Brokerages Set AECOM (NYSE:ACM) Price Target at $120.38

AECOM (NYSE:ACM) has earned an average recommendation of “Buy” from the eight brokerages that are currently covering the firm, MarketBeat reports. Eight research analysts have rated the stock with a buy recommendation. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $120.38.

A number of equities analysts recently commented on the company. Robert W. Baird decreased their price target on AECOM from $125.00 to $117.00 and set an “outperform” rating for the company in a research note on Tuesday, February 4th. Truist Financial boosted their price target on AECOM from $119.00 to $129.00 and gave the company a “buy” rating in a report on Friday, November 22nd. Citigroup reduced their price objective on AECOM from $128.00 to $127.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. KeyCorp lowered their target price on shares of AECOM from $122.00 to $121.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. Finally, Barclays increased their target price on shares of AECOM from $105.00 to $120.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th.

AECOM Stock Performance

AECOM stock opened at $96.59 on Friday. AECOM has a 52 week low of $82.23 and a 52 week high of $118.56. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.02. The stock has a market cap of $12.81 billion, a P/E ratio of 27.44, a price-to-earnings-growth ratio of 1.63 and a beta of 1.22. The stock has a 50 day moving average of $104.39 and a 200-day moving average of $105.37.

AECOM (NYSE:ACM) last posted its quarterly earnings data on Monday, February 3rd. The construction company reported $1.31 EPS for the quarter, beating 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%. On average, analysts expect that AECOM will post 5.1 EPS for the current fiscal year.

AECOM Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Wednesday, April 2nd will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 1.08%. AECOM’s dividend payout ratio is currently 29.55%.

AECOM announced that its Board of Directors has authorized a stock buyback plan on Monday, November 18th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the construction company to purchase up to 6.8% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

Institutional Inflows and Outflows

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