AECOM (NYSE:ACM) Stock Gets Price Target Reduction from Citigroup

AECOM (NYSE:ACM) had its price target lowered by Citigroup from $84.00 to $79.00 in a research report released on Friday,Benzinga reports. Citigroup currently has a buy rating on the construction company’s stock.

Several other brokerages have also commented on ACM. Wall Street Zen lowered AECOM from a “buy” rating to a “hold” rating in a research note on Monday, July 6th. KeyCorp decreased their price target on shares of AECOM from $79.00 to $78.00 and set an “overweight” rating on the stock in a research note on Thursday, October 15th. Piper Sandler set a $79.00 price objective on AECOM in a report on Wednesday, August 12th. Bank of America lowered their target price on shares of AECOM from $94.50 to $81.00 and set a “buy” rating for the company in a report on Wednesday, August 12th. Finally, The Goldman Sachs Group set a $91.00 price target on AECOM in a research report on Wednesday, August 12th. Eight investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $80.73.

AECOM Stock Up 0.0%

Shares of NYSE:ACM opened at $60.51 on Friday. AECOM has a fifty-two week low of $56.39 and a fifty-two week high of $135.52. The firm’s 50-day simple moving average is $62.30 and its 200-day simple moving average is $69.55. The company has a market cap of $7.79 billion, a price-to-earnings ratio of 27.75, a PEG ratio of 1.12 and a beta of 0.93. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.11.

AECOM (NYSE:ACM) last released its earnings results on Monday, August 10th. The construction company reported ($0.50) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.46 by ($1.96). AECOM had a return on equity of 19.72% and a net margin of 1.87%. The business had revenue of $3.59 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same quarter in the previous year, the firm posted $1.34 EPS. The business’s revenue for the quarter was down 14.2% on a year-over-year basis. AECOM has set its FY 2026 guidance at 3.950-4.150 EPS. As a group, equities research analysts predict that AECOM will post 3.98 earnings per share for the current year.

AECOM Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Wednesday, October 14th will be paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Wednesday, October 14th. AECOM’s dividend payout ratio (DPR) is 56.88%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new stake in AECOM during the second quarter valued at $1,003,699,000. Primecap Management Co. CA bought a new position in AECOM in the 2nd quarter worth about $613,336,000. Barrow Hanley Mewhinney & Strauss LLC bought a new position in AECOM in the 2nd quarter worth approximately $383,701,000. The Manufacturers Life Insurance Company acquired a new position in shares of AECOM during the second quarter valued at $94,429,000. Finally, Bank of New York Mellon Corp acquired a new position in AECOM during the 2nd quarter valued at about $79,519,000. 85.41% of the stock is owned by institutional investors and hedge funds.

About AECOM

AECOM is a global infrastructure consulting firm that provides professional services across the planning, design, engineering, construction, and management of complex projects. Its work supports transportation systems, buildings, water and wastewater infrastructure, energy facilities, environmental programs, and government and defense initiatives.

The company offers architecture and engineering, program and construction management, environmental consulting, planning, advisory, and asset-management services.