Truist Financial Cuts AECOM (NYSE:ACM) Price Target to $121.00

AECOM (NYSE:ACM) had its target price cut by Truist Financial from $129.00 to $121.00 in a research note published on Tuesday morning,Benzinga reports. They currently have a buy rating on the construction company’s stock.

Other research analysts also recently issued reports about the stock. Barclays boosted their price objective on shares of AECOM from $105.00 to $120.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. KeyCorp lowered 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. Robert W. Baird dropped their price objective 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, Citigroup decreased their target price on AECOM from $128.00 to $127.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $119.38.

AECOM Trading Down 0.3 %

Shares of NYSE:ACM opened at $87.08 on Tuesday. The company has a market capitalization of $11.55 billion, a P/E ratio of 24.74, a P/E/G ratio of 1.63 and a beta of 1.03. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.14 and a quick ratio of 1.14. The business’s 50 day simple moving average is $97.57 and its 200 day simple moving average is $104.69. AECOM has a 1 year low of $82.23 and a 1 year high of $118.56.

AECOM (NYSE:ACM) last posted its quarterly earnings results 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 return on equity of 26.84% and a net margin of 2.93%. On average, research analysts anticipate that AECOM will post 5.1 EPS for the current fiscal year.

AECOM Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Wednesday, April 2nd will be issued a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $1.04 dividend on an annualized basis and a yield of 1.19%. AECOM’s payout ratio is presently 29.55%.

Institutional Trading of AECOM

Hedge funds have recently made changes to their positions in the company. Prudential Financial Inc. increased its stake in shares of AECOM by 16.6% in the fourth quarter. Prudential Financial Inc. now owns 27,524 shares of the construction company’s stock valued at $2,940,000 after buying an additional 3,921 shares during the period. Magnus Financial Group LLC increased its position in AECOM by 93.5% in the 4th quarter. Magnus Financial Group LLC now owns 4,860 shares of the construction company’s stock valued at $519,000 after acquiring an additional 2,348 shares during the period. JPMorgan Chase & Co. raised its stake in shares of AECOM by 40.1% during the third quarter. JPMorgan Chase & Co. now owns 768,266 shares of the construction company’s stock valued at $79,339,000 after acquiring an additional 220,035 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of AECOM during the fourth quarter valued at $9,705,000. Finally, TT International Asset Management LTD acquired a new position in shares of AECOM during the fourth quarter worth $3,578,000. 85.41% of the stock is owned by institutional investors and hedge funds.

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.