Amentum (NYSE:AMTM) Upgraded to “Strong-Buy” at Wall Street Zen

Amentum (NYSE:AMTM) was upgraded by investment analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research note issued on Saturday.

Several other analysts also recently commented on the stock. Royal Bank Of Canada upped their price target on shares of Amentum from $26.00 to $30.00 and gave the company a “sector perform” rating in a research report on Wednesday, November 26th. Weiss Ratings restated a “hold (c-)” rating on shares of Amentum in a research note on Monday. JPMorgan Chase & Co. boosted their price target on Amentum from $30.00 to $34.00 and gave the company a “neutral” rating in a research report on Wednesday, November 26th. UBS Group began coverage on Amentum in a research note on Wednesday, November 19th. They set a “neutral” rating and a $25.00 price objective for the company. Finally, Citizens Jmp increased their price objective on Amentum from $30.00 to $35.00 and gave the stock a “market outperform” rating in a research report on Wednesday, November 26th. Seven equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $32.17.

Amentum Stock Up 1.6%

Shares of NYSE AMTM opened at $29.15 on Friday. The business has a 50-day moving average price of $25.17 and a 200 day moving average price of $24.41. The stock has a market cap of $7.10 billion and a PE ratio of 107.97. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.84. Amentum has a 52-week low of $16.01 and a 52-week high of $31.87.

Amentum (NYSE:AMTM) last released its quarterly earnings results on Monday, November 24th. The company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.59 by $0.04. The company had revenue of $3.93 billion for the quarter, compared to analyst estimates of $3.61 billion. Amentum had a return on equity of 11.57% and a net margin of 0.46%.The company’s revenue for the quarter was up 10.1% on a year-over-year basis. Equities research analysts forecast that Amentum will post 2.1 earnings per share for the current year.

Institutional Trading of Amentum

Institutional investors have recently modified their holdings of the business. Atlantic Union Bankshares Corp purchased a new position in Amentum in the second quarter worth $25,000. Blue Trust Inc. lifted its stake in shares of Amentum by 116.5% in the third quarter. Blue Trust Inc. now owns 1,204 shares of the company’s stock valued at $29,000 after purchasing an additional 648 shares during the period. Quarry LP acquired a new stake in shares of Amentum in the first quarter valued at about $30,000. Mather Group LLC. purchased a new stake in Amentum during the third quarter worth about $32,000. Finally, Caitong International Asset Management Co. Ltd boosted its holdings in Amentum by 1,517.0% during the second quarter. Caitong International Asset Management Co. Ltd now owns 1,520 shares of the company’s stock worth $36,000 after buying an additional 1,426 shares in the last quarter. 39.93% of the stock is currently owned by hedge funds and other institutional investors.

About Amentum

Amentum is a government services provider specializing in mission-critical solutions for defense, federal civilian and commercial customers around the globe. The company delivers integrated services that span the full lifecycle of complex programs and facilities, including engineering, program and project management, logistics, operations, maintenance and environmental remediation.

Core offerings include infrastructure support, energy and facilities management, environmental solutions and nuclear services.