Amentum Holdings, Inc. (NYSE:AMTM) Receives Consensus Recommendation of "Hold" from Brokerages

Key Points

• Amentum Holdings, Inc. has received an average recommendation of “Hold” from brokerages, with one sell rating, four holds, and five buy ratings.
• The stock's average twelve-month price target among analysts is $27.30, with recent price targets ranging from $26.00 to $30.00 set by various firms.
• Amentum reported an earnings per share (EPS) of $0.56, exceeding expectations, while its revenue for the quarter was $2.23 billion, up 66.2% year-over-year.

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

AMTM has been the topic of a number of research analyst reports. Bank of America raised their target price on shares of Amentum from $26.00 to $27.00 and gave the company a "neutral" rating in a research note on Wednesday, August 13th. Royal Bank Of Canada raised their target price 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. JMP Securities reiterated a "market outperform" rating and issued a $30.00 target price on shares of Amentum in a research note on Monday, August 18th. The Goldman Sachs Group raised 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. Finally, Truist Financial raised their target price on shares of Amentum from $24.00 to $30.00 and gave the company a "buy" rating in a research note on Thursday, July 24th.

Amentum Stock Down 1.9%

Shares of Amentum stock traded down $0.42 during midday trading on Friday, reaching $22.23. 2,491,305 shares of the company's stock traded hands, compared to its average volume of 1,275,263. The company has a market cap of $5.41 billion and a price-to-earnings ratio of 57.00. The company's 50 day simple moving average is $24.68 and its 200 day simple moving average is $21.95. 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 52 week low of $16.01 and a 52 week high of $34.50.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of AMTM. Atlantic Union Bankshares Corp acquired a new stake in Amentum in the 2nd quarter worth $25,000. Quarry LP acquired a new stake in Amentum in the 1st quarter worth $30,000. Signaturefd LLC grew its position in Amentum by 108.0% in the 1st quarter. Signaturefd LLC now owns 1,764 shares of the company's stock worth $32,000 after purchasing an additional 916 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its position in Amentum by 1,517.0% in 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 last quarter. Finally, FNY Investment Advisers LLC grew its position in Amentum by 380.0% in the 1st quarter. FNY Investment Advisers LLC now owns 2,400 shares of the company's stock worth $43,000 after purchasing an additional 1,900 shares during the last quarter. 39.93% of the stock is currently owned by institutional investors and hedge funds.

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.