Amentum (NYSE:AMTM) Rating Increased to Strong-Buy at Wall Street Zen

Wall Street Zen upgraded shares of Amentum (NYSE:AMTM) from a buy rating to a strong-buy rating in a research report released on Friday.

Other equities analysts also recently issued research reports about the company. BTIG Research boosted their target price on Amentum from $30.00 to $35.00 and gave the company a “buy” rating in a research report on Wednesday, December 3rd. Citizens Jmp boosted their price objective on shares of Amentum from $35.00 to $40.00 and gave the company a “market outperform” rating in a research report on Monday, January 12th. Truist Financial increased their target price on shares of Amentum from $34.00 to $42.00 and gave the company a “buy” rating in a research note on Wednesday, January 14th. Cantor Fitzgerald lifted their price target on shares of Amentum from $35.00 to $40.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 2nd. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Amentum in a research report on Monday, December 29th. Seven investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, Amentum currently has a consensus rating of “Moderate Buy” and a consensus target price of $34.50.

Amentum Stock Performance

Amentum stock opened at $35.38 on Friday. The company’s 50-day moving average price is $30.00 and its 200-day moving average price is $26.04. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.84. The company has a market cap of $8.62 billion, a PE ratio of 131.04, a price-to-earnings-growth ratio of 1.04 and a beta of -0.01. Amentum has a twelve month low of $16.01 and a twelve month high of $36.00.

Amentum (NYSE:AMTM) last announced its quarterly 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 net margin of 0.46% and a return on equity of 11.57%. The firm had revenue of $3.93 billion during the quarter, compared to the consensus estimate of $3.61 billion. The company’s revenue was up 10.1% on a year-over-year basis. On average, equities research analysts forecast that Amentum will post 2.1 EPS for the current fiscal year.

Institutional Investors Weigh In On Amentum

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Atlantic Union Bankshares Corp bought a new position in Amentum in the 2nd quarter worth about $25,000. Blue Trust Inc. boosted its holdings in shares of Amentum by 116.5% in the third quarter. Blue Trust Inc. now owns 1,204 shares of the company’s stock valued at $29,000 after purchasing an additional 648 shares during the period. Mather Group LLC. bought a new position in Amentum in the third quarter worth approximately $32,000. Caitong International Asset Management Co. Ltd increased its holdings in Amentum by 1,517.0% during the 2nd 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 during the period. Finally, Financial Consulate Inc. bought a new stake in Amentum during the 4th quarter valued at $38,000. 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.