Amentum (NYSE:AMTM) Stock Rating Upgraded by Wall Street Zen

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

AMTM has been the topic of a number of other research reports. Citigroup reiterated an “outperform” rating on shares of Amentum in a report on Wednesday, November 26th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Amentum in a research note on Monday. UBS Group started coverage on shares of Amentum in a research note on Wednesday, November 19th. They issued a “neutral” rating and a $25.00 target price for the company. Citizens Jmp raised their price target on shares of Amentum from $30.00 to $35.00 and gave the stock a “market outperform” rating in a research note on Wednesday, November 26th. Finally, Cantor Fitzgerald boosted their price objective on shares of Amentum from $35.00 to $40.00 and gave the company an “overweight” rating in a research report on Tuesday, December 2nd. Seven investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, Amentum has a consensus rating of “Moderate Buy” and an average target price of $32.17.

Amentum Trading Up 1.6%

NYSE:AMTM opened at $29.15 on Friday. Amentum has a 52-week low of $16.01 and a 52-week high of $31.87. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.84. The stock has a fifty day simple moving average of $25.17 and a 200-day simple moving average of $24.41. The company has a market capitalization of $7.10 billion and a PE ratio of 107.97.

Amentum (NYSE:AMTM) last posted its earnings results on Monday, November 24th. The company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.04. Amentum had a net margin of 0.46% and a return on equity of 11.57%. The firm had revenue of $3.93 billion during the quarter, compared to the consensus estimate of $3.61 billion. Amentum’s revenue for the quarter was up 10.1% compared to the same quarter last year. On average, equities research analysts expect that Amentum will post 2.1 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of AMTM. Nuveen LLC acquired a new stake in Amentum during the 1st quarter valued at approximately $5,238,000. 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 valued at $2,120,000 after buying an additional 10,487 shares during the last quarter. Geode Capital Management LLC grew its position in shares of 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 buying an additional 213,164 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of Amentum by 14.2% during the second quarter. Bank of New York Mellon Corp now owns 868,206 shares of the company’s stock worth $20,498,000 after buying an additional 107,697 shares in the last quarter. Finally, Invesco Ltd. increased its stake in shares of Amentum by 13.9% in the second quarter. Invesco Ltd. now owns 19,577,241 shares of the company’s stock worth $462,219,000 after buying an additional 2,386,131 shares during the last quarter. Institutional investors and hedge funds own 39.93% of the company’s stock.

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.