AECOM (NYSE:ACM) Upgraded to “Buy” at StockNews.com

StockNews.com upgraded shares of AECOM (NYSE:ACM) from a hold rating to a buy rating in a research note released on Sunday morning.

ACM has been the topic of a number of other research reports. Royal Bank of Canada raised their target price on AECOM from $112.00 to $113.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Robert W. Baird boosted their price objective on shares of AECOM from $96.00 to $100.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Citigroup upped their target price on shares of AECOM from $110.00 to $128.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Barclays lifted their price target on shares of AECOM from $100.00 to $105.00 and gave the stock an “overweight” rating in a research report on Thursday, August 8th. Finally, KeyCorp raised their price objective on AECOM from $99.00 to $115.00 and gave the stock an “overweight” rating in a research note on Monday, October 7th. Eight analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $112.29.

AECOM Stock Down 0.4 %

Shares of ACM opened at $104.49 on Friday. The company has a 50-day moving average price of $101.22 and a two-hundred day moving average price of $93.98. AECOM has a 12 month low of $74.40 and a 12 month high of $108.26. The stock has a market cap of $14.22 billion, a price-to-earnings ratio of -1,161.00, a P/E/G ratio of 1.58 and a beta of 1.17. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.98.

AECOM (NYSE:ACM) last released its quarterly earnings results on Monday, August 5th. The construction company reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.04. The firm had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $1.85 billion. AECOM had a return on equity of 24.14% and a net margin of 1.61%. The business’s revenue was up 13.3% on a year-over-year basis. During the same period last year, the firm posted $0.94 EPS. Equities analysts predict that AECOM will post 4.46 EPS for the current fiscal year.

AECOM Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Wednesday, October 2nd were given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date was Wednesday, October 2nd. AECOM’s dividend payout ratio is currently -977.78%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of ACM. Ninety One UK Ltd bought a new stake in AECOM during the second quarter worth $46,109,000. Findlay Park Partners LLP raised its holdings in shares of AECOM by 22.6% in the 1st quarter. Findlay Park Partners LLP now owns 2,561,327 shares of the construction company’s stock valued at $251,215,000 after purchasing an additional 472,944 shares during the period. International Assets Investment Management LLC acquired a new stake in AECOM in the 3rd quarter valued at about $42,201,000. DekaBank Deutsche Girozentrale raised its stake in AECOM by 451.9% in the first quarter. DekaBank Deutsche Girozentrale now owns 481,769 shares of the construction company’s stock valued at $47,617,000 after buying an additional 394,481 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in AECOM by 18.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,628,924 shares of the construction company’s stock valued at $143,573,000 after acquiring an additional 258,250 shares during the period. 85.41% of the stock is currently owned by 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.