Amentum (NYSE:AMTM) Lowered to Buy Rating by Wall Street Zen

Amentum (NYSE:AMTM) was downgraded by equities researchers at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Sunday.

Several other equities research analysts also recently commented on the company. UBS Group initiated coverage on Amentum in a report on Wednesday, November 19th. They set a “neutral” rating and a $25.00 price objective for the company. Citigroup reissued an “outperform” rating on shares of Amentum in a research report on Wednesday, November 26th. JMP Securities set a $35.00 price target on shares of Amentum in a research note on Wednesday, November 26th. Truist Financial raised their price objective on shares of Amentum from $30.00 to $34.00 and gave the company a “buy” rating in a research note on Wednesday, November 26th. Finally, Citizens Jmp lifted their price objective on shares of Amentum from $30.00 to $35.00 and gave the company a “market outperform” rating in a report on Wednesday, November 26th. Seven research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $32.17.

Amentum Price Performance

AMTM stock opened at $29.70 on Friday. 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 company’s 50-day moving average is $25.86 and its 200-day moving average is $24.70. The stock has a market capitalization of $7.24 billion and a PE ratio of 110.02. Amentum has a 1 year low of $16.01 and a 1 year high of $31.87.

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

Institutional Investors Weigh In On Amentum

A number of institutional investors have recently added to or reduced their stakes in AMTM. Vermillion & White Wealth Management Group LLC purchased a new stake in Amentum in the 3rd quarter worth about $46,000. CIBC Private Wealth Group LLC increased its stake in shares of Amentum by 63.6% in the third quarter. CIBC Private Wealth Group LLC now owns 5,300 shares of the company’s stock worth $127,000 after purchasing an additional 2,061 shares in the last quarter. Advisory Services Network LLC bought a new stake in shares of Amentum in the third quarter valued at approximately $61,000. Dark Forest Capital Management LP purchased a new stake in shares of Amentum during the 3rd quarter valued at approximately $2,296,000. Finally, Verition Fund Management LLC lifted its stake in shares of Amentum by 1,128.0% during the 3rd quarter. Verition Fund Management LLC now owns 1,135,626 shares of the company’s stock valued at $27,198,000 after buying an additional 1,043,145 shares in the last quarter. 39.93% of the stock is owned by 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.