Amentum (NYSE:AMTM) Upgraded to “Strong-Buy” at Wall Street Zen

Amentum (NYSE:AMTM) was upgraded by analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a note issued to investors on Friday.

A number of other research firms have also recently commented on AMTM. JMP Securities set a $35.00 price target on shares of Amentum in a research note on Wednesday, November 26th. JPMorgan Chase & Co. upped their target price on shares of Amentum from $30.00 to $34.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 26th. Cantor Fitzgerald raised their price target on Amentum from $35.00 to $40.00 and gave the company an “overweight” rating in a research report on Tuesday, December 2nd. Bank of America upped their price objective on Amentum from $27.00 to $30.00 and gave the stock a “neutral” rating in a report on Wednesday, December 31st. Finally, Citigroup reiterated an “outperform” rating on shares of Amentum in a research report on Monday, January 12th. Seven research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $34.50.

Amentum Stock Performance

Shares of AMTM stock opened at $35.38 on Friday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.32 and a current ratio of 1.32. The firm has a market cap of $8.62 billion, a price-to-earnings ratio of 131.04, a P/E/G ratio of 1.04 and a beta of -0.01. Amentum has a 52 week low of $16.01 and a 52 week high of $36.00. The firm’s 50-day simple moving average is $30.00 and its two-hundred day simple moving average is $26.04.

Amentum (NYSE:AMTM) last posted its quarterly 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. The company had revenue of $3.93 billion during the quarter, compared to the consensus estimate of $3.61 billion. Amentum had a return on equity of 11.57% and a net margin of 0.46%.The business’s revenue was up 10.1% compared to the same quarter last year. As a group, equities analysts forecast that Amentum will post 2.1 earnings per share for the current year.

Institutional Investors Weigh In On Amentum

Several institutional investors and hedge funds have recently made changes to their positions in the company. Intact Investment Management Inc. increased its holdings in Amentum by 6.1% in the 2nd quarter. Intact Investment Management Inc. now owns 7,319 shares of the company’s stock valued at $173,000 after acquiring an additional 419 shares during the last quarter. Sound Income Strategies LLC increased its holdings in shares of Amentum by 45.3% in the fourth quarter. Sound Income Strategies LLC now owns 1,363 shares of the company’s stock worth $40,000 after purchasing an additional 425 shares during the last quarter. MAI Capital Management lifted its position in shares of Amentum by 12.3% in the second quarter. MAI Capital Management now owns 4,259 shares of the company’s stock worth $101,000 after buying an additional 468 shares in the last quarter. Signaturefd LLC boosted its stake in Amentum by 27.0% during the second quarter. Signaturefd LLC now owns 2,241 shares of the company’s stock valued at $53,000 after buying an additional 477 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in Amentum by 13.0% during the 3rd quarter. GAMMA Investing LLC now owns 5,021 shares of the company’s stock valued at $120,000 after buying an additional 578 shares in the last quarter. Institutional investors own 39.93% of the company’s stock.

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.