Amentum’s (AMTM) “Market Outperform” Rating Reaffirmed at JMP Securities

JMP Securities reiterated their market outperform rating on shares of Amentum (NYSE:AMTM) in a report published on Monday,Benzinga reports. They currently have a $30.00 price objective on the stock.

Other research analysts have also issued research reports about the stock. The Goldman Sachs Group upped their price objective on shares of Amentum from $21.00 to $26.00 and gave the company a “neutral” rating in a research note on Wednesday, August 13th. Citizens Jmp initiated coverage on shares of Amentum in a research note on Monday, May 12th. They issued an “outperform” rating and a $30.00 price objective on the stock. Royal Bank Of Canada upped their price objective on shares of Amentum from $24.00 to $26.00 and gave the company a “sector perform” rating in a research note on Thursday, August 7th. Truist Financial upped their price objective on shares of Amentum from $24.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, July 24th. Finally, Bank of America upped their price objective on shares of Amentum from $26.00 to $27.00 and gave the company a “neutral” rating in a research note on Wednesday, August 13th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $27.30.

Amentum Stock Down 0.2%

AMTM stock opened at $25.12 on Monday. Amentum has a 52-week low of $16.01 and a 52-week high of $34.50. The company’s 50 day simple moving average is $24.18 and its 200-day simple moving average is $21.42. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.58 and a quick ratio of 1.58. The firm has a market capitalization of $6.11 billion and a P/E ratio of 64.41.

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

Institutional Trading of Amentum

Large investors have recently modified their holdings of the company. Principal Financial Group Inc. boosted its holdings in shares of Amentum by 18.3% during the 1st quarter. Principal Financial Group Inc. now owns 712,172 shares of the company’s stock worth $12,962,000 after buying an additional 110,123 shares during the period. Amalgamated Bank raised its stake in Amentum by 12.3% during the 1st quarter. Amalgamated Bank now owns 43,366 shares of the company’s stock valued at $789,000 after purchasing an additional 4,756 shares during the last quarter. KBC Group NV raised its stake in Amentum by 14.3% during the 1st quarter. KBC Group NV now owns 7,339 shares of the company’s stock valued at $134,000 after purchasing an additional 918 shares during the last quarter. Janney Montgomery Scott LLC acquired a new position in Amentum during the 1st quarter valued at $615,000. Finally, New York State Teachers Retirement System raised its stake in Amentum by 11.6% during the 1st quarter. New York State Teachers Retirement System now owns 138,486 shares of the company’s stock valued at $2,520,000 after purchasing an additional 14,364 shares during the last quarter. 39.93% of the stock is owned by institutional investors.

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.