AECOM (NYSE:ACM) Receives Average Rating of “Buy” from Brokerages

Shares of AECOM (NYSE:ACM) have been assigned an average rating of “Buy” from the seven ratings firms that are currently covering the firm, MarketBeat.com reports. Seven equities research analysts have rated the stock with a buy rating. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $106.57.

Several brokerages have issued reports on ACM. Truist Financial increased their target price on shares of AECOM from $108.00 to $119.00 and gave the stock a “buy” rating in a report on Friday. Barclays lifted their price objective on shares of AECOM from $100.00 to $105.00 and gave the company an “overweight” rating in a report on Thursday, August 8th. Citigroup reduced their price objective on shares of AECOM from $116.00 to $104.00 and set a “buy” rating for the company in a research note on Monday, July 22nd. 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 report on Wednesday, August 7th. Finally, Royal Bank of Canada boosted their price target on AECOM from $112.00 to $113.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th.

Institutional Investors Weigh In On AECOM

Institutional investors have recently added to or reduced their stakes in the business. CreativeOne Wealth LLC raised its position in shares of AECOM by 3.4% in the 1st quarter. CreativeOne Wealth LLC now owns 3,423 shares of the construction company’s stock valued at $336,000 after purchasing an additional 114 shares during the last quarter. Fifth Third Bancorp raised its holdings in shares of AECOM by 6.7% in the second quarter. Fifth Third Bancorp now owns 1,808 shares of the construction company’s stock worth $159,000 after buying an additional 114 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of AECOM by 4.7% during the second quarter. Assenagon Asset Management S.A. now owns 3,102 shares of the construction company’s stock worth $273,000 after buying an additional 138 shares during the period. Nilsine Partners LLC lifted its stake in shares of AECOM by 1.1% during the second quarter. Nilsine Partners LLC now owns 13,981 shares of the construction company’s stock worth $1,232,000 after buying an additional 152 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in shares of AECOM by 5.3% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 3,338 shares of the construction company’s stock valued at $294,000 after buying an additional 167 shares during the last quarter. Institutional investors and hedge funds own 85.41% of the company’s stock.

AECOM Stock Performance

AECOM stock opened at $103.74 on Tuesday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.13 and a current ratio of 1.13. The company has a market capitalization of $14.12 billion, a PE ratio of -1,152.67, a P/E/G ratio of 1.70 and a beta of 1.17. The company has a 50 day moving average price of $97.26 and a 200-day moving average price of $93.07. AECOM has a fifty-two week low of $74.40 and a fifty-two week high of $104.63.

AECOM (NYSE:ACM) last issued its earnings results on Monday, August 5th. The construction company reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.04. AECOM had a return on equity of 24.14% and a net margin of 1.61%. The business had revenue of $4.15 billion during the quarter, compared to analyst estimates of $1.85 billion. During the same period in the previous year, the company posted $0.94 EPS. AECOM’s revenue was up 13.3% on a year-over-year basis. As a group, equities analysts forecast that AECOM will post 4.46 earnings per share for the current year.

AECOM Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Wednesday, October 2nd will be given a $0.22 dividend. The ex-dividend date of this dividend is Wednesday, October 2nd. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.85%. AECOM’s payout ratio is -977.78%.

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.