Robert W. Baird Issues Positive Forecast for AECOM (NYSE:ACM) Stock Price

AECOM (NYSE:ACM) had its price objective lifted by Robert W. Baird from $108.00 to $118.00 in a research report report published on Tuesday,Benzinga reports. Robert W. Baird currently has an outperform rating on the construction company’s stock.

Several other analysts have also recently weighed in on the company. Citigroup dropped their price objective on AECOM from $127.00 to $116.00 and set a “buy” rating for the company in a report on Friday, April 25th. Barclays increased their price objective on shares of AECOM from $105.00 to $120.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. KeyCorp lowered their target price on shares of AECOM from $121.00 to $109.00 and set an “overweight” rating for the company in a report on Wednesday, April 16th. Finally, Truist Financial cut their price target on AECOM from $129.00 to $121.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $116.63.

AECOM Price Performance

Shares of AECOM stock opened at $102.94 on Tuesday. The stock has a market capitalization of $13.65 billion, a price-to-earnings ratio of 29.24, a P/E/G ratio of 1.63 and a beta of 0.96. The firm’s 50-day moving average price is $95.09 and its two-hundred day moving average price is $103.55. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.02. AECOM has a 1-year low of $82.23 and a 1-year high of $118.56.

AECOM (NYSE:ACM) last released its quarterly earnings results on Monday, May 5th. The construction company reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.15 by $0.10. The business had revenue of $3.77 billion during the quarter, compared to analysts’ expectations of $4.18 billion. AECOM had a return on equity of 26.84% and a net margin of 2.93%. The firm’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period in the previous year, the business posted $1.04 earnings per share. On average, equities analysts predict that AECOM will post 5.1 earnings per share for the current fiscal year.

AECOM Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Wednesday, April 2nd were given a $0.26 dividend. The ex-dividend date was Wednesday, April 2nd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.01%. AECOM’s payout ratio is presently 29.55%.

Institutional Investors Weigh In On AECOM

Hedge funds and other institutional investors have recently made changes to their positions in the business. Prudential Financial Inc. grew its position in AECOM by 16.6% in the fourth quarter. Prudential Financial Inc. now owns 27,524 shares of the construction company’s stock valued at $2,940,000 after acquiring an additional 3,921 shares during the last quarter. Magnus Financial Group LLC boosted its stake in shares of AECOM by 93.5% in the 4th quarter. Magnus Financial Group LLC now owns 4,860 shares of the construction company’s stock valued at $519,000 after purchasing an additional 2,348 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of AECOM during the 4th quarter valued at approximately $9,705,000. TT International Asset Management LTD acquired a new position in AECOM during the 4th quarter worth approximately $3,578,000. Finally, Park Avenue Securities LLC lifted its stake in AECOM by 176.9% in the 4th quarter. Park Avenue Securities LLC now owns 7,239 shares of the construction company’s stock valued at $773,000 after purchasing an additional 4,625 shares during the last quarter. 85.41% of the stock is currently owned by institutional investors and hedge funds.

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.