Amentum Holdings, Inc. (NYSE:AMTM) Receives $33.50 Average Price Target from Brokerages

Amentum Holdings, Inc. (NYSE:AMTM) has received a consensus rating of “Moderate Buy” from the fourteen brokerages that are presently covering the company, Marketbeat.com reports. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $34.50.

Several brokerages have issued reports on AMTM. Wall Street Zen cut Amentum from a “strong-buy” rating to a “buy” rating in a research report on Sunday, December 28th. Truist Financial raised their price objective on shares of Amentum from $34.00 to $42.00 and gave the stock a “buy” rating in a report on Wednesday. Citizens Jmp lifted their price target on shares of Amentum from $35.00 to $40.00 and gave the stock a “market outperform” rating in a research note on Monday, January 12th. JMP Securities set a $35.00 price objective on shares of Amentum in a research report on Wednesday, November 26th. Finally, BTIG Research raised their target price on Amentum from $30.00 to $35.00 and gave the stock a “buy” rating in a report on Wednesday, December 3rd.

Amentum Stock Up 0.8%

Amentum stock opened at $34.84 on Thursday. Amentum has a 12 month low of $16.01 and a 12 month high of $35.00. The stock has a fifty day simple moving average of $28.77 and a two-hundred day simple moving average of $25.67. 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 $8.49 billion, a price-to-earnings ratio of 129.04, a PEG ratio of 1.02 and a beta of -0.01.

Amentum (NYSE:AMTM) last announced its quarterly earnings results on Monday, November 24th. The company reported $0.63 earnings per share (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 firm had revenue of $3.93 billion for the quarter, compared to the consensus estimate of $3.61 billion. The firm’s revenue was up 10.1% on a year-over-year basis. Equities analysts predict that Amentum will post 2.1 EPS for the current fiscal year.

Institutional Investors Weigh In On Amentum

Institutional investors have recently bought and sold shares of the business. Intact Investment Management Inc. lifted its position in shares of Amentum by 6.1% in the second 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 in the last quarter. UMB Bank n.a. raised its stake in Amentum by 11.6% during the 2nd quarter. UMB Bank n.a. now owns 4,121 shares of the company’s stock valued at $97,000 after purchasing an additional 430 shares during the period. MAI Capital Management lifted its holdings in Amentum by 12.3% in the 2nd quarter. MAI Capital Management now owns 4,259 shares of the company’s stock worth $101,000 after purchasing an additional 468 shares in the last quarter. Signaturefd LLC lifted its holdings in Amentum by 27.0% in the 2nd quarter. Signaturefd LLC now owns 2,241 shares of the company’s stock worth $53,000 after purchasing an additional 477 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in Amentum by 13.0% in the 3rd quarter. GAMMA Investing LLC now owns 5,021 shares of the company’s stock worth $120,000 after purchasing an additional 578 shares during the period. Hedge funds and other 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.