AECOM (NYSE:ACM) PT Raised to $119.00

AECOM (NYSE:ACM) had its price objective raised by Truist Financial from $108.00 to $119.00 in a research report released on Friday, Benzinga reports. The brokerage currently has a buy rating on the construction company’s stock.

Several other brokerages also recently commented on ACM. KeyCorp boosted their price objective on shares of AECOM from $94.00 to $99.00 and gave the company an overweight rating in a research report on Wednesday, August 7th. Robert W. Baird lifted their price target on shares of AECOM from $96.00 to $100.00 and gave the company an outperform rating in a research note on Wednesday, August 7th. Royal Bank of Canada boosted their price objective on AECOM from $112.00 to $113.00 and gave the company an outperform rating in a report on Wednesday, August 7th. Citigroup cut their target price on AECOM from $116.00 to $104.00 and set a buy rating on the stock in a report on Monday, July 22nd. Finally, Barclays boosted their price target on shares of AECOM from $100.00 to $105.00 and gave the company an overweight rating in a research note on Thursday, August 8th. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, AECOM has a consensus rating of Buy and a consensus target price of $108.86.

AECOM Stock Up 1.4 %

Shares of ACM stock opened at $105.21 on Friday. AECOM has a one year low of $74.40 and a one year high of $105.64. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.13 and a quick ratio of 1.13. The stock has a fifty day moving average price of $97.56 and a 200 day moving average price of $93.10. The stock has a market cap of $14.32 billion, a P/E ratio of -1,169.00, a price-to-earnings-growth ratio of 1.70 and a beta of 1.17.

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 company had revenue of $4.15 billion for the quarter, compared to analyst estimates of $1.85 billion. During the same period in the prior year, the business earned $0.94 earnings per share. AECOM’s quarterly revenue was up 13.3% on a year-over-year basis. Analysts predict that AECOM will post 4.46 earnings per share for the current year.

AECOM Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Wednesday, October 2nd will be issued a $0.22 dividend. The ex-dividend date 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 is currently -977.78%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. EntryPoint Capital LLC purchased a new stake in shares of AECOM during the first quarter worth $25,000. Ables Iannone Moore & Associates Inc. purchased a new stake in shares of AECOM in the fourth quarter valued at approximately $28,000. Creekmur Asset Management LLC acquired a new stake in shares of AECOM in the fourth quarter valued at approximately $28,000. Rise Advisors LLC acquired a new stake in shares of AECOM in the first quarter valued at approximately $31,000. Finally, Family Firm Inc. purchased a new position in AECOM during the second quarter worth approximately $31,000. 85.41% of the stock is currently owned by hedge funds and other 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.