Amentum Holdings, Inc. (NYSE:AMTM) Given Consensus Rating of "Hold" by Brokerages

Key Points

• Amentum Holdings, Inc. has been given an average rating of "Hold" by eleven analysts who cover the stock, with a twelve-month price objective averaging $28.40.
• Recent price target updates saw Goldman Sachs increase their target to $26.00 from $21.00, while JMP Securities set a $30.00 price objective, maintaining a "market outperform" rating.
• Amentum reported earnings of $0.56 per share for the last quarter, outperforming analysts' estimates, although total revenue of $2.23 billion fell short of expectations of $3.51 billion.

Shares of Amentum Holdings, Inc. (NYSE:AMTM - Get Free Report) have received an average rating of "Hold" from the eleven analysts that are currently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $28.40.

Several equities analysts recently commented on the stock. The Goldman Sachs Group upped their target price on shares of Amentum from $21.00 to $26.00 and gave the company a "neutral" rating in a research note on Wednesday, August 13th. Morgan Stanley increased their price objective on shares of Amentum from $19.00 to $20.00 and gave the company an "underweight" rating in a research note on Thursday, September 18th. Weiss Ratings restated a "sell (d+)" rating on shares of Amentum in a research note on Saturday, September 27th. Royal Bank Of Canada increased their price objective on shares of Amentum from $24.00 to $26.00 and gave the company a "sector perform" rating in a research note on Thursday, August 7th. Finally, JMP Securities restated a "market outperform" rating and issued a $30.00 price objective on shares of Amentum in a research note on Monday, August 18th.

Institutional Investors Weigh In On Amentum

Several large investors have recently made changes to their positions in the company. Wesbanco Bank Inc. grew its holdings in shares of Amentum by 1.7% in the 2nd quarter. Wesbanco Bank Inc. now owns 24,466 shares of the company's stock worth $578,000 after purchasing an additional 416 shares during the last quarter. Intact Investment Management Inc. grew its holdings in shares of Amentum by 6.1% in the 2nd quarter. Intact Investment Management Inc. now owns 7,319 shares of the company's stock worth $173,000 after purchasing an additional 419 shares during the last quarter. UMB Bank n.a. grew its holdings in shares of Amentum by 11.6% in the 2nd quarter. UMB Bank n.a. now owns 4,121 shares of the company's stock worth $97,000 after purchasing an additional 430 shares during the last quarter. MAI Capital Management grew its holdings in shares of 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 during the last quarter. Finally, Signaturefd LLC grew its holdings in shares of 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 during the last quarter. Institutional investors own 39.93% of the company's stock.

Amentum Stock Performance

AMTM stock opened at $26.28 on Tuesday. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.97. The company has a market capitalization of $6.39 billion and a price-to-earnings ratio of 67.39. Amentum has a 12 month low of $16.01 and a 12 month high of $34.47. The firm has a 50 day moving average of $24.37 and a two-hundred day moving average of $22.46.

Amentum (NYSE:AMTM - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.56 earnings per share for the quarter, topping analysts' consensus estimates of $0.53 by $0.03. Amentum had a net margin of 0.41% and a return on equity of 10.90%. The business had revenue of $2.23 billion during the quarter, compared to analysts' expectations of $3.51 billion. Amentum'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, equities analysts anticipate that Amentum will post 2.1 EPS for the current fiscal year.

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.

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