AECOM (NYSE:ACM) Price Target Raised to $130.00 at Barclays

Key Points

• Barclays has raised the price target for AECOM (NYSE:ACM) from $120 to $130, suggesting a potential upside of 8.53% for investors.
• Various other firms, including UBS and Robert W. Baird, have also increased their target prices for AECOM, further indicating a generally positive sentiment about the stock.
• AECOM reported earnings per share of $1.34 for the recent quarter, outperforming analyst expectations of $1.25, with a 6.2% year-over-year increase in revenue.

AECOM (NYSE:ACM - Free Report) had its price target increased by Barclays from $120.00 to $130.00 in a research report sent to investors on Tuesday,Benzinga reports. They currently have an overweight rating on the construction company's stock.

ACM has been the subject of a number of other reports. Robert W. Baird upped their price target on shares of AECOM from $108.00 to $118.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 6th. Royal Bank Of Canada raised their price objective on shares of AECOM from $123.00 to $126.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. UBS Group lifted their price target on shares of AECOM from $126.00 to $139.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Bank of America lifted their price target on shares of AECOM from $112.50 to $124.00 and gave the stock a "buy" rating in a research report on Tuesday, August 5th. Finally, KeyCorp boosted their price objective on shares of AECOM from $129.00 to $131.00 and gave the company an "overweight" rating in a report on Wednesday, August 6th. Ten analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $128.44.

AECOM Stock Down 0.6%

AECOM stock traded down $0.73 during trading on Tuesday, reaching $119.39. The stock had a trading volume of 519,242 shares, compared to its average volume of 938,251. The stock has a market cap of $15.81 billion, a PE ratio of 26.01, a P/E/G ratio of 1.78 and a beta of 0.99. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.91. AECOM has a 52-week low of $85.00 and a 52-week high of $122.04. The business has a 50 day moving average price of $114.19 and a 200 day moving average price of $104.85.

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, beating analysts' consensus estimates of $1.25 by $0.09. The company had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $4.33 billion. AECOM had a net margin of 3.82% and a return on equity of 27.87%. The company's revenue for the quarter was up 6.2% on a year-over-year basis. During the same period last year, the firm earned $1.16 EPS. On average, analysts predict that AECOM will post 5.1 EPS for the current year.

AECOM Dividend Announcement

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

Institutional Trading of AECOM

Institutional investors have recently made changes to their positions in the business. Orion Porfolio Solutions LLC raised its position in AECOM by 28,246.5% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 5,335,667 shares of the construction company's stock valued at $602,183,000 after purchasing an additional 5,316,844 shares in the last quarter. Invesco Ltd. raised its holdings in shares of AECOM by 79.1% during the second quarter. Invesco Ltd. now owns 4,361,755 shares of the construction company's stock valued at $492,268,000 after acquiring an additional 1,926,466 shares during the last quarter. Norges Bank acquired a new stake in shares of AECOM in the second quarter valued at approximately $200,879,000. Nuveen LLC acquired a new stake in shares of AECOM in the first quarter valued at approximately $78,900,000. Finally, The Manufacturers Life Insurance Company grew its position in AECOM by 421.9% in the first 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 during the period. Hedge funds and other institutional investors own 85.41% of the company's stock.

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.