AECOM (NYSE:ACM) Given New $128.00 Price Target at Citigroup

AECOM (NYSE:ACM) had its price target raised by Citigroup from $110.00 to $128.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm currently has a buy rating on the construction company’s stock.

ACM has been the subject of several other research reports. Truist Financial increased their price objective on AECOM from $108.00 to $119.00 and gave the stock a “buy” rating in a report on Friday, October 4th. KeyCorp raised their price target on shares of AECOM from $99.00 to $115.00 and gave the company an “overweight” rating in a report on Monday, October 7th. Robert W. Baird increased 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. StockNews.com downgraded AECOM from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Royal Bank of Canada raised their price objective on AECOM from $112.00 to $113.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $112.29.

AECOM Stock Down 1.0 %

AECOM stock opened at $106.39 on Tuesday. AECOM has a twelve month low of $74.40 and a twelve month high of $108.26. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.13 and a current ratio of 1.13. The firm has a market cap of $14.48 billion, a PE ratio of -1,182.11, a P/E/G ratio of 1.58 and a beta of 1.17. The firm’s 50 day moving average price is $100.69 and its two-hundred day moving average price is $93.79.

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

AECOM Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Wednesday, October 2nd were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 0.83%. The ex-dividend date was Wednesday, October 2nd. AECOM’s dividend payout ratio (DPR) is presently -977.78%.

Hedge Funds Weigh In On AECOM

Hedge funds and other institutional investors have recently made changes to their positions in the business. EntryPoint Capital LLC acquired a new position in AECOM in the first quarter worth about $25,000. Family Firm Inc. bought a new stake in shares of AECOM in the 2nd quarter valued at approximately $31,000. UMB Bank n.a. raised its holdings 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 worth $40,000 after buying an additional 257 shares in the last quarter. Kathleen S. Wright Associates Inc. bought a new position in shares of AECOM during the 3rd quarter worth approximately $50,000. Finally, Versant Capital Management Inc boosted its stake in 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 buying an additional 525 shares in the last quarter. 85.41% 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 public and private clients.