AECOM (NYSE:ACM) Stock Has Average Target Price of $80.73

Key Points

• Analyst sentiment is moderately positive: AECOM has a “Moderate Buy” consensus among 12 brokerages—eight buys, three holds and one sell—with an average 12-month price target of $80.73.
• Price targets vary: UBS maintained a buy rating but cut its target to $103, while Barclays lowered its target to $73 and kept an equal-weight rating; shares were trading at $70.50.
• Institutional investors own 85.41% of AECOM, and the company’s quarterly dividend of $0.31 equates to $1.24 annually and a 1.8% yield.

Shares of AECOM (NYSE:ACM - Get Free Report) have received an average recommendation of "Moderate Buy" from the twelve brokerages that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $80.73.

Several analysts have recently issued reports on the company. The Goldman Sachs Group set a $91.00 price objective on AECOM in a research report on Wednesday, August 12th. UBS Group dropped their price objective on AECOM from $106.00 to $103.00 and set a "buy" rating for the company in a research report on Thursday, October 8th. Piper Sandler set a $79.00 target price on shares of AECOM in a research note on Wednesday, August 12th. Barclays reduced their target price on shares of AECOM from $90.00 to $73.00 and set an "equal weight" rating on the stock in a report on Wednesday, August 12th. Finally, Truist Financial reduced their target price on shares of AECOM from $85.00 to $75.00 and set a "buy" rating on the stock in a report on Monday, October 5th.

Hedge Funds Weigh In On AECOM

Several institutional investors and hedge funds have recently modified their holdings of ACM. BlackRock Inc. acquired a new position in AECOM during the second quarter valued at approximately $1,003,699,000. Value Holdings Management CO. LLC purchased a new stake in AECOM during the second quarter worth approximately $10,788,000. Caxton Associates LLP increased its position in shares of AECOM by 1,377.9% in the first quarter. Caxton Associates LLP now owns 79,230 shares of the construction company's stock worth $6,720,000 after acquiring an additional 73,869 shares in the last quarter. Sei Investments Co. increased its position in shares of AECOM by 71.0% in the first quarter. Sei Investments Co. now owns 70,198 shares of the construction company's stock worth $5,954,000 after acquiring an additional 29,152 shares in the last quarter. Finally, Man Group plc acquired a new stake in shares of AECOM in the second quarter worth $2,262,000. Hedge funds and other institutional investors own 85.41% of the company's stock.

AECOM Price Performance

Shares of ACM stock traded up $0.39 during trading hours on Friday, hitting $70.50. The company's stock had a trading volume of 1,214,912 shares, compared to its average volume of 1,246,264. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.11. The business has a fifty day moving average of $62.58 and a 200-day moving average of $74.84. AECOM has a twelve month low of $56.39 and a twelve month high of $134.36. The stock has a market cap of $9.07 billion, a price-to-earnings ratio of 32.34, a P/E/G ratio of 1.27 and a beta of 0.90.

AECOM Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 30th. Stockholders of record on Wednesday, October 14th were given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend was Wednesday, October 14th. AECOM's payout ratio is currently 56.88%.

About AECOM

AECOM is an infrastructure consulting firm that provides planning, design, engineering, architecture, program management, and environmental services. It works with public- and private-sector clients on projects involving transportation, water, buildings, energy, and other infrastructure. The company supports projects across their life cycles, from early planning and design through construction management and operations. Its services include environmental assessment and remediation, engineering and technical consulting, and management of large-scale infrastructure programs.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.