts predict that AECOM will post 4.43 EPS for the current fiscal year.

AECOM Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Wednesday, April 24th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date of this dividend is Tuesday, April 23rd. AECOM’s dividend payout ratio is currently 195.56%.

Institutional Investors Weigh In On AECOM

Hedge funds have recently modified their holdings of the business. Ables Iannone Moore & Associates Inc. acquired a new stake in shares of AECOM during the fourth quarter worth about $28,000. Creekmur Asset Management LLC acquired a new stake in shares of AECOM during the fourth quarter worth about $28,000. Rise Advisors LLC acquired a new stake in shares of AECOM during the first quarter worth about $31,000. GAMMA Investing LLC acquired a new stake in shares of AECOM during the fourth quarter worth about $35,000. Finally, Headlands Technologies LLC acquired a new stake in shares of AECOM during the fourth quarter worth about $40,000. 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.