Amentum’s (AMTM) Market Outperform Rating Reaffirmed at Citizens Jmp

Citizens Jmp reissued their market outperform rating on shares of Amentum (NYSE:AMTM) in a research note published on Monday morning,Benzinga reports. They currently have a $40.00 price objective on the stock.

AMTM has been the topic of a number of other reports. BTIG Research reaffirmed a “buy” rating and issued a $35.00 price target on shares of Amentum in a research note on Wednesday, February 11th. Truist Financial lifted their price target on Amentum from $34.00 to $42.00 and gave the stock a “buy” rating in a research note on Wednesday, January 14th. Royal Bank Of Canada lifted their price target on Amentum from $30.00 to $35.00 and gave the stock a “sector perform” rating in a research note on Wednesday, February 11th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Amentum in a research note on Monday, December 29th. Finally, Wall Street Zen lowered Amentum from a “buy” rating to a “hold” rating in a research note on Saturday, March 28th. Six analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $34.91.

Amentum Stock Up 4.9%

Amentum stock opened at $27.57 on Monday. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.42 and a quick ratio of 1.42. The business has a 50 day simple moving average of $29.38 and a 200-day simple moving average of $28.28. The stock has a market capitalization of $6.72 billion, a PE ratio of 68.92, a price-to-earnings-growth ratio of 0.77 and a beta of 0.59. Amentum has a 12 month low of $18.08 and a 12 month high of $38.11.

Amentum (NYSE:AMTM) last issued its quarterly earnings results on Monday, February 9th. The company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.02. The firm had revenue of $3.24 billion for the quarter, compared to analyst estimates of $3.32 billion. Amentum had a return on equity of 11.56% and a net margin of 0.69%.The firm’s quarterly revenue was down 5.2% compared to the same quarter last year. Amentum has set its FY 2026 guidance at 2.250-2.450 EPS. On average, analysts anticipate that Amentum will post 2.1 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of AMTM. IFM Investors Pty Ltd purchased a new position in shares of Amentum during the 1st quarter worth $411,000. Cetera Investment Advisers purchased a new position in shares of Amentum during the 2nd quarter worth $335,000. JPMorgan Chase & Co. raised its holdings in shares of Amentum by 4.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 91,322 shares of the company’s stock worth $2,156,000 after acquiring an additional 3,608 shares during the period. M&T Bank Corp purchased a new position in shares of Amentum during the 2nd quarter worth $241,000. Finally, Gabelli Funds LLC purchased a new position in shares of Amentum during the 2nd quarter worth $592,000. Hedge funds and other institutional investors 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.