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

AECOM (NYSE:ACM) has received an average recommendation of “Buy” from the eight analysts that are presently covering the stock, MarketBeat.com reports. Eight analysts have rated the stock with a buy rating. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $119.00.

Several brokerages have recently weighed in on ACM. Truist Financial decreased their price objective on AECOM from $129.00 to $121.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. Robert W. Baird lifted their price target on shares of AECOM from $108.00 to $118.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 6th. Royal Bank of Canada increased their price objective on shares of AECOM from $123.00 to $126.00 and gave the company an “outperform” rating in a research note on Wednesday, May 7th. Citigroup raised their price objective on shares of AECOM from $116.00 to $122.00 and gave the stock a “buy” rating in a report on Wednesday, May 7th. Finally, Barclays lifted their target price on shares of AECOM from $105.00 to $120.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th.

AECOM Stock Performance

NYSE ACM opened at $108.82 on Wednesday. The company’s fifty day moving average is $97.23 and its two-hundred day moving average is $103.55. AECOM has a 52-week low of $82.23 and a 52-week high of $118.56. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.14 and a quick ratio of 1.14. The firm has a market capitalization of $14.40 billion, a price-to-earnings ratio of 30.91, a P/E/G ratio of 1.63 and a beta of 0.96.

AECOM (NYSE:ACM) last released its earnings results on Monday, May 5th. The construction company reported $1.25 earnings per share for the quarter, beating the consensus estimate of $1.15 by $0.10. AECOM had a net margin of 2.93% and a return on equity of 26.84%. The business had revenue of $3.77 billion during the quarter, compared to analysts’ expectations of $4.18 billion. During the same quarter last year, the company earned $1.04 earnings per share. The firm’s revenue was up 2.6% on a year-over-year basis. Equities research analysts forecast that AECOM will post 5.1 EPS for the current year.

AECOM Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Wednesday, April 2nd were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.96%. The ex-dividend date was Wednesday, April 2nd. AECOM’s payout ratio is 22.66%.

Hedge Funds Weigh In On AECOM

Institutional investors have recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC increased its holdings in shares of AECOM by 1.4% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 7,830 shares of the construction company’s stock worth $809,000 after buying an additional 109 shares in the last quarter. Fiduciary Alliance LLC bought a new stake in AECOM during the 4th quarter worth approximately $655,000. Fifth Third Wealth Advisors LLC increased its holdings in AECOM by 10.4% during the 4th quarter. Fifth Third Wealth Advisors LLC now owns 4,093 shares of the construction company’s stock valued at $437,000 after purchasing an additional 385 shares in the last quarter. Park Avenue Securities LLC increased its holdings in AECOM by 176.9% during the 4th quarter. Park Avenue Securities LLC now owns 7,239 shares of the construction company’s stock valued at $773,000 after purchasing an additional 4,625 shares in the last quarter. Finally, HB Wealth Management LLC raised its position in AECOM by 41.1% in the 4th quarter. HB Wealth Management LLC now owns 4,732 shares of the construction company’s stock valued at $505,000 after purchasing an additional 1,379 shares during the last quarter. 85.41% of the stock is owned by institutional investors.

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.