AECOM (NYSE:ACM) Given New $139.00 Price Target at UBS Group

Key Points

• UBS Group raised its price target for AECOM (NYSE:ACM) from $126.00 to $139.00, indicating a potential upside of 17.10% from the previous closing price, while maintaining a "buy" rating.
• A number of research firms, including Robert W. Baird and Bank of America, recently updated their ratings and price targets for AECOM, with the average target now sitting at $127.33 and a consensus "buy" rating among analysts.
• AECOM reported $1.34 earnings per share (EPS) for its last quarter, outperforming the consensus estimate by $0.09, and turned in a year-over-year revenue increase of 6.2%.

AECOM (NYSE:ACM - Free Report) had its target price boosted by UBS Group from $126.00 to $139.00 in a research report released on Wednesday,Benzinga reports. They currently have a buy rating on the construction company's stock.

Several other equities research analysts have also weighed in on ACM. Citigroup reiterated a "buy" rating and issued a $137.00 target price (up from $122.00) on shares of AECOM in a report on Monday, July 28th. Truist Financial lowered their price objective on shares of AECOM from $129.00 to $121.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Bank of America lifted their target price on AECOM from $112.50 to $124.00 and gave the stock a "buy" rating in a report on Tuesday. Royal Bank Of Canada boosted their target price on AECOM from $123.00 to $126.00 and gave the company an "outperform" rating in a research note on Wednesday, May 7th. Finally, KeyCorp raised their price target on AECOM from $129.00 to $131.00 and gave the stock an "overweight" rating in a research report on Wednesday. Ten equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, AECOM currently has a consensus rating of "Buy" and an average target price of $127.33.

AECOM Trading Up 0.3%

ACM stock traded up $0.35 during midday trading on Wednesday, reaching $119.56. The stock had a trading volume of 60,292 shares, compared to its average volume of 996,113. The firm has a market cap of $15.82 billion, a price-to-earnings ratio of 26.08, a PEG ratio of 1.76 and a beta of 0.99. AECOM has a twelve month low of $85.00 and a twelve month high of $121.73. The company has a quick ratio of 1.15, a current ratio of 1.17 and a debt-to-equity ratio of 0.91. The business has a fifty day simple moving average of $113.05 and a two-hundred day simple moving average of $104.37.

AECOM (NYSE:ACM - Get Free Report) last posted its quarterly earnings results on Monday, August 4th. The construction company reported $1.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.09. AECOM had a return on equity of 27.87% and a net margin of 3.82%. The business had revenue of $1.94 billion for the quarter, compared to analyst estimates of $4.33 billion. During the same period last year, the company earned $1.16 EPS. The firm's revenue was up 6.2% on a year-over-year basis. As a group, research analysts expect that AECOM will post 5.1 EPS for the current fiscal year.

AECOM Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 18th. Shareholders of record on Wednesday, July 2nd were paid a $0.26 dividend. The ex-dividend date of this dividend was Wednesday, July 2nd. This represents a $1.04 annualized dividend and a dividend yield of 0.9%. AECOM's dividend payout ratio (DPR) is currently 22.66%.

Institutional Trading of AECOM

Institutional investors have recently modified their holdings of the company. Nuveen LLC acquired a new stake in AECOM in the 1st quarter valued at approximately $78,900,000. The Manufacturers Life Insurance Company grew its stake in shares of AECOM by 421.9% during the 1st quarter. The Manufacturers Life Insurance Company now owns 936,273 shares of the construction company's stock worth $86,821,000 after acquiring an additional 756,859 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of AECOM by 34.7% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,680,258 shares of the construction company's stock valued at $286,305,000 after purchasing an additional 691,020 shares during the last quarter. Northern Trust Corp raised its holdings in shares of AECOM by 53.5% in the fourth quarter. Northern Trust Corp now owns 1,664,893 shares of the construction company's stock valued at $177,844,000 after purchasing an additional 580,078 shares during the last quarter. Finally, International Assets Investment Management LLC bought a new stake in shares of AECOM in the second quarter worth $414,000. 85.41% of the stock is currently owned by institutional investors.

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.