Citigroup Boosts AECOM (NYSE:ACM) Price Target to $116.00

AECOM (NYSE:ACM - Free Report) had its target price upped by Citigroup from $107.00 to $116.00 in a research note released on Monday morning, Benzinga reports. Citigroup currently has a buy rating on the construction company's stock.

Several other equities analysts have also weighed in on the stock. Truist Financial started coverage on shares of AECOM in a report on Thursday, March 14th. They issued a buy rating and a $106.00 target price on the stock. Robert W. Baird boosted their target price on shares of AECOM from $100.00 to $103.00 and gave the company an outperform rating in a report on Tuesday, February 6th. TheStreet upgraded shares of AECOM from a c+ rating to a b rating in a report on Monday, February 5th. KeyCorp boosted their price target on shares of AECOM from $104.00 to $105.00 and gave the company an overweight rating in a research note on Friday. Finally, Barclays boosted their price target on shares of AECOM from $90.00 to $100.00 and gave the company an overweight rating in a research note on Tuesday, February 13th. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of Buy and an average target price of $105.43.

AECOM Price Performance

Shares of NYSE:ACM traded down $0.70 during midday trading on Monday, hitting $92.65. The company's stock had a trading volume of 454,660 shares, compared to its average volume of 737,906. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.05 and a current ratio of 1.05. The company has a market cap of $12.60 billion, a P/E ratio of 205.89, a price-to-earnings-growth ratio of 1.39 and a beta of 1.24. The business's 50 day simple moving average is $92.86 and its 200 day simple moving average is $88.81. AECOM has a 12-month low of $74.40 and a 12-month high of $98.72.

AECOM (NYSE:ACM - Get Free Report) last posted its earnings results on Tuesday, February 6th. The construction company reported $1.05 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.13. The company had revenue of $3.90 billion for the quarter. AECOM had a net margin of 0.42% and a return on equity of 21.45%. During the same quarter in the previous year, the firm earned $0.86 earnings per share. On average, analysts forecast that AECOM will post 4.43 EPS for the current year.

AECOM Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Wednesday, April 24th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date of this dividend is Tuesday, April 23rd. AECOM's dividend payout ratio (DPR) is 195.56%.

Institutional Investors Weigh In On AECOM

Several large investors have recently added to or reduced their stakes in ACM. Ables Iannone Moore & Associates Inc. purchased a new stake in AECOM during the 4th quarter worth approximately $28,000. Creekmur Asset Management LLC purchased a new stake in AECOM during the 4th quarter worth approximately $28,000. Rise Advisors LLC purchased a new stake in AECOM during the 1st quarter worth approximately $31,000. GAMMA Investing LLC purchased a new stake in AECOM during the 4th quarter worth approximately $35,000. Finally, Manchester Capital Management LLC purchased a new stake in AECOM during the 3rd quarter worth approximately $38,000. 85.41% of the stock is owned by hedge funds and other institutional investors.

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.