Amentum (NYSE:AMTM) Reaches New 1-Year High Following Analyst Upgrade

Shares of Amentum Holdings, Inc. (NYSE:AMTM) hit a new 52-week high on Tuesday after Citizens Jmp raised their price target on the stock from $35.00 to $40.00. Citizens Jmp currently has a market outperform rating on the stock. Amentum traded as high as $34.64 and last traded at $34.3730, with a volume of 1914631 shares trading hands. The stock had previously closed at $33.63.

Several other equities analysts also recently weighed in on AMTM. JPMorgan Chase & Co. increased their price target on shares of Amentum from $30.00 to $34.00 and gave the stock a “neutral” rating in a report on Wednesday, November 26th. JMP Securities set a $35.00 price objective on shares of Amentum in a research note on Wednesday, November 26th. Cantor Fitzgerald raised their target price on shares of Amentum from $35.00 to $40.00 and gave the stock an “overweight” rating in a report on Tuesday, December 2nd. Weiss Ratings restated a “hold (c-)” rating on shares of Amentum in a research report on Monday, December 29th. Finally, Royal Bank Of Canada increased their price target on Amentum from $26.00 to $30.00 and gave the stock a “sector perform” rating in a research report on Wednesday, November 26th. Seven analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $32.83.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Atlantic Union Bankshares Corp acquired a new position in shares of Amentum in the second quarter worth about $25,000. Blue Trust Inc. increased its stake in shares of Amentum by 116.5% in the 3rd quarter. Blue Trust Inc. now owns 1,204 shares of the company’s stock valued at $29,000 after purchasing an additional 648 shares in the last quarter. Mather Group LLC. acquired a new position in Amentum in the 3rd quarter worth about $32,000. Caitong International Asset Management Co. Ltd boosted its position in Amentum by 1,517.0% during the second quarter. Caitong International Asset Management Co. Ltd now owns 1,520 shares of the company’s stock worth $36,000 after purchasing an additional 1,426 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its position in Amentum by 433.5% during the second quarter. Smartleaf Asset Management LLC now owns 1,814 shares of the company’s stock worth $43,000 after purchasing an additional 1,474 shares in the last quarter. Hedge funds and other institutional investors own 39.93% of the company’s stock.

Amentum Stock Performance

The company has a market capitalization of $8.38 billion, a price-to-earnings ratio of 127.31, a price-to-earnings-growth ratio of 0.98 and a beta of -0.01. The firm has a fifty day simple moving average of $27.77 and a 200 day simple moving average of $25.38. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.32 and a quick ratio of 1.32.

Amentum (NYSE:AMTM) last announced its earnings results 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 business had revenue of $3.93 billion during the quarter, compared to the consensus estimate of $3.61 billion. Amentum’s revenue was up 10.1% on a year-over-year basis. On average, analysts anticipate that Amentum Holdings, Inc. will post 2.1 earnings per share for the current fiscal year.

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.