Amentum (NYSE:AMTM) Given New $40.00 Price Target at Citizens Jmp

Amentum (NYSE:AMTM) had its price target lifted by Citizens Jmp from $35.00 to $40.00 in a report published on Monday,Benzinga reports. Citizens Jmp currently has a market outperform rating on the stock.

AMTM has been the topic of a number of other research reports. Royal Bank Of Canada raised their price objective on shares of Amentum from $26.00 to $30.00 and gave the stock a “sector perform” rating in a research note on Wednesday, November 26th. Wall Street Zen downgraded shares of Amentum from a “strong-buy” rating to a “buy” rating in a report on Sunday, December 28th. Truist Financial lifted their price objective on shares of Amentum from $30.00 to $34.00 and gave the company a “buy” rating in a report on Wednesday, November 26th. BTIG Research upped their price objective on shares of Amentum from $30.00 to $35.00 and gave the stock a “buy” rating in a research report on Wednesday, December 3rd. Finally, Morgan Stanley raised shares of Amentum from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $20.00 to $35.00 in a research note on Wednesday, November 26th. Seven investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $32.83.

Amentum Stock Performance

Shares of AMTM stock opened at $34.37 on Monday. The stock has a market cap of $8.38 billion, a PE ratio of 127.31, a price-to-earnings-growth ratio of 0.98 and a beta of -0.01. The business has a 50-day simple moving average of $27.77 and a 200-day simple moving average of $25.38. 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 $34.64.

Amentum (NYSE:AMTM) last posted its 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 firm 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 firm’s revenue for the quarter was up 10.1% on a year-over-year basis. On average, equities analysts expect that Amentum will post 2.1 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of AMTM. State of Alaska Department of Revenue raised its position in shares of Amentum by 13.2% during the 2nd quarter. State of Alaska Department of Revenue now owns 89,832 shares of the company’s stock valued at $2,120,000 after buying an additional 10,487 shares during the period. Geode Capital Management LLC increased its stake in Amentum by 9.3% during the second quarter. Geode Capital Management LLC now owns 2,513,161 shares of the company’s stock worth $59,352,000 after acquiring an additional 213,164 shares during the last quarter. Bank of New York Mellon Corp raised its position in Amentum by 14.2% in the second quarter. Bank of New York Mellon Corp now owns 868,206 shares of the company’s stock valued at $20,498,000 after purchasing an additional 107,697 shares during the period. Voya Investment Management LLC lifted its stake in shares of Amentum by 66.5% in the 3rd quarter. Voya Investment Management LLC now owns 1,084,969 shares of the company’s stock valued at $25,985,000 after purchasing an additional 433,397 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in shares of Amentum by 13.9% in the 2nd quarter. Invesco Ltd. now owns 19,577,241 shares of the company’s stock valued at $462,219,000 after purchasing an additional 2,386,131 shares during the last quarter. Institutional investors and hedge funds own 39.93% of the company’s stock.

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.