AECOM (NYSE:ACM) Price Target Cut to $81.00

AECOM (NYSE:ACMGet Rating) had its price target trimmed by Robert W. Baird from $88.00 to $81.00 in a report issued on Tuesday morning, The Fly reports.

A number of other analysts have also recently issued reports on the company. Royal Bank of Canada assumed coverage on AECOM in a research report on Wednesday, April 27th. They set an outperform rating and a $91.00 price objective on the stock. StockNews.com upgraded AECOM from a hold rating to a buy rating in a research report on Sunday, May 8th. Finally, Argus upped their price target on AECOM from $80.00 to $82.00 in a research report on Tuesday, February 15th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of Buy and a consensus target price of $85.44.

Shares of ACM stock opened at $66.55 on Tuesday. AECOM has a 12 month low of $58.36 and a 12 month high of $79.97. The firm has a market cap of $9.41 billion, a PE ratio of 45.58, a price-to-earnings-growth ratio of 0.98 and a beta of 1.44. The stock has a 50 day moving average of $74.53 and a 200-day moving average of $73.03. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.82.

AECOM (NYSE:ACMGet Rating) last released its quarterly earnings data on Monday, May 9th. The construction company reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.05. The business had revenue of $3.21 billion for the quarter, compared to analysts’ expectations of $3.39 billion. AECOM had a return on equity of 17.18% and a net margin of 1.59%. AECOM’s quarterly revenue was down 1.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.67 earnings per share. As a group, equities analysts predict that AECOM will post 3.43 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 22nd. Shareholders of record on Wednesday, April 6th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date of this dividend was Tuesday, April 5th. AECOM’s dividend payout ratio is currently 41.10%.

A number of institutional investors have recently bought and sold shares of the business. BlackRock Inc. boosted its stake in AECOM by 1.5% in the fourth quarter. BlackRock Inc. now owns 11,755,219 shares of the construction company’s stock worth $909,266,000 after purchasing an additional 172,924 shares in the last quarter. Alliancebernstein L.P. lifted its stake in shares of AECOM by 0.9% during the fourth quarter. Alliancebernstein L.P. now owns 7,362,541 shares of the construction company’s stock valued at $569,493,000 after acquiring an additional 64,032 shares during the period. State Street Corp lifted its stake in shares of AECOM by 1.3% during the fourth quarter. State Street Corp now owns 3,854,196 shares of the construction company’s stock valued at $298,122,000 after acquiring an additional 47,823 shares during the period. Pictet Asset Management SA lifted its stake in shares of AECOM by 135.7% during the fourth quarter. Pictet Asset Management SA now owns 3,780,644 shares of the construction company’s stock valued at $292,433,000 after acquiring an additional 2,176,952 shares during the period. Finally, Invesco Ltd. lifted its stake in shares of AECOM by 3.9% during the third quarter. Invesco Ltd. now owns 2,641,105 shares of the construction company’s stock valued at $166,787,000 after acquiring an additional 98,963 shares during the period. 86.15% of the stock is currently owned by institutional investors.

AECOM Company Profile (Get Rating)

AECOM, together with its subsidiaries, provides professional infrastructure consulting services for governments, businesses, and organizations in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates through 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 commercial and government clients.

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