AECOM (NYSE:ACM) Receives $97.43 Average Target Price from Analysts

AECOM (NYSE:ACM) has been given an average recommendation of “Buy” by the six analysts that are presently covering the company, MarketBeat.com reports. Six research analysts have rated the stock with a buy recommendation. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $97.43.

Several equities research analysts recently weighed in on ACM shares. StockNews.com lowered AECOM from a “buy” rating to a “hold” rating in a research report on Friday, October 27th. Citigroup dropped their target price on AECOM from $105.00 to $93.00 and set a “buy” rating on the stock in a report on Monday, October 23rd. Finally, Credit Suisse Group dropped their target price on AECOM from $101.00 to $99.00 and set an “outperform” rating on the stock in a report on Wednesday, August 9th.

AECOM Trading Up 0.2 %

NYSE ACM opened at $80.45 on Friday. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.82. AECOM has a twelve month low of $74.40 and a twelve month high of $92.16. The firm has a market capitalization of $11.16 billion, a PE ratio of 83.80, a P/E/G ratio of 1.69 and a beta of 1.30. The stock’s 50 day moving average is $81.03 and its 200 day moving average is $83.33.

AECOM (NYSE:ACM) last released its quarterly earnings results on Monday, November 13th. The construction company reported $1.01 earnings per share for the quarter, meeting the consensus estimate of $1.01. AECOM had a return on equity of 19.02% and a net margin of 0.97%. The company had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.70 billion. During the same period in the previous year, the company posted $0.89 earnings per share. The firm’s revenue was down 49.6% on a year-over-year basis. Research analysts forecast that AECOM will post 3.71 earnings per share for the current fiscal year.

AECOM Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 19th. Stockholders of record on Monday, December 4th will be issued a dividend of $0.22 per share. This is an increase from AECOM’s previous quarterly dividend of $0.18. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.09%. AECOM’s dividend payout ratio is presently 75.00%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Capital Advisors Ltd. LLC increased its position in AECOM by 3,000.0% during the second quarter. Capital Advisors Ltd. LLC now owns 310 shares of the construction company’s stock valued at $26,000 after acquiring an additional 300 shares during the last quarter. Point72 Hong Kong Ltd purchased a new stake in AECOM during the first quarter valued at $25,000. Janiczek Wealth Management LLC purchased a new stake in AECOM during the third quarter valued at $28,000. Bessemer Group Inc. increased its position in AECOM by 96.3% during the first quarter. Bessemer Group Inc. now owns 371 shares of the construction company’s stock valued at $32,000 after acquiring an additional 182 shares during the last quarter. Finally, Manchester Capital Management LLC purchased a new stake in AECOM during the third quarter valued at $38,000. 84.79% of the stock is owned by 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 commercial and government clients.