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

Amentum Holdings, Inc. (NYSE:AMTM) has earned an average recommendation of “Moderate Buy” from the fourteen brokerages that are currently covering the stock, MarketBeat.com reports. Seven analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $34.50.

Several equities analysts have recently weighed in on AMTM shares. Bank of America lifted their target price on shares of Amentum from $27.00 to $30.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 31st. Weiss Ratings reiterated a “hold (c-)” rating on shares of Amentum in a research note on Monday, December 29th. Cantor Fitzgerald boosted their target price on shares of Amentum from $35.00 to $40.00 and gave the company an “overweight” rating in a report on Tuesday, December 2nd. UBS Group raised their price target on Amentum from $33.00 to $37.00 and gave the stock a “neutral” rating in a report on Thursday, January 15th. Finally, JPMorgan Chase & Co. lifted 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.

Amentum Stock Performance

Shares of AMTM opened at $37.58 on Monday. Amentum has a 1 year low of $16.01 and a 1 year high of $38.11. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.32 and a quick ratio of 1.32. The stock’s fifty day moving average price is $32.02 and its two-hundred day moving average price is $26.87. The firm has a market cap of $9.16 billion, a PE ratio of 139.19, a PEG ratio of 1.10 and a beta of -0.01.

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

Institutional Investors Weigh In On Amentum

A number of institutional investors and hedge funds have recently modified their holdings of the company. IFM Investors Pty Ltd purchased a new position in Amentum during the first quarter valued at approximately $411,000. Truist Financial Corp grew its position in shares of Amentum by 3.7% during the 2nd quarter. Truist Financial Corp now owns 22,516 shares of the company’s stock valued at $532,000 after purchasing an additional 794 shares in the last quarter. Louisiana State Employees Retirement System increased its holdings in shares of Amentum by 20.7% in the second quarter. Louisiana State Employees Retirement System now owns 70,500 shares of the company’s stock worth $1,665,000 after purchasing an additional 12,100 shares during the period. Maryland State Retirement & Pension System raised its position in shares of Amentum by 5.7% in the second quarter. Maryland State Retirement & Pension System now owns 51,806 shares of the company’s stock worth $1,223,000 after buying an additional 2,784 shares in the last quarter. Finally, US Bancorp DE boosted its stake in Amentum by 10.9% during the second quarter. US Bancorp DE now owns 26,122 shares of the company’s stock valued at $617,000 after buying an additional 2,564 shares during the period. 39.93% of the stock is owned by hedge funds and other institutional investors.

Amentum Company Profile

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.