AECOM (NYSE:ACM) Price Target Raised to $113.00

AECOM (NYSE:ACM) had its price objective hoisted by Royal Bank of Canada from $112.00 to $113.00 in a research report report published on Wednesday morning, Benzinga reports. They currently have an outperform rating on the construction company’s stock.

Several other brokerages also recently commented on ACM. Robert W. Baird increased their target price on AECOM from $96.00 to $100.00 and gave the company an outperform rating in a research note on Wednesday. Citigroup dropped their price objective on AECOM from $116.00 to $104.00 and set a buy rating on the stock in a research report on Monday, July 22nd. KeyCorp decreased their target price on AECOM from $105.00 to $94.00 and set an overweight rating for the company in a research report on Wednesday, July 17th. UBS Group upped their target price on shares of AECOM from $105.00 to $106.00 and gave the company a buy rating in a research note on Thursday, May 23rd. Finally, Truist Financial reiterated a buy rating and issued a $108.00 price target (up from $107.00) on shares of AECOM in a research note on Wednesday. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of Buy and an average target price of $105.00.

AECOM Price Performance

ACM opened at $96.58 on Wednesday. The firm has a market cap of $13.15 billion, a PE ratio of -1,073.11, a P/E/G ratio of 1.47 and a beta of 1.17. The stock has a 50-day moving average price of $88.21 and a 200-day moving average price of $90.52. AECOM has a 1 year low of $74.40 and a 1 year high of $98.72. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.06 and a quick ratio of 1.06.

AECOM (NYSE:ACM) last issued its earnings results on Monday, August 5th. The construction company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.04. AECOM had a negative net margin of 0.09% and a positive return on equity of 22.73%. The business had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $1.85 billion. During the same period in the previous year, the company earned $0.94 earnings per share. The business’s revenue for the quarter was up 13.3% compared to the same quarter last year. Sell-side analysts predict that AECOM will post 4.42 earnings per share for the current fiscal year.

AECOM Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 19th. Investors of record on Wednesday, July 3rd were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date was Wednesday, July 3rd. AECOM’s payout ratio is -977.78%.

Institutional Trading of AECOM

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ACM. EntryPoint Capital LLC bought a new stake in shares of AECOM during the 1st quarter valued at $25,000. Ables Iannone Moore & Associates Inc. purchased a new position in AECOM during the fourth quarter valued at $28,000. Creekmur Asset Management LLC bought a new stake in AECOM during the fourth quarter valued at about $28,000. Rise Advisors LLC bought a new stake in AECOM during the first quarter valued at about $31,000. Finally, Family Firm Inc. purchased a new stake in AECOM in the second quarter worth about $31,000. 85.41% of the stock is owned by hedge funds and other 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.