Amentum (NYSE:AMTM) Receives Sell (D+) Rating from Weiss Ratings

Key Points

• Amentum's stock has been given a Sell (D+) rating by Weiss Ratings, amidst mixed analyst sentiments, with some raising their price targets significantly.
• The company reported a 66.2% increase in revenue compared to the same quarter last year, yet earnings per share slightly exceeded analyst expectations.
• Amentum's stock is currently trading at $25.19, with a market cap of $6.13 billion and varying ratings from six analysts who favor a buy to two issuing sell ratings.

Amentum (NYSE:AMTM - Get Free Report)'s stock had its "sell (d+)" rating reiterated by equities research analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

A number of other equities research analysts have also commented on the company. Truist Financial increased their price target on Amentum from $24.00 to $30.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. Raymond James Financial reissued an "outperform" rating and issued a $30.00 price objective on shares of Amentum in a research report on Monday, August 18th. Royal Bank Of Canada lifted their target price on Amentum from $24.00 to $26.00 and gave the stock a "sector perform" rating in a research note on Thursday, August 7th. Bank of America increased their target price on shares of Amentum from $26.00 to $27.00 and gave the company a "neutral" rating in a research report on Wednesday, August 13th. Finally, Cantor Fitzgerald raised Amentum from a "neutral" rating to an "overweight" rating and raised their target price for the stock from $25.00 to $35.00 in a research report on Thursday, September 25th. Six research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Amentum currently has a consensus rating of "Hold" and an average price target of $28.40.

Amentum Stock Down 0.2%

NYSE:AMTM traded down $0.06 on Wednesday, hitting $25.19. The stock had a trading volume of 1,416,349 shares, compared to its average volume of 2,154,746. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.97. Amentum has a 52 week low of $16.01 and a 52 week high of $34.47. The business's fifty day moving average is $24.38 and its 200 day moving average is $22.48. The company has a market cap of $6.13 billion and a PE ratio of 64.59.

Amentum (NYSE:AMTM - Get Free Report) last issued its earnings results 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 return on equity of 10.90% and a net margin of 0.41%.The company had revenue of $2.23 billion for the quarter, compared to analyst estimates of $3.51 billion. 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. On average, equities research analysts expect that Amentum will post 2.1 EPS for the current fiscal year.

Hedge Funds Weigh In On Amentum

A number of hedge funds and other institutional investors have recently bought and sold shares of AMTM. Atlantic Union Bankshares Corp bought a new position in shares of Amentum in the second quarter worth approximately $25,000. Quarry LP purchased a new position in shares of Amentum in the first quarter valued at about $30,000. Signaturefd LLC raised its stake in shares of Amentum by 108.0% during the first quarter. Signaturefd LLC now owns 1,764 shares of the company's stock valued at $32,000 after acquiring an additional 916 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Amentum by 1,517.0% during the second 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 period. Finally, FNY Investment Advisers LLC grew its stake in shares of Amentum by 380.0% in the first 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. 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.

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