Amentum (NYSE:AMTM) Stock Price Expected to Rise, BTIG Research Analyst Says

Amentum (NYSE:AMTM) had its price target hoisted by investment analysts at BTIG Research from $30.00 to $35.00 in a research report issued on Wednesday, MarketBeat reports. The firm currently has a “buy” rating on the stock. BTIG Research’s price target indicates a potential upside of 19.43% from the company’s previous close.

A number of other brokerages have also recently weighed in on AMTM. JMP Securities set a $35.00 price target on shares of Amentum in a research report on Wednesday, November 26th. Citizens Jmp raised their price objective on Amentum from $30.00 to $35.00 and gave the stock a “market outperform” rating in a research note on Wednesday, November 26th. Cantor Fitzgerald boosted their target price on Amentum from $35.00 to $40.00 and gave the company an “overweight” rating in a research note on Tuesday. Bank of America increased their price target on Amentum from $26.00 to $27.00 and gave the stock a “neutral” rating in a report on Wednesday, August 13th. Finally, Weiss Ratings upgraded Amentum from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, November 26th. Seven investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $32.17.

Amentum Price Performance

Amentum stock opened at $29.31 on Wednesday. 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 $7.14 billion and a P/E ratio of 108.54. The business has a 50-day moving average of $24.14 and a 200-day moving average of $23.78. Amentum has a 1 year low of $16.01 and a 1 year high of $31.87.

Amentum (NYSE:AMTM) last released 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. The business had revenue of $3.93 billion for the quarter, compared to analyst estimates of $3.61 billion. Amentum had a net margin of 0.46% and a return on equity of 11.57%. The business’s revenue was up 10.1% compared to the same quarter last year. On average, equities analysts anticipate that Amentum will post 2.1 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. American Securities LLC lifted its stake in Amentum by 2.6% in the 2nd quarter. American Securities LLC now owns 45,026,743 shares of the company’s stock valued at $1,063,081,000 after acquiring an additional 1,132,839 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Amentum by 13.0% in the third quarter. Invesco Ltd. now owns 22,116,835 shares of the company’s stock valued at $529,698,000 after purchasing an additional 2,539,594 shares during the last quarter. Primecap Management Co. CA lifted its position in shares of Amentum by 19.6% in the second quarter. Primecap Management Co. CA now owns 12,030,656 shares of the company’s stock worth $284,044,000 after purchasing an additional 1,969,067 shares in the last quarter. State Street Corp boosted its holdings in Amentum by 7.6% during the second quarter. State Street Corp now owns 7,078,249 shares of the company’s stock worth $167,117,000 after purchasing an additional 501,898 shares during the last quarter. Finally, Frontier Capital Management Co. LLC boosted its holdings in Amentum by 52.6% during the second quarter. Frontier Capital Management Co. LLC now owns 5,460,743 shares of the company’s stock worth $128,928,000 after purchasing an additional 1,882,011 shares during the last quarter. 39.93% of the stock is currently owned by institutional investors.

Amentum Company Profile

Amentum Holdings, Inc provides engineering and technology solutions to address challenges in science, security, and sustainability. It serves various markets, such as energy and environment, space, intelligence, defense, civilian, commercial, and international markets. The company was incorporated in 2010 and is headquatered in Chantilly, Virginia.