Amentum Holdings, Inc. (NYSE:AMTM) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Amentum Holdings, Inc. (NYSE:AMTM) have earned a consensus recommendation of “Moderate Buy” from the fourteen research firms that are currently covering the company, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $32.1667.

AMTM has been the topic of a number of research analyst reports. UBS Group initiated coverage on shares of Amentum in a research report on Wednesday, November 19th. They set a “neutral” rating and a $25.00 price objective on the stock. Cantor Fitzgerald boosted their target price on shares of Amentum from $35.00 to $40.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 2nd. JMP Securities set a $35.00 price objective on Amentum in a research report on Wednesday, November 26th. Royal Bank Of Canada boosted their price target on Amentum from $26.00 to $30.00 and gave the company a “sector perform” rating in a research note on Wednesday, November 26th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Amentum in a research report on Monday, December 15th.

Amentum Stock Up 1.6%

Shares of NYSE AMTM opened at $29.15 on Friday. Amentum has a 12-month low of $16.01 and a 12-month high of $31.87. The company has a market cap of $7.10 billion and a P/E ratio of 107.97. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.84. The stock has a fifty day moving average price of $25.17 and a 200 day moving average price of $24.43.

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in AMTM. Nuveen LLC purchased a new stake in Amentum during the first quarter valued at approximately $5,238,000. State of Alaska Department of Revenue boosted its stake in shares of Amentum by 13.2% in the second quarter. State of Alaska Department of Revenue now owns 89,832 shares of the company’s stock worth $2,120,000 after acquiring an additional 10,487 shares during the period. Geode Capital Management LLC grew its holdings in Amentum by 9.3% during the 2nd quarter. Geode Capital Management LLC now owns 2,513,161 shares of the company’s stock valued at $59,352,000 after buying an additional 213,164 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Amentum by 14.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 868,206 shares of the company’s stock valued at $20,498,000 after acquiring an additional 107,697 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in shares of Amentum by 13.9% in the second quarter. Invesco Ltd. now owns 19,577,241 shares of the company’s stock worth $462,219,000 after purchasing an additional 2,386,131 shares during the last quarter. 39.93% of the stock is currently owned by institutional investors and hedge funds.

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.