AECOM (NYSE:ACM) Receives $133.20 Average Target Price from Brokerages

AECOM (NYSE:ACM) has received a consensus rating of “Buy” from the eleven brokerages that are covering the firm, MarketBeat Ratings reports. Eleven research analysts have rated the stock with a buy rating. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $133.20.

Several analysts have weighed in on the company. Truist Financial boosted their price objective on AECOM from $128.00 to $146.00 and gave the company a “buy” rating in a research report on Wednesday, October 8th. Bank of America boosted their price objective on AECOM from $112.50 to $124.00 and gave the company a “buy” rating in a research report on Tuesday, August 5th. Wall Street Zen downgraded AECOM from a “buy” rating to a “hold” rating in a research report on Saturday. UBS Group boosted their price objective on AECOM from $126.00 to $139.00 and gave the company a “buy” rating in a research report on Wednesday, August 6th. Finally, Barclays boosted their price objective on AECOM from $120.00 to $130.00 and gave the company an “overweight” rating in a research report on Tuesday, August 12th.

AECOM Stock Performance

NYSE:ACM opened at $131.54 on Friday. The business has a 50 day moving average of $125.92 and a 200 day moving average of $113.05. The company has a market capitalization of $17.42 billion, a price-to-earnings ratio of 28.66, a PEG ratio of 1.74 and a beta of 1.03. AECOM has a 1-year low of $85.00 and a 1-year high of $133.81. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.17 and a quick ratio of 1.17.

AECOM (NYSE:ACM) last released its earnings results on Monday, August 4th. The construction company reported $1.34 earnings per share for the quarter, topping analysts’ consensus estimates of $1.25 by $0.09. AECOM had a return on equity of 27.87% and a net margin of 3.82%.The company had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $4.33 billion. During the same quarter in the previous year, the company posted $1.16 EPS. AECOM’s quarterly revenue was up 6.2% compared to the same quarter last year. AECOM has set its FY 2025 guidance at 5.200-5.300 EPS. On average, sell-side 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 will be paid on Friday, October 17th. Stockholders of record on Wednesday, October 1st will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $1.04 annualized dividend and a dividend yield of 0.8%. AECOM’s payout ratio is 22.66%.

Insider Activity

In other news, CEO Troy Rudd sold 53,097 shares of the business’s stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $119.56, for a total transaction of $6,348,277.32. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 0.41% of the company’s stock.

Hedge Funds Weigh In On AECOM

Hedge funds have recently made changes to their positions in the business. TCTC Holdings LLC increased its stake in shares of AECOM by 120.3% during the first quarter. TCTC Holdings LLC now owns 304 shares of the construction company’s stock valued at $28,000 after buying an additional 166 shares during the period. MAI Capital Management purchased a new position in shares of AECOM during the first quarter valued at approximately $28,000. Caitong International Asset Management Co. Ltd increased its stake in shares of AECOM by 212.9% during the first quarter. Caitong International Asset Management Co. Ltd now owns 316 shares of the construction company’s stock valued at $29,000 after buying an additional 215 shares during the period. SVB Wealth LLC purchased a new position in shares of AECOM during the first quarter valued at approximately $33,000. Finally, EverSource Wealth Advisors LLC increased its stake in shares of AECOM by 189.3% during the second quarter. EverSource Wealth Advisors LLC now owns 298 shares of the construction company’s stock valued at $34,000 after buying an additional 195 shares during the period. 85.41% of the stock is owned by hedge funds and other institutional investors.

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.