AECOM (NYSE:ACM - Free Report) had its price objective cut by Truist Financial from $129.00 to $121.00 in a report released on Tuesday morning,Benzinga reports. They currently have a buy rating on the construction company's stock.
Other research analysts have also issued reports about the stock. Barclays increased their price target on shares of AECOM from $105.00 to $120.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. Citigroup cut their target price on AECOM from $128.00 to $127.00 and set a "buy" rating on the stock in a research note on Wednesday, January 29th. Robert W. Baird lowered their price target on AECOM from $125.00 to $117.00 and set an "outperform" rating for the company in a research report on Tuesday, February 4th. Finally, KeyCorp cut their price objective on shares of AECOM from $122.00 to $121.00 and set an "overweight" rating on the stock in a research report on Wednesday, January 8th. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $119.38.
Check Out Our Latest Stock Analysis on AECOM
AECOM Trading Up 0.5 %
Shares of NYSE ACM traded up $0.49 during midday trading on Tuesday, hitting $93.66. 1,169,719 shares of the company traded hands, compared to its average volume of 894,939. AECOM has a 12-month low of $82.23 and a 12-month high of $118.56. The firm has a market cap of $12.42 billion, a P/E ratio of 26.61, a P/E/G ratio of 1.63 and a beta of 1.03. The stock has a 50-day moving average price of $96.71 and a 200 day moving average price of $104.46. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.14 and a current ratio of 1.14.
AECOM (NYSE:ACM - Get Free Report) last posted 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 return on equity of 26.84% and a net margin of 2.93%. As a group, analysts expect that AECOM will post 5.1 earnings per share for the current year.
AECOM Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Wednesday, April 2nd will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date of this dividend is Wednesday, April 2nd. AECOM's payout ratio is presently 29.55%.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Franklin Resources Inc. boosted its stake in AECOM by 1.5% during the third quarter. Franklin Resources Inc. now owns 6,162 shares of the construction company's stock valued at $655,000 after buying an additional 91 shares during the last quarter. Ranch Capital Advisors Inc. boosted its position in shares of AECOM by 2.3% during the 4th quarter. Ranch Capital Advisors Inc. now owns 4,482 shares of the construction company's stock valued at $479,000 after acquiring an additional 99 shares during the last quarter. Brown Brothers Harriman & Co. boosted its position in shares of AECOM by 17.5% during the 4th quarter. Brown Brothers Harriman & Co. now owns 691 shares of the construction company's stock valued at $74,000 after acquiring an additional 103 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of AECOM by 1.4% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 7,830 shares of the construction company's stock valued at $809,000 after purchasing an additional 109 shares in the last quarter. Finally, Avitas Wealth Management LLC increased its position in AECOM by 0.6% in the fourth quarter. Avitas Wealth Management LLC now owns 18,939 shares of the construction company's stock worth $2,023,000 after purchasing an additional 110 shares during the last quarter. Institutional investors own 85.41% of the company's stock.
AECOM Company Profile
(
Get Free Report)
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.
Further Reading
Before you consider AECOM, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and AECOM wasn't on the list.
While AECOM currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
