AECOM (NYSE:ACM) Given Consensus Recommendation of “Buy” by Brokerages

Shares of AECOM (NYSE:ACM) have received an average rating of “Buy” from the seven brokerages that are currently covering the company, Marketbeat.com reports. Seven equities research analysts have rated the stock with a buy recommendation. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $105.43.

ACM has been the subject of several analyst reports. Robert W. Baird raised their target price on AECOM from $100.00 to $103.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 6th. Barclays upped their target price on AECOM from $90.00 to $100.00 and gave the company an “overweight” rating in a report on Tuesday, February 13th. KeyCorp lifted their target price on shares of AECOM from $104.00 to $105.00 and gave the stock an “overweight” rating in a research note on Friday, April 19th. TheStreet upgraded AECOM from a “c+” rating to a “b” rating in a report on Monday, February 5th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $109.00 target price on shares of AECOM in a research note on Wednesday, February 7th.

Hedge Funds Weigh In On AECOM

Several large investors have recently bought and sold shares of the stock. AE Wealth Management LLC increased its position in shares of AECOM by 10.2% during the third quarter. AE Wealth Management LLC now owns 2,624 shares of the construction company’s stock valued at $218,000 after acquiring an additional 242 shares during the last quarter. SG Americas Securities LLC purchased a new position in AECOM in the third quarter valued at about $352,000. Commonwealth Equity Services LLC grew its position in shares of AECOM by 26.2% during the 3rd quarter. Commonwealth Equity Services LLC now owns 52,777 shares of the construction company’s stock valued at $4,383,000 after acquiring an additional 10,969 shares during the period. GW Henssler & Associates Ltd. bought a new stake in shares of AECOM in the 3rd quarter worth approximately $202,000. Finally, Forsta AP Fonden lifted its stake in AECOM by 3.1% in the third quarter. Forsta AP Fonden now owns 33,000 shares of the construction company’s stock valued at $2,740,000 after purchasing an additional 1,000 shares during the last quarter. 85.41% of the stock is currently owned by institutional investors.

AECOM Trading Up 0.5 %

Shares of ACM stock opened at $94.72 on Friday. AECOM has a twelve month low of $74.40 and a twelve month high of $98.72. The stock’s fifty day simple moving average is $93.69 and its 200 day simple moving average is $89.43. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.87. The firm has a market capitalization of $12.88 billion, a P/E ratio of 210.49, a P/E/G ratio of 1.39 and a beta of 1.23.

AECOM (NYSE:ACM) last issued its quarterly earnings data on Tuesday, February 6th. The construction company reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.13. AECOM had a net margin of 0.42% and a return on equity of 21.45%. The business had revenue of $3.90 billion during the quarter. During the same quarter last year, the business earned $0.86 EPS. As a group, sell-side analysts predict that AECOM will post 4.43 EPS for the current fiscal year.

AECOM Announces Dividend

The business also recently disclosed 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 annualized dividend and a dividend yield of 0.93%. The ex-dividend date of this dividend is Tuesday, April 23rd. AECOM’s dividend payout ratio (DPR) is presently 195.56%.

About AECOM

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.