Citigroup Issues Positive Forecast for AECOM (NYSE:ACM) Stock Price

AECOM (NYSE:ACM) had its price objective boosted by Citigroup from $116.00 to $122.00 in a research report sent to investors on Wednesday morning, Marketbeat.com reports. They currently have a buy rating on the construction company’s stock.

Several other research firms have also recently commented on ACM. Barclays increased their target price on AECOM from $105.00 to $120.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Robert W. Baird raised their price objective on shares of AECOM from $108.00 to $118.00 and gave the stock an “outperform” rating in a report on Tuesday. KeyCorp dropped their target price on shares of AECOM from $121.00 to $109.00 and set an “overweight” rating for the company in a research report on Wednesday, April 16th. Finally, Truist Financial decreased their price target on AECOM from $129.00 to $121.00 and set a “buy” rating for the company in a research note on Tuesday, April 8th. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $119.00.

AECOM Stock Performance

AECOM stock opened at $104.67 on Wednesday. AECOM has a 12-month low of $82.23 and a 12-month high of $118.56. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.14 and a quick ratio of 1.14. The company has a market capitalization of $13.88 billion, a price-to-earnings ratio of 29.74, a price-to-earnings-growth ratio of 1.63 and a beta of 0.96. The firm’s fifty day moving average price is $95.47 and its 200 day moving average price is $103.50.

AECOM (NYSE:ACM) last announced its earnings results on Monday, May 5th. The construction company reported $1.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.15 by $0.10. AECOM had a return on equity of 26.84% and a net margin of 2.93%. The business had revenue of $3.77 billion for the quarter, compared to analyst estimates of $4.18 billion. The company’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.04 earnings per share. On average, research analysts forecast that AECOM will post 5.1 EPS for the current fiscal year.

AECOM Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Wednesday, April 2nd were paid a dividend of $0.26 per share. The ex-dividend date was Wednesday, April 2nd. This represents a $1.04 annualized dividend and a yield of 0.99%. AECOM’s dividend payout ratio (DPR) is 29.55%.

Hedge Funds Weigh In On AECOM

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Prudential Financial Inc. lifted its holdings in shares of AECOM by 16.6% in the 4th quarter. Prudential Financial Inc. now owns 27,524 shares of the construction company’s stock worth $2,940,000 after purchasing an additional 3,921 shares during the last quarter. Magnus Financial Group LLC lifted its stake in AECOM by 93.5% in the fourth quarter. Magnus Financial Group LLC now owns 4,860 shares of the construction company’s stock valued at $519,000 after buying an additional 2,348 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of AECOM during the fourth quarter valued at $9,705,000. TT International Asset Management LTD bought a new position in shares of AECOM during the fourth quarter worth about $3,578,000. Finally, Park Avenue Securities LLC increased its holdings in shares of AECOM by 176.9% in the 4th quarter. Park Avenue Securities LLC now owns 7,239 shares of the construction company’s stock worth $773,000 after acquiring an additional 4,625 shares during the period. 85.41% of the stock is currently 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.