Amentum (NYSE:AMTM) Upgraded by Wall Street Zen to Strong-Buy Rating

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

A number of other analysts have also commented on AMTM. JMP Securities set a $35.00 price target on Amentum in a research note on Wednesday, November 26th. UBS Group increased their target price on Amentum from $33.00 to $37.00 and gave the company a “neutral” rating in a report on Thursday, January 15th. Morgan Stanley upgraded Amentum from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $20.00 to $35.00 in a research note on Wednesday, November 26th. 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. Finally, Bank of America boosted their target price on shares of Amentum from $27.00 to $30.00 and gave the company a “neutral” rating in a research report on Wednesday, December 31st. Seven investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $34.50.

Amentum Trading Down 0.5%

Shares of Amentum stock opened at $35.38 on Friday. Amentum has a 1 year low of $16.01 and a 1 year high of $36.00. 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 firm has a market capitalization of $8.62 billion, a PE ratio of 131.04, a price-to-earnings-growth ratio of 1.04 and a beta of -0.01. The firm’s 50 day moving average is $30.00 and its 200 day moving average is $26.04.

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. State of Alaska Department of Revenue boosted its stake 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 worth $2,120,000 after buying an additional 10,487 shares during the last quarter. Geode Capital Management LLC boosted its position in Amentum by 9.3% during the second quarter. Geode Capital Management LLC now owns 2,513,161 shares of the company’s stock valued at $59,352,000 after purchasing an additional 213,164 shares during the last quarter. Bank of New York Mellon Corp grew its stake 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 in the last quarter. Voya Investment Management LLC increased its position in shares of Amentum by 66.5% during the 3rd quarter. Voya Investment Management LLC now owns 1,084,969 shares of the company’s stock worth $25,985,000 after purchasing an additional 433,397 shares during the last quarter. Finally, Invesco Ltd. increased its position in shares of Amentum by 13.9% during the 2nd 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 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.