AECOM (NYSE:ACM) PT Raised to $115.00

AECOM (NYSE:ACM) had its target price raised by KeyCorp from $99.00 to $115.00 in a report published on Monday morning, Benzinga reports. KeyCorp currently has an overweight rating on the construction company’s stock.

ACM has been the topic of a number of other research reports. Citigroup cut their target price on AECOM from $116.00 to $104.00 and set a buy rating on the stock in a research note on Monday, July 22nd. Barclays upped their price target on AECOM from $100.00 to $105.00 and gave the company an overweight rating in a research report on Thursday, August 8th. Robert W. Baird raised their price objective on shares of AECOM from $96.00 to $100.00 and gave the company an outperform rating in a research report on Wednesday, August 7th. Royal Bank of Canada upped their target price on shares of AECOM from $112.00 to $113.00 and gave the stock an outperform rating in a report on Wednesday, August 7th. Finally, Truist Financial raised their price target on shares of AECOM from $108.00 to $119.00 and gave the company a buy rating in a report on Friday, October 4th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of Moderate Buy and an average target price of $108.86.

AECOM Trading Down 0.8 %

NYSE:ACM opened at $104.15 on Monday. AECOM has a 12 month low of $74.40 and a 12 month high of $106.00. The stock has a market capitalization of $14.18 billion, a price-to-earnings ratio of -1,157.22, a PEG ratio of 1.70 and a beta of 1.17. The firm has a fifty day simple moving average of $98.41 and a two-hundred day simple moving average of $93.31. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.98.

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

AECOM Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Wednesday, October 2nd will be paid a $0.22 dividend. The ex-dividend date of this dividend is Wednesday, October 2nd. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.84%. AECOM’s dividend payout ratio (DPR) is -977.78%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of ACM. Ritholtz Wealth Management purchased a new stake in AECOM in the 3rd quarter worth approximately $213,000. Gateway Investment Advisers LLC purchased a new position in AECOM during the third quarter valued at $203,000. UMB Bank n.a. increased its stake in AECOM by 196.2% during the 3rd quarter. UMB Bank n.a. now owns 388 shares of the construction company’s stock valued at $40,000 after purchasing an additional 257 shares in the last quarter. CWM LLC raised its holdings in AECOM by 137.6% in the third quarter. CWM LLC now owns 9,275 shares of the construction company’s stock worth $958,000 after buying an additional 5,372 shares during the last quarter. Finally, Brookstone Capital Management bought a new position in shares of AECOM in the third quarter worth approximately $205,000. Hedge funds and other 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.