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

AECOM (NYSE:ACM) has been assigned a consensus recommendation of “Buy” from the seven research firms that are covering the firm, Marketbeat.com reports. Seven analysts have rated the stock with a buy recommendation. The average twelve-month price target among brokers that have covered the stock in the last year is $112.29.

A number of analysts recently issued reports on the stock. Robert W. Baird raised their target price on shares of AECOM from $96.00 to $100.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Royal Bank of Canada raised their target price on shares of AECOM from $112.00 to $113.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. StockNews.com raised shares of AECOM from a “hold” rating to a “buy” rating in a research note on Sunday. Citigroup increased their price target on shares of AECOM from $110.00 to $128.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Finally, KeyCorp increased their price target on shares of AECOM from $99.00 to $115.00 and gave the stock an “overweight” rating in a research note on Monday, October 7th.

AECOM Stock Down 1.0 %

ACM stock opened at $107.33 on Friday. The company’s 50 day simple moving average is $101.63 and its 200-day simple moving average is $94.16. The firm has a market capitalization of $14.61 billion, a PE ratio of -1,192.56, a P/E/G ratio of 1.58 and a beta of 1.17. AECOM has a 12 month low of $75.19 and a 12 month high of $109.98. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.13 and a quick ratio of 1.13.

AECOM (NYSE:ACM) last announced its earnings results on Monday, August 5th. The construction company reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.04. AECOM had a net margin of 1.61% and a return on equity of 24.14%. The firm had revenue of $4.15 billion for the quarter, compared to analyst estimates of $1.85 billion. During the same quarter last year, the business earned $0.94 earnings per share. AECOM’s revenue was up 13.3% compared to the same quarter last year. Equities analysts expect that AECOM will post 4.46 earnings per share for the current fiscal year.

AECOM Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Wednesday, October 2nd were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date of this dividend was Wednesday, October 2nd. AECOM’s dividend payout ratio is presently -977.78%.

Hedge Funds Weigh In On AECOM

A number of hedge funds have recently made changes to their positions in ACM. EntryPoint Capital LLC purchased a new position in shares of AECOM in the 1st quarter valued at $25,000. Family Firm Inc. purchased a new position in shares of AECOM in the 2nd quarter valued at $31,000. UMB Bank n.a. raised its stake in shares of AECOM by 196.2% in the 3rd quarter. UMB Bank n.a. now owns 388 shares of the construction company’s stock valued at $40,000 after acquiring an additional 257 shares during the period. Versant Capital Management Inc raised its stake in shares of AECOM by 4,375.0% in the 2nd quarter. Versant Capital Management Inc now owns 537 shares of the construction company’s stock valued at $47,000 after acquiring an additional 525 shares during the period. Finally, Kathleen S. Wright Associates Inc. acquired a new stake in AECOM during the 3rd quarter valued at $50,000. Hedge funds and other institutional investors own 85.41% of the company’s stock.

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 public and private clients.