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

Shares of Amentum Holdings, Inc. (NYSE:AMTM) have earned a consensus recommendation of “Moderate Buy” from the fourteen analysts that are presently covering the stock, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $32.1667.

A number of brokerages recently commented on AMTM. UBS Group started coverage on Amentum in a research report on Wednesday, November 19th. They issued a “neutral” rating and a $25.00 target price on the stock. JMP Securities set a $35.00 price target on Amentum in a research report on Wednesday, November 26th. Cantor Fitzgerald upped their price target on shares of Amentum from $35.00 to $40.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 2nd. Citigroup restated an “outperform” rating on shares of Amentum in a report on Wednesday, November 26th. Finally, Royal Bank Of Canada increased their price target on Amentum from $26.00 to $30.00 and gave the company a “sector perform” rating in a report on Wednesday, November 26th.

Amentum Stock Performance

Shares of Amentum stock opened at $29.15 on Friday. Amentum has a 12 month low of $16.01 and a 12 month high of $31.87. 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 cap of $7.10 billion and a P/E ratio of 107.97. The stock’s fifty day moving average price is $25.17 and its 200-day moving average price is $24.43.

Amentum (NYSE:AMTM) last announced its earnings results on Monday, November 24th. The company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.04. Amentum had a net margin of 0.46% and a return on equity of 11.57%. The business had revenue of $3.93 billion during the quarter, compared to the consensus estimate of $3.61 billion. The firm’s quarterly revenue 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 Trading of Amentum

Several hedge funds have recently modified their holdings of AMTM. Invesco Ltd. raised its position in shares of Amentum by 13.0% during the 3rd quarter. Invesco Ltd. now owns 22,116,835 shares of the company’s stock worth $529,698,000 after acquiring an additional 2,539,594 shares in the last quarter. Norges Bank purchased a new stake in shares of Amentum during the second quarter worth approximately $51,015,000. Primecap Management Co. CA lifted its stake in shares of Amentum by 19.6% in the 2nd quarter. Primecap Management Co. CA now owns 12,030,656 shares of the company’s stock worth $284,044,000 after acquiring an additional 1,969,067 shares during the period. Frontier Capital Management Co. LLC boosted its holdings in Amentum by 52.6% in the 2nd quarter. Frontier Capital Management Co. LLC now owns 5,460,743 shares of the company’s stock valued at $128,928,000 after purchasing an additional 1,882,011 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Amentum in the second quarter worth $32,576,000. 39.93% of the stock is currently owned by institutional investors and hedge funds.

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.