Amentum (NYSE:AMTM) Upgraded to Overweight at Cantor Fitzgerald

Cantor Fitzgerald upgraded shares of Amentum (NYSE:AMTM) from a neutral rating to an overweight rating in a report published on Thursday, MarketBeat.com reports. Cantor Fitzgerald currently has $35.00 price objective on the stock, up from their previous price objective of $25.00.

AMTM has been the topic of several other research reports. Royal Bank Of Canada raised their target price 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. Morgan Stanley raised their price objective on shares of Amentum from $19.00 to $20.00 and gave the company an “underweight” rating in a research note on Thursday, September 18th. The Goldman Sachs Group lifted their target price on shares of Amentum from $21.00 to $26.00 and gave the stock a “neutral” rating in a report on Wednesday, August 13th. Bank of America increased their price target on Amentum from $26.00 to $27.00 and gave the company a “neutral” rating in a research note on Wednesday, August 13th. Finally, Raymond James Financial restated an “outperform” rating and issued a $30.00 price target on shares of Amentum in a research report on Monday, August 18th. Six analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Amentum presently has a consensus rating of “Moderate Buy” and a consensus target price of $28.40.

Amentum Stock Down 1.0%

NYSE:AMTM opened at $22.37 on Thursday. The company has a market cap of $5.44 billion and a price-to-earnings ratio of 57.35. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.58 and a current ratio of 1.58. The stock’s fifty day moving average price is $24.46 and its two-hundred day moving average price is $22.10. Amentum has a 52-week low of $16.01 and a 52-week high of $34.47.

Amentum (NYSE:AMTM) last released its earnings results on Tuesday, August 5th. The company reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.03. The company had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $3.51 billion. Amentum had a return on equity of 10.90% and a net margin of 0.41%.The business’s revenue was up 66.2% on a year-over-year basis. Amentum has set its FY 2025 guidance at 2.050-2.200 EPS. On average, analysts anticipate that Amentum will post 2.1 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Nuveen LLC acquired a new stake in shares of Amentum during the first quarter worth about $5,238,000. Principal Financial Group Inc. increased its stake in 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 purchasing an additional 110,123 shares in the last quarter. Amalgamated Bank raised its holdings in Amentum by 12.3% during the 1st quarter. Amalgamated Bank now owns 43,366 shares of the company’s stock worth $789,000 after buying an additional 4,756 shares during the period. KBC Group NV lifted its stake in Amentum by 14.3% in the first quarter. KBC Group NV now owns 7,339 shares of the company’s stock valued at $134,000 after buying an additional 918 shares in the last quarter. Finally, Janney Montgomery Scott LLC acquired a new position in shares of Amentum in the first quarter valued at approximately $615,000. 39.93% of the stock is owned by institutional investors and hedge funds.

About Amentum

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.