Research firms have updated their ratings on AECOM (ACM). On August 7th, KeyCorp raised their target from $94 to $99, and Robert W. Baird increased theirs from $96 to $100, both giving AECOM an outperform rating. Citigroup lowered its target from $116 to $104 on July 22nd but maintained a buy rating. Barclays and Royal Bank of Canada also raised their targets to $105 and $113, respectively, both giving an outperform rating. Overall, eight analysts rated the stock as a buy, with an average target price of $106.57 according to MarketBeat.
Get Our Latest Stock Report on AECOM
AECOM Price Performance
AECOM shares (NYSE: ACM) rose $1.17 to $103.74 recently, with a trading volume of 515,885 against the average of 803,599. The stock has a 50-day average of $97.26 and a 200-day average of $93.08. AECOMs market cap is $14.12 billion, with a P/E ratio of -1,152.22 and a beta of 1.17. Over the past year, the stock ranged from $74.40 to $104.63.
AECOM reported earnings of $1.16 per share for the quarter ending August 5th, beating estimates of $1.12. Revenue was $4.15 billion, surpassing analyst expectations. AECOM expects to report an EPS of 4.46 for the fiscal year.
AECOM Dividend Announcement
A quarterly dividend of $0.22 per share will be paid on October 18th to shareholders on record as of October 2nd. This yields 0.85% and represents an annual payout of $0.88.
Institutional Trading of AECOM
Hedge funds have made significant changes to their ACM holdings recently. Notable acquisitions include Janney Montgomery Scott growing their stake by over 1,000% and Acadian Asset Management acquiring $1.08 million in new positions. Institutional investors own 85.41% of AECOMs stock.
AECOM Company Profile
AECOM provides infrastructure consulting services globally, operating in three segments: Americas, International, and AECOM Capital. They offer planning, design, construction, and program management services.
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