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

AECOM (NYSE:ACM) had its target price upped by Citigroup from $107.00 to $116.00 in a research note released on Monday, Benzinga reports. Citigroup currently has a buy rating on the construction company’s stock.

Several other analysts have also recently commented on the company. Barclays raised their price target on AECOM from $90.00 to $100.00 and gave the company an overweight rating in a report on Tuesday, February 13th. TheStreet raised AECOM from a c+ rating to a b rating in a report on Monday, February 5th. Truist Financial assumed coverage on AECOM in a report on Thursday, March 14th. They issued a buy rating and a $106.00 price target for the company. Royal Bank of Canada reaffirmed an outperform rating and issued a $109.00 price objective on shares of AECOM in a research note on Wednesday, February 7th. Finally, KeyCorp raised their price objective on AECOM from $104.00 to $105.00 and gave the company an overweight rating in a research note on Friday, April 19th. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, AECOM has a consensus rating of Buy and a consensus target price of $105.43.

AECOM Trading Up 0.1 %

NYSE:ACM opened at $94.01 on Monday. AECOM has a 52-week low of $74.40 and a 52-week high of $98.72. The stock’s 50 day moving average price is $93.05 and its 200 day moving average price is $88.93. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.87. The company has a market capitalization of $12.79 billion, a PE ratio of 208.92, a P/E/G ratio of 1.38 and a beta of 1.24.

AECOM (NYSE:ACM) last posted its quarterly earnings data on Tuesday, February 6th. The construction company reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.13. AECOM had a return on equity of 21.45% and a net margin of 0.42%. The company had revenue of $3.90 billion during the quarter. During the same period in the previous year, the business posted $0.86 earnings per share. On average, research analysts anticipate that AECOM will post 4.43 EPS for the current year.

AECOM Dividend Announcement

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

Hedge Funds Weigh In On AECOM

A number of institutional investors have recently made changes to their positions in ACM. Ables Iannone Moore & Associates Inc. acquired a new position in shares of AECOM in the fourth quarter worth $28,000. Creekmur Asset Management LLC acquired a new position in AECOM in the fourth quarter valued at $28,000. Rise Advisors LLC acquired a new position in AECOM in the first quarter valued at $31,000. GAMMA Investing LLC purchased a new stake in AECOM during the fourth quarter valued at about $35,000. Finally, Manchester Capital Management LLC purchased a new stake in AECOM during the third quarter valued at about $38,000. 85.41% of the stock is owned by institutional investors and hedge funds.

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.