Amentum (NYSE:AMTM) Stock Price Expected to Rise, Morgan Stanley Analyst Says

Key Points

• Morgan Stanley raised Amentum's price target from $19.00 to $20.00, maintaining an "underweight" rating, which suggests a potential downside of 10.03% from the current stock price.
• Other analysts have a more positive outlook, with Raymond James and JMP Securities setting price objectives of $30.00, indicating a stronger consensus on the stock's potential performance.
• Amentum reported $0.56 earnings per share for the last quarter, surpassing expectations, alongside year-over-year revenue growth of 66.2%.

Amentum (NYSE:AMTM - Get Free Report) had its price target hoisted by equities researchers at Morgan Stanley from $19.00 to $20.00 in a report issued on Thursday, Marketbeat.com reports. The firm currently has an "underweight" rating on the stock. Morgan Stanley's price target points to a potential downside of 11.27% from the stock's current price.

Other analysts have also issued research reports about the company. Raymond James Financial reiterated an "outperform" rating and set a $30.00 price objective on shares of Amentum in a report on Monday, August 18th. JMP Securities restated 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 Amentum from $21.00 to $26.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 13th. Truist Financial raised their target price on Amentum from $24.00 to $30.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. Finally, Bank of America raised their target price on Amentum from $26.00 to $27.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 13th. Five equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $27.40.

Amentum Price Performance

Shares of Amentum stock traded up $0.19 during trading hours on Thursday, hitting $22.54. The company's stock had a trading volume of 760,970 shares, compared to its average volume of 2,158,818. The business has a 50 day moving average price of $24.62 and a two-hundred day moving average price of $22.05. Amentum has a 12-month low of $16.01 and a 12-month high of $34.50. The company has a market cap of $5.48 billion and a PE ratio of 57.75. 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 (NYSE:AMTM - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.56 EPS for the quarter, beating the consensus estimate 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 return on equity of 10.90% and a net margin of 0.41%.The firm'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. Analysts expect that Amentum will post 2.1 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of AMTM. Nuveen LLC purchased a new stake in shares of Amentum during the 1st quarter valued at approximately $5,238,000. Principal Financial Group Inc. raised its position in shares of Amentum by 18.3% during 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 period. Amalgamated Bank raised its position in shares of Amentum by 12.3% during 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 period. KBC Group NV increased its holdings in 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 purchasing an additional 918 shares during the last quarter. Finally, Janney Montgomery Scott LLC acquired a new stake in Amentum in the 1st quarter valued at approximately $615,000. 39.93% of the stock is owned by hedge funds and other institutional investors.

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.