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

AECOM (NYSE:ACM) has earned a consensus recommendation of “Buy” from the eight brokerages that are presently covering the company, MarketBeat Ratings reports. Eight analysts have rated the stock with a buy rating. The average 12-month price target among brokers that have covered the stock in the last year is $120.38.

A number of brokerages have commented on ACM. KeyCorp decreased their target price on AECOM from $122.00 to $121.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. Citigroup lowered their price objective on AECOM from $128.00 to $127.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Truist Financial raised their target price on AECOM from $119.00 to $129.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. The Goldman Sachs Group initiated coverage on shares of AECOM in a research report on Friday, November 22nd. They set a “buy” rating and a $130.00 price target for the company. Finally, Robert W. Baird cut their price objective on shares of AECOM from $125.00 to $117.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 4th.

AECOM Stock Performance

ACM stock opened at $107.14 on Monday. The stock’s 50 day simple moving average is $108.74 and its 200 day simple moving average is $104.57. AECOM has a 12-month low of $82.23 and a 12-month high of $118.56. The firm has a market cap of $14.21 billion, a P/E ratio of 30.44, a P/E/G ratio of 1.81 and a beta of 1.19. The company has a current ratio of 1.14, a quick ratio of 1.13 and a debt-to-equity ratio of 1.02.

AECOM (NYSE:ACM) last issued its earnings results on Monday, February 3rd. The construction company reported $1.31 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.21. AECOM had a net margin of 2.93% and a return on equity of 26.84%. As a group, equities research analysts predict that AECOM will post 5.1 EPS for the current year.

AECOM Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Thursday, January 2nd were given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date was Thursday, January 2nd. This is a positive change from AECOM’s previous quarterly dividend of $0.22. AECOM’s dividend payout ratio is currently 29.55%.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. International Assets Investment Management LLC bought a new stake in AECOM during the third quarter worth approximately $42,201,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of AECOM by 17.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,989,238 shares of the construction company’s stock valued at $205,429,000 after purchasing an additional 289,513 shares during the period. National Bank of Canada FI raised its stake in shares of AECOM by 1,847.8% in the 3rd quarter. National Bank of Canada FI now owns 274,857 shares of the construction company’s stock worth $28,384,000 after buying an additional 260,746 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of AECOM by 40.1% in the third quarter. JPMorgan Chase & Co. now owns 768,266 shares of the construction company’s stock valued at $79,339,000 after buying an additional 220,035 shares during the period. Finally, Verition Fund Management LLC boosted its stake in AECOM by 293.7% during the third quarter. Verition Fund Management LLC now owns 180,602 shares of the construction company’s stock valued at $18,651,000 after buying an additional 134,730 shares in the last quarter. 85.41% of the stock is currently owned by institutional investors.

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.