AECOM (NYSE:ACM) Sets New 12-Month High After Analyst Upgrade

AECOM (NYSE:ACM)’s share price reached a new 52-week high during mid-day trading on Monday after KeyCorp raised their price target on the stock from $99.00 to $115.00. KeyCorp currently has an overweight rating on the stock. AECOM traded as high as $105.16 and last traded at $105.16, with a volume of 75158 shares. The stock had previously closed at $103.74.

Other equities research analysts have also issued research reports about the stock. Robert W. Baird upped their price objective on shares of AECOM from $96.00 to $100.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Truist Financial upped their price objective on shares of AECOM from $108.00 to $119.00 and gave the company a “buy” rating in a report on Friday. Royal Bank of Canada upped their price objective on shares of AECOM from $112.00 to $113.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Citigroup dropped their price objective on shares of AECOM from $116.00 to $104.00 and set a “buy” rating for the company in a report on Monday, July 22nd. Finally, Barclays upped their price objective on shares of AECOM from $100.00 to $105.00 and gave the company an “overweight” rating in a report on Thursday, August 8th. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat.com, AECOM presently has a consensus rating of “Buy” and an average target price of $108.86.

Institutional Trading of AECOM

Hedge funds have recently made changes to their positions in the business. EntryPoint Capital LLC acquired a new stake in shares of AECOM during the first quarter worth about $25,000. Ables Iannone Moore & Associates Inc. acquired a new stake in AECOM in the fourth quarter valued at approximately $28,000. Creekmur Asset Management LLC acquired a new stake in AECOM in the fourth quarter valued at approximately $28,000. Rise Advisors LLC acquired a new stake in AECOM in the first quarter valued at approximately $31,000. Finally, Family Firm Inc. acquired a new stake in AECOM in the second quarter valued at approximately $31,000. Institutional investors and hedge funds own 85.41% of the company’s stock.

AECOM Trading Up 1.4 %

The company’s fifty day moving average is $97.56 and its two-hundred day moving average is $93.10. The stock has a market cap of $14.32 billion, a price-to-earnings ratio of -1,169.00, a PEG ratio of 1.70 and a beta of 1.17. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.98.

AECOM (NYSE:ACM) last issued its earnings results on Monday, August 5th. The construction company reported $1.16 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.04. The firm had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $1.85 billion. AECOM had a net margin of 1.61% and a return on equity of 24.14%. The firm’s revenue was up 13.3% compared to the same quarter last year. During the same quarter last year, the company earned $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 company also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Investors 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 annualized dividend and a yield of 0.84%. AECOM’s dividend payout ratio (DPR) is -977.78%.

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.