Amentum Holdings, Inc. (NYSE:AMTM) Stock Has Consensus Target Price of $28.91 According to Analysts

Key Points

• Analyst sentiment is mostly neutral: Eight of 13 analysts rate Amentum “Hold” and five rate it “Buy”; the average 12-month price target is $28.91.
• Recent broker updates included lower price targets from JPMorgan, to $26, and Bank of America, to $30, both with neutral ratings.
• Amentum reported quarterly EPS of $0.67, beating the $0.61 consensus, but revenue of $3.49 billion fell short of estimates and was down 2% year over year.

Shares of Amentum Holdings, Inc. (NYSE:AMTM - Get Free Report) have been assigned an average rating of "Hold" from the thirteen research firms that are covering the firm, MarketBeat.com reports. Eight equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $28.91.

Several analysts recently commented on AMTM shares. The Goldman Sachs Group set a $24.00 price target on shares of Amentum in a research report on Thursday, August 20th. Wall Street Zen upgraded shares of Amentum from a "hold" rating to a "buy" rating in a research note on Sunday. JPMorgan Chase & Co. lowered their price objective on shares of Amentum from $31.00 to $26.00 and set a "neutral" rating on the stock in a research report on Monday, August 17th. Weiss Ratings upgraded shares of Amentum from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Thursday, October 29th. Finally, Bank of America reduced their target price on shares of Amentum from $35.00 to $30.00 and set a "neutral" rating for the company in a report on Monday, July 20th.

Hedge Funds Weigh In On Amentum

A number of hedge funds and other institutional investors have recently made changes to their positions in AMTM. Private Advisor Group LLC acquired a new stake in Amentum during the 3rd quarter worth approximately $242,000. Public Sector Pension Investment Board increased its holdings in shares of Amentum by 22.3% in the third quarter. Public Sector Pension Investment Board now owns 646,980 shares of the company's stock valued at $12,040,000 after purchasing an additional 118,159 shares during the period. Carlson Capital L.P. acquired a new position in shares of Amentum in the third quarter valued at approximately $852,000. Bessemer Group Inc. raised its stake in shares of Amentum by 2.7% during the third quarter. Bessemer Group Inc. now owns 129,460 shares of the company's stock worth $2,346,000 after purchasing an additional 3,353 shares during the last quarter. Finally, Danske Bank A S raised its stake in shares of Amentum by 14.1% during the third quarter. Danske Bank A S now owns 9,738 shares of the company's stock worth $176,000 after purchasing an additional 1,202 shares during the last quarter. Hedge funds and other institutional investors own 39.93% of the company's stock.

Amentum Trading Up 3.7%

AMTM opened at $23.16 on Wednesday. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.79. Amentum has a 52 week low of $17.72 and a 52 week high of $38.11. The business's 50 day moving average is $20.05 and its two-hundred day moving average is $24.13. The firm has a market cap of $5.66 billion, a price-to-earnings ratio of 27.90, a price-to-earnings-growth ratio of 0.60 and a beta of 0.15.

Amentum (NYSE:AMTM - Get Free Report) last posted its quarterly earnings data on Monday, August 10th. The company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.06. The business had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.57 billion. Amentum had a return on equity of 12.19% and a net margin of 1.44%. The company's revenue was down 2.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.56 earnings per share. On average, research analysts predict that Amentum will post 2.38 EPS for the current year.

Amentum Company Profile

Amentum is a provider of engineering, technical and mission-support services for government and commercial customers. Its work includes managing and operating facilities and infrastructure, maintaining equipment, providing logistics and program-management support, and delivering technology and cybersecurity services. The company serves customers in areas including defense, intelligence, space, energy and environmental remediation. Its clients include U.S. government agencies and customers in other countries, with work spanning operations and support as well as complex engineering and technology projects.

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