Analysts Set Amentum Holdings, Inc. (NYSE:AMTM) Price Target at $25.22

Shares of Amentum Holdings, Inc. (NYSE:AMTM - Get Free Report) have earned an average recommendation of "Hold" from the nine research firms that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $25.89.

Several brokerages recently issued reports on AMTM. Morgan Stanley began coverage on shares of Amentum in a research report on Wednesday, April 16th. They issued an "underweight" rating and a $19.00 target price for the company. Citizens Jmp began coverage on shares of Amentum in a research report on Monday, May 12th. They issued an "outperform" rating and a $30.00 target price for the company. Bank of America began coverage on shares of Amentum in a research report on Tuesday, June 10th. They issued a "neutral" rating and a $24.00 target price for the company. BTIG Research began coverage on shares of Amentum in a research report on Tuesday, April 15th. They issued a "buy" rating and a $30.00 target price for the company. Finally, Royal Bank Of Canada set a $24.00 target price on shares of Amentum and gave the stock a "sector perform" rating in a research report on Wednesday, May 21st.

Amentum Stock Performance

Shares of AMTM traded up $0.25 during mid-day trading on Thursday, reaching $25.56. 817,510 shares of the stock traded hands, compared to its average volume of 1,488,565. The firm has a fifty day moving average price of $22.90 and a 200 day moving average price of $21.07. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 1.01. Amentum has a 1 year low of $16.01 and a 1 year high of $34.50.

Amentum (NYSE:AMTM - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.53 EPS for the quarter, beating analysts' consensus estimates of $0.48 by $0.05. The firm had revenue of $3.49 billion for the quarter, compared to analysts' expectations of $3.44 billion. Equities analysts expect that Amentum will post 2.1 EPS for the current fiscal year.

Institutional Trading of Amentum

Several hedge funds have recently added to or reduced their stakes in AMTM. Wesbanco Bank Inc. raised its stake in shares of Amentum by 1.7% during the second quarter. Wesbanco Bank Inc. now owns 24,466 shares of the company's stock valued at $578,000 after acquiring an additional 416 shares during the last quarter. UMB Bank n.a. raised its stake in shares of Amentum by 11.6% during the second quarter. UMB Bank n.a. now owns 4,121 shares of the company's stock valued at $97,000 after acquiring an additional 430 shares during the last quarter. Signaturefd LLC raised its stake in shares of 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 acquiring an additional 477 shares during the last quarter. CIBC Private Wealth Group LLC raised its stake in shares of Amentum by 9.7% during the fourth quarter. CIBC Private Wealth Group LLC now owns 7,639 shares of the company's stock valued at $164,000 after acquiring an additional 675 shares during the last quarter. Finally, Intrinsic Value Partners LLC raised its stake in shares of Amentum by 5.0% during the second quarter. Intrinsic Value Partners LLC now owns 16,679 shares of the company's stock valued at $394,000 after acquiring an additional 791 shares during the last quarter. 39.93% of the stock is owned by institutional investors.

Amentum Company Profile

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.