Amentum Holdings, Inc. (NYSE:AMTM) Given Average Recommendation of “Hold” by Brokerages

Amentum Holdings, Inc. (NYSE:AMTM) has earned a consensus recommendation of “Hold” from the nine research firms that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $27.00.

Several analysts recently issued reports on AMTM shares. Royal Bank Of Canada upped their target price on Amentum from $24.00 to $26.00 and gave the stock a “sector perform” rating in a report on Thursday, August 7th. Truist Financial upped their target price on Amentum from $24.00 to $30.00 and gave the stock a “buy” rating in a report on Thursday, July 24th. Bank of America upped their target price on Amentum from $26.00 to $27.00 and gave the stock a “neutral” rating in a report on Wednesday, August 13th. Citizens Jmp started coverage on Amentum in a report on Monday, May 12th. They set an “outperform” rating and a $30.00 target price on the stock. Finally, The Goldman Sachs Group upped their target price on Amentum from $21.00 to $26.00 and gave the stock a “neutral” rating in a report on Wednesday, August 13th.

Hedge Funds Weigh In On Amentum

Several institutional investors and hedge funds have recently made changes to their positions in AMTM. Atlantic Union Bankshares Corp acquired a new position in shares of Amentum in the second quarter valued at approximately $25,000. Quarry LP acquired a new position in shares of Amentum in the first quarter valued at approximately $30,000. Signaturefd LLC grew its position in shares of Amentum by 108.0% in the first quarter. Signaturefd LLC now owns 1,764 shares of the company’s stock valued at $32,000 after purchasing an additional 916 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its position in shares of Amentum by 1,517.0% in the second quarter. Caitong International Asset Management Co. Ltd now owns 1,520 shares of the company’s stock valued at $36,000 after purchasing an additional 1,426 shares during the last quarter. Finally, FNY Investment Advisers LLC grew its position in shares of Amentum by 380.0% in the first quarter. FNY Investment Advisers LLC now owns 2,400 shares of the company’s stock valued at $43,000 after purchasing an additional 1,900 shares during the last quarter. Institutional investors and hedge funds own 39.93% of the company’s stock.

Amentum Stock Performance

Shares of Amentum stock opened at $25.19 on Monday. The firm has a market cap of $6.13 billion and a price-to-earnings ratio of 64.59. The stock’s 50-day moving average is $24.14 and its 200-day moving average is $21.39. Amentum has a one year low of $16.01 and a one year high of $34.50. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.58 and a quick ratio of 1.58.

Amentum (NYSE:AMTM) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.03. The company had revenue of $2.23 billion for the quarter, compared to analyst estimates of $3.51 billion. Amentum had a return on equity of 10.90% and a net margin of 0.41%. Amentum’s revenue for the quarter was up 66.2% on a year-over-year basis. Equities analysts predict that Amentum will post 2.1 earnings per share for the current fiscal year.

Amentum Company Profile

Amentum Holdings, Inc provides engineering and technology solutions to address challenges in science, security, and sustainability. It serves various markets, such as energy and environment, space, intelligence, defense, civilian, commercial, and international markets. The company was incorporated in 2010 and is headquatered in Chantilly, Virginia.