AECOM (NYSE:ACM) Price Target Increased to $116.00 by Analysts at Citigroup

AECOM (NYSE:ACM) had its price target upped by Citigroup from $107.00 to $116.00 in a research report report published on Monday, Benzinga reports. They currently have a buy rating on the construction company’s stock.

Several other research firms have also recently weighed in on ACM. KeyCorp boosted their price objective on shares of AECOM from $104.00 to $105.00 and gave the stock an overweight rating in a research report on Friday. TheStreet upgraded shares of AECOM from a c+ rating to a b rating in a research report on Monday, February 5th. Robert W. Baird boosted their price objective on shares of AECOM from $100.00 to $103.00 and gave the stock an outperform rating in a research report on Tuesday, February 6th. Truist Financial initiated coverage on shares of AECOM in a research report on Thursday, March 14th. They set a buy rating and a $106.00 target price for the company. Finally, Royal Bank of Canada reiterated an outperform rating and set a $109.00 target price on shares of AECOM in a research report on Wednesday, February 7th. Eight research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of Buy and an average target price of $105.43.

AECOM Stock Performance

ACM stock opened at $92.65 on Monday. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.05 and a quick ratio of 1.05. The company has a 50 day moving average price of $92.86 and a 200 day moving average price of $88.81. AECOM has a fifty-two week low of $74.40 and a fifty-two week high of $98.72. The stock has a market capitalization of $12.60 billion, a PE ratio of 205.89, a price-to-earnings-growth ratio of 1.39 and a beta of 1.24.

AECOM (NYSE:ACM) last posted its quarterly earnings data on Tuesday, February 6th. The construction company reported $1.05 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.13. AECOM had a net margin of 0.42% and a return on equity of 21.45%. The firm had revenue of $3.90 billion during the quarter. During the same quarter last year, the firm earned $0.86 EPS. Analysts forecast that AECOM will post 4.43 EPS for the current year.

AECOM Dividend Announcement

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

Hedge Funds Weigh In On AECOM

Institutional investors and hedge funds have recently made changes to their positions in the company. Ables Iannone Moore & Associates Inc. acquired a new position in shares of AECOM in the 4th quarter valued at $28,000. Creekmur Asset Management LLC acquired a new position in shares of AECOM in the 4th quarter valued at $28,000. Rise Advisors LLC acquired a new position in shares of AECOM in the 1st quarter valued at $31,000. GAMMA Investing LLC acquired a new position in shares of AECOM in the 4th quarter valued at $35,000. Finally, Manchester Capital Management LLC acquired a new position in shares of AECOM in the 3rd quarter valued at $38,000. Institutional investors and hedge funds own 85.41% of the company’s stock.

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.