Brokerages Set Amentum Holdings, Inc. (NYSE:AMTM) PT at $27.00

Amentum Holdings, Inc. (NYSE:AMTM - Get Free Report) has received a consensus rating of "Hold" from the ten research firms that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $27.30.

AMTM has been the topic of several research reports. Bank of America boosted their target price on Amentum from $26.00 to $27.00 and gave the company a "neutral" rating in a research note on Wednesday, August 13th. Citizens Jmp initiated coverage on Amentum in a research note on Monday, May 12th. They issued an "outperform" rating and a $30.00 target price on the stock. Truist Financial raised their price target on Amentum from $24.00 to $30.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. Royal Bank Of Canada boosted their price target on Amentum from $24.00 to $26.00 and gave the stock a "sector perform" rating in a research report on Thursday, August 7th. Finally, The Goldman Sachs Group upped their price objective on Amentum from $21.00 to $26.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 13th.

Amentum Stock Up 3.3%

NYSE AMTM traded up $0.8130 during trading on Monday, hitting $25.0830. The stock had a trading volume of 96,791 shares, compared to its average volume of 2,225,690. The company has a market capitalization of $6.10 billion and a PE ratio of 64.35. The company's 50-day moving average price is $24.28 and its two-hundred day moving average price is $21.49. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.58 and a current ratio of 1.58. Amentum has a 12 month low of $16.01 and a 12 month high of $34.50.

Amentum (NYSE:AMTM - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.53 by $0.03. The firm had revenue of $2.23 billion for the quarter, compared to analysts' expectations of $3.51 billion. Amentum had a return on equity of 10.90% and a net margin of 0.41%.The company's revenue was up 66.2% compared to the same quarter last year. Amentum has set its FY 2025 guidance at 2.050-2.200 EPS. As a group, sell-side analysts forecast that Amentum will post 2.1 EPS for the current year.

Institutional Investors Weigh In On Amentum

Large investors have recently made changes to their positions in the stock. Principal Financial Group Inc. boosted its holdings in shares of Amentum by 18.3% in the 1st quarter. Principal Financial Group Inc. now owns 712,172 shares of the company's stock valued at $12,962,000 after buying an additional 110,123 shares during the last quarter. Amalgamated Bank boosted its holdings in shares of Amentum by 12.3% in the 1st quarter. Amalgamated Bank now owns 43,366 shares of the company's stock valued at $789,000 after buying an additional 4,756 shares during the last quarter. KBC Group NV boosted its holdings in shares of Amentum by 14.3% in the 1st quarter. KBC Group NV now owns 7,339 shares of the company's stock valued at $134,000 after buying an additional 918 shares during the last quarter. Janney Montgomery Scott LLC acquired a new stake in shares of Amentum in the 1st quarter valued at approximately $615,000. Finally, New York State Teachers Retirement System boosted its holdings in shares of Amentum by 11.6% in the 1st quarter. New York State Teachers Retirement System now owns 138,486 shares of the company's stock valued at $2,520,000 after buying an additional 14,364 shares during the last quarter. Institutional investors and hedge funds own 39.93% of the company's stock.

About Amentum

Amentum Holdings, Inc provides engineering and technology solutions to address challenges in science, security, and sustainability. It serves various markets, such as energy and environment, space, intelligence, defense, civilian, commercial, and international markets. The company was incorporated in 2010 and is headquatered in Chantilly, Virginia.