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

AECOM (NYSE:ACM - Get Free Report) has been assigned a consensus rating of "Buy" from the seven brokerages that are presently covering the firm, MarketBeat reports. Seven equities research analysts have rated the stock with a buy recommendation. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $120.86.

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

Hedge Funds Weigh In On AECOM

Several hedge funds and other institutional investors have recently modified their holdings of the stock. TCTC Holdings LLC increased its stake in AECOM by 120.3% during the 1st quarter. TCTC Holdings LLC now owns 304 shares of the construction company's stock valued at $28,000 after purchasing an additional 166 shares in the last quarter. MAI Capital Management purchased a new stake in shares of AECOM during the first quarter valued at $28,000. Caitong International Asset Management Co. Ltd grew its holdings in shares of AECOM by 212.9% during the first quarter. Caitong International Asset Management Co. Ltd now owns 316 shares of the construction company's stock valued at $29,000 after buying an additional 215 shares during the last quarter. SVB Wealth LLC acquired a new position in shares of AECOM in the 1st quarter valued at $33,000. Finally, Marshall & Sterling Wealth Advisors Inc. purchased a new position in AECOM in the 4th quarter worth $35,000. 85.41% of the stock is owned by hedge funds and other institutional investors.

AECOM Stock Up 1.2%

Shares of ACM stock traded up $1.33 during mid-day trading on Thursday, hitting $115.79. The stock had a trading volume of 441,531 shares, compared to its average volume of 925,952. 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 1.00, a current ratio of 1.15 and a quick ratio of 1.15. The firm's 50-day moving average is $107.94 and its two-hundred day moving average is $103.22. The firm has a market capitalization of $15.32 billion, a P/E ratio of 25.23, a price-to-earnings-growth ratio of 1.84 and a beta of 0.96.

AECOM (NYSE:ACM - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The construction company reported $1.25 earnings per share for the quarter, topping analysts' consensus estimates of $1.15 by $0.10. AECOM had a net margin of 3.85% and a return on equity of 27.67%. The company had revenue of $3.77 billion during the quarter, compared to analyst estimates of $4.18 billion. During the same period in the prior year, the firm earned $1.04 earnings per share. The firm's revenue for the quarter was up 2.6% compared to the same quarter last year. On average, analysts predict that AECOM will post 5.1 earnings per share for the current fiscal year.

AECOM Dividend Announcement

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 paid a dividend of $0.26 per share. The ex-dividend date is Wednesday, July 2nd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.90%. AECOM's payout ratio is 22.66%.

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.