AECOM (NYSE:ACM) Stock Price Expected to Rise, Barclays Analyst Says

AECOM (NYSE:ACM - Free Report) had its target price boosted by Barclays from $105.00 to $120.00 in a research report released on Thursday morning,Benzinga reports. Barclays currently has an overweight rating on the construction company's stock.

Several other research firms have also issued reports on ACM. Truist Financial raised their price target on shares of AECOM from $119.00 to $129.00 and gave the stock a "buy" rating in a research report on Friday, November 22nd. KeyCorp cut their price target on AECOM from $122.00 to $121.00 and set an "overweight" rating for the company in a report on Wednesday, January 8th. Citigroup decreased their price objective on AECOM from $128.00 to $127.00 and set a "buy" rating on the stock in a report on Wednesday, January 29th. Robert W. Baird lowered their price target on shares of AECOM from $125.00 to $117.00 and set an "outperform" rating on the stock in a report on Tuesday, February 4th. Finally, StockNews.com raised shares of AECOM from a "hold" rating to a "buy" rating in a report on Sunday, October 27th. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $120.38.

AECOM Stock Up 0.8 %

Shares of NYSE:ACM traded up $0.83 on Thursday, reaching $107.99. The company had a trading volume of 450,793 shares, compared to its average volume of 987,134. The stock has a market capitalization of $14.32 billion, a P/E ratio of 30.68, a P/E/G ratio of 1.81 and a beta of 1.19. The company has a quick ratio of 1.13, a current ratio of 1.14 and a debt-to-equity ratio of 1.02. The stock has a 50-day moving average price of $108.74 and a 200 day moving average price of $104.57. AECOM has a twelve month low of $82.23 and a twelve month high of $118.56.

AECOM (NYSE:ACM - Get Free Report) last issued its quarterly earnings results on Monday, February 3rd. The construction company reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.21. AECOM had a return on equity of 26.84% and a net margin of 2.93%. On average, equities analysts expect that AECOM will post 5.1 EPS for the current year.

AECOM Increases Dividend

The company 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. The ex-dividend date was Thursday, January 2nd. This is a positive change from AECOM's previous quarterly dividend of $0.22. This represents a $1.04 dividend on an annualized basis and a yield of 0.96%. AECOM's payout ratio is 29.55%.

AECOM declared that its board has initiated a share repurchase plan on Monday, November 18th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the construction company to reacquire up to 6.8% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's management believes its stock is undervalued.

Institutional Investors Weigh In On AECOM

Large investors have recently bought and sold shares of the business. Glenview Trust co acquired a new position in AECOM in the fourth quarter worth $778,000. Corient Private Wealth LLC lifted its position in AECOM by 14.1% during the 4th quarter. Corient Private Wealth LLC now owns 5,363 shares of the construction company's stock worth $573,000 after buying an additional 664 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its holdings in AECOM by 27.2% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 9,237 shares of the construction company's stock worth $987,000 after acquiring an additional 1,974 shares during the last quarter. Globeflex Capital L P acquired a new stake in AECOM in the 4th quarter valued at about $142,000. Finally, HighTower Advisors LLC raised its stake in shares of AECOM by 24.7% in the fourth quarter. HighTower Advisors LLC now owns 14,457 shares of the construction company's stock worth $1,544,000 after acquiring an additional 2,863 shares during 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.