Citigroup Raises AECOM (NYSE:ACM) Price Target to $128.00

AECOM (NYSE:ACM) had its price objective increased by Citigroup from $110.00 to $128.00 in a report released on Tuesday, Benzinga reports. They currently have a buy rating on the construction company’s stock.

ACM has been the subject of several other reports. KeyCorp upped their target price on shares of AECOM from $99.00 to $115.00 and gave the company an “overweight” rating in a research note on Monday, October 7th. Royal Bank of Canada upped their target price on shares of AECOM from $112.00 to $113.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Truist Financial upped their target price on shares of AECOM from $108.00 to $119.00 and gave the company a “buy” rating in a research note on Friday, October 4th. Robert W. Baird upped their target price 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. Finally, Barclays upped their target price 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. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $112.29.

AECOM Price Performance

Shares of AECOM stock opened at $104.89 on Tuesday. The firm has a fifty day simple moving average of $101.06 and a 200-day simple moving average of $93.95. 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 has a 1-year low of $74.40 and a 1-year high of $108.26. The stock has a market capitalization of $14.28 billion, a price-to-earnings ratio of -1,165.44, a PEG ratio of 1.58 and a beta of 1.17.

AECOM (NYSE:ACM) last issued its quarterly earnings data on Monday, August 5th. The construction company reported $1.16 earnings per share 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 business had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $1.85 billion. During the same period in the previous year, the company earned $0.94 earnings per share. AECOM’s revenue for the quarter was up 13.3% on a year-over-year basis. On average, sell-side analysts expect that AECOM will post 4.46 earnings per share for the current year.

AECOM Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Wednesday, October 2nd were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 0.84%. The ex-dividend date of this dividend was Wednesday, October 2nd. AECOM’s dividend payout ratio (DPR) is presently -977.78%.

Institutional Investors Weigh In On AECOM

Several institutional investors and hedge funds have recently bought and sold shares of the business. CreativeOne Wealth LLC increased its holdings in AECOM by 3.4% in the 1st quarter. CreativeOne Wealth LLC now owns 3,423 shares of the construction company’s stock valued at $336,000 after buying an additional 114 shares during the period. Fifth Third Bancorp grew its holdings in shares of AECOM by 6.7% in the 2nd quarter. Fifth Third Bancorp now owns 1,808 shares of the construction company’s stock worth $159,000 after purchasing an additional 114 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of AECOM by 4.7% in the 2nd quarter. Assenagon Asset Management S.A. now owns 3,102 shares of the construction company’s stock worth $273,000 after purchasing an additional 138 shares during the last quarter. Nilsine Partners LLC grew its holdings in shares of AECOM by 1.1% in the 2nd quarter. Nilsine Partners LLC now owns 13,981 shares of the construction company’s stock worth $1,232,000 after purchasing an additional 152 shares during the last quarter. Finally, Ballentine Partners LLC grew its holdings in shares of AECOM by 4.1% in the 3rd quarter. Ballentine Partners LLC now owns 3,992 shares of the construction company’s stock worth $412,000 after purchasing an additional 158 shares during the last quarter. 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.