AECOM (NYSE:ACM) Receives $119.13 Average Price Target from Analysts

Shares of AECOM (NYSE:ACM) have been assigned an average recommendation of “Buy” from the eight brokerages that are covering the stock, MarketBeat.com reports. Eight analysts have rated the stock with a buy recommendation. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $118.50.

A number of research analysts have issued reports on ACM shares. StockNews.com raised AECOM from a “hold” rating to a “buy” rating in a research note on Sunday, October 27th. Robert W. Baird decreased their target price on shares of AECOM from $125.00 to $117.00 and set an “outperform” rating for the company in a research report on Tuesday. The Goldman Sachs Group started coverage on shares of AECOM in a research note on Friday, November 22nd. They issued a “buy” rating and a $130.00 price target for the company. Citigroup lowered their price objective on shares of AECOM from $128.00 to $127.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. Finally, KeyCorp cut their target price on AECOM from $122.00 to $121.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th.

Hedge Funds Weigh In On AECOM

Hedge funds and other institutional investors have recently modified their holdings of the stock. Principal Securities Inc. raised its stake in AECOM by 95.9% during the 4th quarter. Principal Securities Inc. now owns 237 shares of the construction company’s stock valued at $25,000 after purchasing an additional 116 shares during the period. Allworth Financial LP grew its holdings in shares of AECOM by 390.6% during the fourth quarter. Allworth Financial LP now owns 260 shares of the construction company’s stock valued at $29,000 after buying an additional 207 shares in the last quarter. Private Trust Co. NA acquired a new position in AECOM during the third quarter valued at $30,000. True Wealth Design LLC lifted its stake in AECOM by 4,242.9% in the 3rd quarter. True Wealth Design LLC now owns 304 shares of the construction company’s stock worth $31,000 after acquiring an additional 297 shares in the last quarter. Finally, National Pension Service acquired a new stake in AECOM during the 4th quarter worth about $32,000. Institutional investors and hedge funds own 85.41% of the company’s stock.

AECOM Price Performance

Shares of ACM stock opened at $105.07 on Monday. The firm has a fifty day moving average of $109.11 and a two-hundred day moving average of $104.20. The firm has a market cap of $13.94 billion, a P/E ratio of 35.50, a P/E/G ratio of 1.80 and a beta of 1.19. AECOM has a 1-year low of $82.23 and a 1-year high of $118.56. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.13 and a quick ratio of 1.13.

AECOM (NYSE:ACM) last posted its quarterly earnings results on Monday, February 3rd. The construction company reported $1.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.21. AECOM had a net margin of 2.50% and a return on equity of 25.46%. As a group, research analysts anticipate that AECOM will post 5.08 earnings per share for the current fiscal year.

AECOM Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Thursday, January 2nd were given a $0.26 dividend. This is a positive change from AECOM’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $1.04 annualized dividend and a yield of 0.99%. AECOM’s payout ratio is 35.14%.

AECOM announced that its Board of Directors has approved a share repurchase plan on Monday, November 18th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the construction company to reacquire up to 6.8% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board believes its shares are undervalued.

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.