Truist Financial Boosts AECOM (NYSE:ACM) Price Target to $119.00

AECOM (NYSE:ACMFree Report) had its price target lifted by Truist Financial from $108.00 to $119.00 in a research note published on Friday, Benzinga reports. The firm currently has a buy rating on the construction company’s stock.

ACM has been the subject of a number of other reports. Robert W. Baird lifted their target price on AECOM from $96.00 to $100.00 and gave the company an outperform rating in a report on Wednesday, August 7th. KeyCorp boosted their price objective on AECOM from $94.00 to $99.00 and gave the stock an overweight rating in a research report on Wednesday, August 7th. Citigroup reduced their target price on shares of AECOM from $116.00 to $104.00 and set a buy rating on the stock in a report on Monday, July 22nd. Royal Bank of Canada boosted their price target on shares of AECOM from $112.00 to $113.00 and gave the stock an outperform rating in a report on Wednesday, August 7th. Finally, Barclays raised 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. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, AECOM currently has an average rating of Buy and a consensus price target of $106.57.

Check Out Our Latest Research Report on ACM

AECOM Stock Up 1.1 %

Shares of ACM opened at $103.74 on Friday. The company’s 50-day moving average price is $97.26 and its 200 day moving average price is $93.06. AECOM has a 12-month low of $74.40 and a 12-month high of $104.63. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.98. The firm has a market cap of $14.12 billion, a P/E ratio of -1,152.67, a price-to-earnings-growth ratio of 1.70 and a beta of 1.17.

AECOM (NYSE:ACMGet Free Report) last announced its earnings results on Monday, August 5th. The construction company reported $1.16 earnings per share (EPS) 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 company had revenue of $4.15 billion for the quarter, compared to analyst estimates of $1.85 billion. During the same quarter in the previous year, the company earned $0.94 earnings per share. The firm’s quarterly revenue was up 13.3% compared to the same quarter last year. On average, sell-side analysts forecast that AECOM will post 4.46 earnings per share for the current year.

AECOM Dividend Announcement

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

Institutional Trading of AECOM

Several hedge funds have recently made changes to their positions in ACM. EntryPoint Capital LLC acquired a new position in AECOM during the first quarter worth $25,000. Ables Iannone Moore & Associates Inc. acquired a new position in shares of AECOM during the 4th quarter worth $28,000. Creekmur Asset Management LLC purchased a new position in shares of AECOM in the 4th quarter valued at about $28,000. Rise Advisors LLC acquired a new stake in shares of AECOM in the first quarter valued at about $31,000. Finally, Family Firm Inc. purchased a new stake in AECOM during the second quarter worth about $31,000. Institutional investors and hedge funds own 85.41% of the company’s stock.

AECOM Company Profile

(Get Free Report)

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.

See Also

Analyst Recommendations for AECOM (NYSE:ACM)

Receive News & Ratings for AECOM Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AECOM and related companies with MarketBeat.com's FREE daily email newsletter.