AECOM (NYSE:ACM) Receives Average Recommendation of “Buy” from Brokerages

AECOM (NYSE:ACMGet Rating) has earned a consensus rating of “Buy” from the ten ratings firms that are currently covering the firm, reports. Two equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is $85.44.

ACM has been the topic of a number of research reports. Robert W. Baird dropped their target price on shares of AECOM from $88.00 to $81.00 in a report on Tuesday. Royal Bank of Canada initiated coverage on shares of AECOM in a report on Wednesday, April 27th. They set an “outperform” rating and a $91.00 target price on the stock. Argus increased their price objective on shares of AECOM from $80.00 to $82.00 in a report on Tuesday, February 15th. Finally, raised shares of AECOM from a “hold” rating to a “buy” rating in a report on Sunday.

A number of institutional investors and hedge funds have recently made changes to their positions in ACM. Signaturefd LLC grew its position in AECOM by 107.6% in the 1st quarter. Signaturefd LLC now owns 355 shares of the construction company’s stock valued at $27,000 after buying an additional 184 shares in the last quarter. Counterpoint Mutual Funds LLC bought a new position in AECOM in the 4th quarter valued at about $29,000. Steward Financial Group LLC bought a new position in AECOM in the 1st quarter valued at about $34,000. Nauset Wealth Management. LLC bought a new position in AECOM in the 1st quarter valued at about $35,000. Finally, CWM LLC bought a new position in shares of AECOM during the 4th quarter valued at about $37,000. Hedge funds and other institutional investors own 86.15% of the company’s stock.

ACM opened at $65.76 on Tuesday. The stock has a market capitalization of $9.29 billion, a PE ratio of 45.99, a P/E/G ratio of 1.07 and a beta of 1.44. The firm’s fifty day moving average price is $74.85 and its 200 day moving average price is $73.16. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.08 and a quick ratio of 1.08. AECOM has a 12-month low of $58.36 and a 12-month high of $79.97.

AECOM (NYSE:ACMGet Rating) last issued its earnings results on Monday, May 9th. The construction company reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.05. The company had revenue of $3.21 billion for the quarter, compared to analysts’ expectations of $3.39 billion. AECOM had a net margin of 1.57% and a return on equity of 16.26%. The firm’s revenue was down 1.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.67 earnings per share. On average, equities research analysts forecast that AECOM will post 3.4 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, April 22nd. Investors of record on Wednesday, April 6th were given a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, April 5th. This represents a $0.60 dividend on an annualized basis and a yield of 0.91%. AECOM’s dividend payout ratio is presently 41.96%.

AECOM Company Profile (Get Rating)

AECOM, together with its subsidiaries, provides professional infrastructure consulting services for governments, businesses, and organizations in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates through 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 commercial and government clients.

Further Reading

Analyst Recommendations for AECOM (NYSE:ACM)

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