Amentum (NYSE:AMTM) Stock Rating Upgraded by Cantor Fitzgerald

Key Points

• Amentum's stock rating was upgraded by Cantor Fitzgerald from "neutral" to "overweight," suggesting a potential upside of 54.82% with a target price of $35.00.
• The company's recent earnings report revealed $0.56 earnings per share, surpassing expectations and indicating strong year-over-year revenue growth of 66.2%.
• Currently, Amentum has a consensus rating of "Moderate Buy" from analysts, with six rating it as a Buy and three as Hold.

Amentum (NYSE:AMTM - Get Free Report) was upgraded by analysts at Cantor Fitzgerald from a "neutral" rating to an "overweight" rating in a report issued on Thursday,Finviz reports. The firm currently has a $35.00 target price on the stock. Cantor Fitzgerald's target price indicates a potential upside of 54.82% from the company's current price.

Other equities research analysts have also recently issued research reports about the company. The Goldman Sachs Group boosted their price target on Amentum from $21.00 to $26.00 and gave the company a "neutral" rating in a research note on Wednesday, August 13th. JMP Securities reissued a "market 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 increased their price objective on Amentum from $24.00 to $26.00 and gave the company a "sector perform" rating in a research report on Thursday, August 7th. Bank of America upped their target price on Amentum from $26.00 to $27.00 and gave the company a "neutral" rating in a research note on Wednesday, August 13th. Finally, Raymond James Financial restated an "outperform" rating and issued a $30.00 target price on shares of Amentum in a research note on Monday, August 18th. Six equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $28.40.

Amentum Trading Up 0.2%

NYSE:AMTM opened at $22.61 on Thursday. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.58 and a quick ratio of 1.58. Amentum has a fifty-two week low of $16.01 and a fifty-two week high of $34.47. The stock's 50-day moving average is $24.53 and its two-hundred day moving average is $22.08. The stock has a market cap of $5.50 billion and a PE ratio of 57.97.

Amentum (NYSE:AMTM - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported $0.56 earnings per share for the quarter, beating the consensus estimate 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 analysts' expectations of $3.51 billion. The business's revenue for the quarter was up 66.2% on a year-over-year basis. Amentum has set its FY 2025 guidance at 2.050-2.200 EPS. As a group, equities research analysts forecast that Amentum will post 2.1 earnings per share for the current fiscal year.

Institutional Trading of Amentum

Hedge funds and other institutional investors have recently made changes to their positions in the business. Atlantic Union Bankshares Corp acquired a new stake in shares of Amentum in the second quarter valued at $25,000. Quarry LP acquired a new stake in shares of Amentum in the first quarter valued at $30,000. Signaturefd LLC increased its stake in shares of Amentum by 108.0% in the first quarter. Signaturefd LLC now owns 1,764 shares of the company's stock valued at $32,000 after buying an additional 916 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its stake in shares of Amentum by 1,517.0% in the second quarter. Caitong International Asset Management Co. Ltd now owns 1,520 shares of the company's stock valued at $36,000 after buying an additional 1,426 shares in the last quarter. Finally, FNY Investment Advisers LLC increased 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 valued at $43,000 after buying an additional 1,900 shares in the last quarter. 39.93% of the stock is currently owned by institutional investors and hedge funds.

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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