Amentum (NYSE:AMTM) Price Target Raised to $20.00 at Morgan Stanley

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 target price lifted by equities research analysts at Morgan Stanley from $19.00 to $20.00 in a research report issued on Thursday, Marketbeat.com reports. The brokerage currently has an "underweight" rating on the stock. Morgan Stanley's target price points to a potential downside of 10.27% from the company's previous close.

Several other analysts also recently weighed in on the company. Bank of America lifted their price objective on Amentum from $26.00 to $27.00 and gave the company a "neutral" rating in a report on Wednesday, August 13th. The Goldman Sachs Group increased their price target on shares of Amentum from $21.00 to $26.00 and gave the company a "neutral" rating in a research report on Wednesday, August 13th. Raymond James Financial reissued an "outperform" rating and set a $30.00 price target on shares of Amentum in a research report on Monday, August 18th. JMP Securities reissued a "market outperform" rating and set a $30.00 price target on shares of Amentum in a research report on Monday, August 18th. Finally, Royal Bank Of Canada increased their price target on shares of Amentum from $24.00 to $26.00 and gave the company a "sector perform" rating in a research report on Thursday, August 7th. Five analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $27.40.

Amentum Trading Up 0.1%

NYSE AMTM traded up $0.02 on Thursday, hitting $22.29. 3,111,432 shares of the stock were exchanged, compared to its average volume of 1,438,739. The firm has a market capitalization of $5.42 billion and a P/E ratio of 57.16. Amentum has a 52-week low of $16.01 and a 52-week high of $34.50. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.58 and a current ratio of 1.58. The stock has a fifty day moving average price of $24.62 and a two-hundred day moving average price of $22.02.

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. American Securities LLC raised its holdings in shares of Amentum by 2.6% during the 2nd quarter. American Securities LLC now owns 45,026,743 shares of the company's stock worth $1,063,081,000 after acquiring an additional 1,132,839 shares during the period. Invesco Ltd. raised its holdings in Amentum by 13.9% in the 2nd quarter. Invesco Ltd. now owns 19,577,241 shares of the company's stock valued at $462,219,000 after buying an additional 2,386,131 shares during the period. Primecap Management Co. CA raised its holdings in Amentum by 19.6% in the 2nd quarter. Primecap Management Co. CA now owns 12,030,656 shares of the company's stock valued at $284,044,000 after buying an additional 1,969,067 shares during the period. State Street Corp raised its holdings in Amentum by 7.6% in the 2nd quarter. State Street Corp now owns 7,078,249 shares of the company's stock valued at $167,117,000 after buying an additional 501,898 shares during the period. Finally, Frontier Capital Management Co. LLC grew its position in Amentum by 52.6% in the 2nd quarter. Frontier Capital Management Co. LLC now owns 5,460,743 shares of the company's stock valued at $128,928,000 after acquiring an additional 1,882,011 shares in the last quarter. Hedge funds and other institutional investors own 39.93% of the company's stock.

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.