Amentum Holdings, Inc. (NYSE:AMTM) Receives $32.17 Consensus Price Target from Analysts

Amentum Holdings, Inc. (NYSE:AMTM) has earned a consensus recommendation of “Moderate Buy” from the fourteen analysts that are covering the company, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $32.1667.

A number of analysts have recently commented on AMTM shares. JPMorgan Chase & Co. boosted their price target on Amentum from $30.00 to $34.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 26th. UBS Group started coverage on Amentum in a research note on Wednesday, November 19th. They set a “neutral” rating and a $25.00 price objective for the company. JMP Securities set a $35.00 target price on Amentum in a research note on Wednesday, November 26th. Royal Bank Of Canada raised 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. Finally, BTIG Research upped their price target on shares of Amentum from $30.00 to $35.00 and gave the stock a “buy” rating in a research note on Wednesday, December 3rd.

Institutional Trading of Amentum

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Vermillion & White Wealth Management Group LLC bought a new position in shares of Amentum during the 3rd quarter valued at approximately $46,000. CIBC Private Wealth Group LLC boosted its stake in Amentum by 63.6% during the third quarter. CIBC Private Wealth Group LLC now owns 5,300 shares of the company’s stock worth $127,000 after buying an additional 2,061 shares during the period. Advisory Services Network LLC bought a new position in Amentum during the third quarter valued at $61,000. Dark Forest Capital Management LP purchased a new stake in shares of Amentum in the third quarter valued at $2,296,000. Finally, Verition Fund Management LLC raised its stake in shares of Amentum by 1,128.0% in the third quarter. Verition Fund Management LLC now owns 1,135,626 shares of the company’s stock valued at $27,198,000 after acquiring an additional 1,043,145 shares during the period. Hedge funds and other institutional investors own 39.93% of the company’s stock.

Amentum Stock Performance

Shares of AMTM opened at $29.44 on Friday. Amentum has a 52-week low of $16.01 and a 52-week high of $31.87. The stock’s 50-day simple moving average is $25.41 and its 200 day simple moving average is $24.56. 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 stock has a market capitalization of $7.17 billion and a price-to-earnings ratio of 109.04.

Amentum (NYSE:AMTM) last issued its quarterly earnings data on Monday, November 24th. The company reported $0.63 EPS 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 company had revenue of $3.93 billion during the quarter, compared to analyst estimates of $3.61 billion. The business’s revenue was up 10.1% compared to the same quarter last year. Research analysts forecast that Amentum will post 2.1 EPS for the current fiscal year.

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.