Brokerages Set AECOM (NYSE:ACM) Price Target at $120.86

Shares of AECOM (NYSE:ACM) have earned an average rating of “Buy” from the seven analysts that are covering the company, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a buy recommendation. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $120.86.

A number of brokerages have recently weighed in on ACM. Citigroup upped their target price on AECOM from $116.00 to $122.00 and gave the company a “buy” rating in a report on Wednesday, May 7th. Robert W. Baird upped their price objective on shares of AECOM from $108.00 to $118.00 and gave the company an “outperform” rating in a research note on Tuesday, May 6th. Truist Financial decreased their target price on shares of AECOM from $129.00 to $121.00 and set a “buy” rating for the company in a research note on Tuesday, April 8th. Royal Bank Of Canada boosted their price target on shares of AECOM from $123.00 to $126.00 and gave the company an “outperform” rating in a report on Wednesday, May 7th. Finally, KeyCorp lowered their price target on AECOM from $121.00 to $109.00 and set an “overweight” rating for the company in a research note on Wednesday, April 16th.

AECOM Trading Up 1.2%

Shares of ACM stock opened at $115.79 on Thursday. AECOM has a fifty-two week low of $82.23 and a fifty-two week high of $118.56. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 1.00. The stock has a market capitalization of $15.32 billion, a P/E ratio of 25.23, a P/E/G ratio of 1.87 and a beta of 0.96. The stock has a 50-day simple moving average of $108.67 and a 200 day simple moving average of $103.26.

AECOM (NYSE:ACM) last announced its earnings results on Monday, May 5th. The construction company reported $1.25 EPS for the quarter, beating the consensus estimate of $1.15 by $0.10. The business had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $4.18 billion. AECOM had a return on equity of 27.67% and a net margin of 3.85%. AECOM’s revenue was up 2.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.04 earnings per share. On average, sell-side analysts expect that AECOM will post 5.1 earnings per share for the current fiscal year.

AECOM Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 18th. Stockholders of record on Wednesday, July 2nd will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.90%. The ex-dividend date is Wednesday, July 2nd. AECOM’s dividend payout ratio is currently 22.66%.

Institutional Investors Weigh In On AECOM

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Ranch Capital Advisors Inc. raised its stake in shares of AECOM by 2.3% in the fourth quarter. Ranch Capital Advisors Inc. now owns 4,482 shares of the construction company’s stock valued at $479,000 after acquiring an additional 99 shares during the last quarter. Cordatus Wealth Management LLC grew its position in AECOM by 3.7% during the 1st quarter. Cordatus Wealth Management LLC now owns 2,867 shares of the construction company’s stock worth $266,000 after acquiring an additional 101 shares during the last quarter. Brown Brothers Harriman & Co. increased its holdings in AECOM by 17.5% during the 4th quarter. Brown Brothers Harriman & Co. now owns 691 shares of the construction company’s stock valued at $74,000 after purchasing an additional 103 shares in the last quarter. Private Trust Co. NA raised its position in AECOM by 37.2% in the 1st quarter. Private Trust Co. NA now owns 413 shares of the construction company’s stock valued at $38,000 after purchasing an additional 112 shares during the last quarter. Finally, Ellevest Inc. raised its position in AECOM by 2.2% in the 4th quarter. Ellevest Inc. now owns 5,820 shares of the construction company’s stock valued at $622,000 after purchasing an additional 124 shares during the last quarter. Institutional investors and hedge funds own 85.41% of the company’s stock.

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.