Analysts Set Amentum Holdings, Inc. (NYSE:AMTM) Price Target at $25.38

Amentum Holdings, Inc. (NYSE:AMTM - Get Free Report) has been assigned an average rating of "Hold" from the eight analysts that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $25.38.

Several equities analysts have commented on AMTM shares. The Goldman Sachs Group started coverage on shares of Amentum in a research report on Thursday, March 20th. They set a "neutral" rating and a $21.00 price objective for the company. BTIG Research began coverage on shares of Amentum in a report on Tuesday, April 15th. They issued a "buy" rating and a $30.00 price target for the company. Truist Financial reduced their price objective on Amentum from $31.00 to $24.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Morgan Stanley initiated coverage on Amentum in a research report on Wednesday, April 16th. They set an "underweight" rating and a $19.00 price objective on the stock. Finally, Cantor Fitzgerald upgraded Amentum to a "hold" rating in a report on Tuesday, February 25th.

Institutional Investors Weigh In On Amentum

Institutional investors and hedge funds have recently modified their holdings of the business. American Securities LLC bought a new position in Amentum in the 1st quarter valued at $798,869,000. Invesco Ltd. boosted its stake in shares of Amentum by 24.1% during the first quarter. Invesco Ltd. now owns 17,191,110 shares of the company's stock valued at $312,878,000 after purchasing an additional 3,334,871 shares during the period. Vanguard Group Inc. grew its holdings in shares of Amentum by 18.0% in the fourth quarter. Vanguard Group Inc. now owns 16,542,447 shares of the company's stock worth $347,888,000 after purchasing an additional 2,529,173 shares during the last quarter. Kovitz Investment Group Partners LLC grew its holdings in shares of Amentum by 10,851.5% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 14,787,345 shares of the company's stock worth $310,978,000 after purchasing an additional 14,652,319 shares during the last quarter. Finally, Primecap Management Co. CA increased its stake in Amentum by 56.9% in the 1st quarter. Primecap Management Co. CA now owns 10,061,589 shares of the company's stock worth $183,121,000 after buying an additional 3,647,210 shares during the period. 39.93% of the stock is owned by institutional investors.

Amentum Stock Up 4.2%

Amentum stock traded up $0.92 during midday trading on Wednesday, reaching $22.75. 2,329,364 shares of the stock traded hands, compared to its average volume of 2,766,867. The stock's fifty day moving average is $20.13 and its 200-day moving average is $20.79. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.59 and a quick ratio of 1.59. Amentum has a 12 month low of $16.01 and a 12 month high of $34.47.

Amentum (NYSE:AMTM - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate 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. As a group, analysts predict 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.