AECOM (NYSE:ACM) Receives $120.86 Consensus PT from Analysts

Shares of AECOM (NYSE:ACM - Get Free Report) have earned a consensus rating of "Buy" from the seven analysts that are presently covering the stock, MarketBeat reports. Seven investment analysts have rated the stock with a buy recommendation. The average 1 year price target among brokerages that have covered the stock in the last year is $120.86.

Several research firms recently issued reports on ACM. KeyCorp reduced their target price on shares of AECOM from $121.00 to $109.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Royal Bank of Canada increased their target price on shares of AECOM from $123.00 to $126.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. Robert W. Baird increased 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 target price on shares of AECOM from $116.00 to $122.00 and gave the stock a "buy" rating in a report on Wednesday, May 7th. Finally, Truist Financial reduced their target price on shares of AECOM from $129.00 to $121.00 and set a "buy" rating for the company in a report on Tuesday, April 8th.

Institutional Investors Weigh In On AECOM

A number of institutional investors have recently added to or reduced their stakes in ACM. abrdn plc grew its holdings in AECOM by 18.2% during the 4th quarter. abrdn plc now owns 4,183 shares of the construction company's stock valued at $448,000 after buying an additional 645 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in AECOM by 33.2% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 766 shares of the construction company's stock valued at $82,000 after buying an additional 191 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. grew its holdings in AECOM by 3.3% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 267,266 shares of the construction company's stock valued at $28,549,000 after buying an additional 8,586 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in AECOM by 31.8% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 13,992 shares of the construction company's stock valued at $1,495,000 after buying an additional 3,374 shares in the last quarter. Finally, Conning Inc. purchased a new stake in AECOM during the 4th quarter valued at approximately $364,000. 85.41% of the stock is owned by hedge funds and other institutional investors.

AECOM Stock Performance

Shares of NYSE:ACM traded up $1.12 during trading on Friday, hitting $112.15. The company's stock had a trading volume of 636,918 shares, compared to its average volume of 909,400. The company has a 50-day moving average of $102.11 and a 200-day moving average of $103.48. 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 firm has a market cap of $14.84 billion, a price-to-earnings ratio of 31.86, a P/E/G ratio of 1.63 and a beta of 0.97.

AECOM (NYSE:ACM - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The construction company reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.10. AECOM had a net margin of 2.93% and a return on equity of 26.84%. The firm had revenue of $3.77 billion for the quarter, compared to analysts' expectations of $4.18 billion. During the same quarter in the prior year, the business earned $1.04 EPS. The business's quarterly revenue was up 2.6% on a year-over-year basis. On average, sell-side analysts expect that AECOM will post 5.1 earnings per share for the current year.

AECOM Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 18th. Shareholders of record on Wednesday, July 2nd will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date is Wednesday, July 2nd. AECOM's dividend payout ratio (DPR) is currently 22.66%.

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.