Analysts Set AECOM (NYSE:ACM) Price Target at $103.38

Shares of AECOM (NYSE:ACM) have been given an average rating of “Buy” by the eight brokerages that are currently covering the firm, MarketBeat Ratings reports. Eight investment analysts have rated the stock with a buy recommendation. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $101.88.

ACM has been the topic of a number of recent analyst reports. Truist Financial dropped their price target on shares of AECOM from $113.00 to $107.00 and set a “buy” rating on the stock in a research report on Tuesday, July 2nd. UBS Group raised their price objective on shares of AECOM from $105.00 to $106.00 and gave the stock a “buy” rating in a report on Thursday, May 23rd. Robert W. Baird decreased their price objective on shares of AECOM from $110.00 to $96.00 and set an “outperform” rating for the company in a report on Monday, July 8th. Citigroup decreased their price objective on shares of AECOM from $116.00 to $104.00 and set a “buy” rating for the company in a report on Monday. Finally, KeyCorp decreased their price objective on shares of AECOM from $105.00 to $94.00 and set an “overweight” rating for the company in a report on Wednesday, July 17th.

AECOM Stock Up 1.2 %

ACM opened at $90.21 on Thursday. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.06 and a quick ratio of 1.06. The company’s 50-day moving average is $87.74 and its 200 day moving average is $90.37. AECOM has a fifty-two week low of $74.40 and a fifty-two week high of $98.72. The firm has a market capitalization of $12.28 billion, a P/E ratio of -1,005.33, a PEG ratio of 1.26 and a beta of 1.17.

AECOM (NYSE:ACM) last released its quarterly earnings results on Monday, May 6th. The construction company reported $1.04 earnings per share for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.01). AECOM had a negative net margin of 0.09% and a positive return on equity of 22.73%. The firm had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $1.80 billion. During the same period in the previous year, the business earned $0.92 earnings per share. The firm’s revenue for the quarter was up 13.0% on a year-over-year basis. Research analysts expect that AECOM will post 4.47 earnings per share for the current fiscal year.

AECOM Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 19th. Stockholders of record on Wednesday, July 3rd were given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 0.98%. The ex-dividend date of this dividend was Wednesday, July 3rd. AECOM’s dividend payout ratio (DPR) is currently -977.67%.

Insider Activity

In other news, Director Douglas Stotlar sold 7,179 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $93.51, for a total value of $671,308.29. Following the sale, the director now owns 34,667 shares of the company’s stock, valued at $3,241,711.17. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.42% of the company’s stock.

Institutional Trading of AECOM

Hedge funds and other institutional investors have recently bought and sold shares of the company. EntryPoint Capital LLC bought a new stake in AECOM during the 1st quarter worth approximately $25,000. Ables Iannone Moore & Associates Inc. bought a new stake in AECOM during the 4th quarter worth approximately $28,000. Creekmur Asset Management LLC bought a new stake in AECOM during the 4th quarter worth approximately $28,000. Rise Advisors LLC bought a new stake in AECOM during the 1st quarter worth approximately $31,000. Finally, GAMMA Investing LLC bought a new stake in AECOM during the 4th quarter worth approximately $35,000. Institutional investors 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.