JPMorgan Chase & Co. Begins Coverage on Amentum (NYSE:AMTM)

Key Points

• JPMorgan Chase & Co. has initiated coverage on Amentum (NYSE:AMTM) with a "neutral" rating and a price target of $30.00, indicating a potential upside of 20.24% from the previous close.
• Amentum's earnings for the last quarter were reported at $0.56 EPS, exceeding expectations of $0.53, despite revenue falling short at $2.23 billion compared to anticipated $3.51 billion.
• The consensus target price for Amentum is currently $28.55, with six analysts rating it a Buy, four rating it a Hold, and two rating it a Sell.

Stock analysts at JPMorgan Chase & Co. started coverage on shares of Amentum (NYSE:AMTM - Get Free Report) in a report released on Thursday, Marketbeat.com reports. The firm set a "neutral" rating and a $30.00 price target on the stock. JPMorgan Chase & Co.'s target price would indicate a potential upside of 20.24% from the company's previous close.

A number of other equities research analysts have also recently weighed in on AMTM. Royal Bank Of Canada increased their price target on Amentum from $24.00 to $26.00 and gave the company a "sector perform" rating in a research note on Thursday, August 7th. 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. Bank of America lifted their target price on shares of Amentum from $26.00 to $27.00 and gave the stock a "neutral" rating in a report on Wednesday, August 13th. Morgan Stanley raised their price objective on shares of Amentum from $19.00 to $20.00 and gave the stock an "underweight" rating in a research report on Thursday, September 18th. Finally, JMP Securities reaffirmed a "market outperform" rating and issued a $30.00 target price on shares of Amentum in a research report on Monday, August 18th. Six equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $28.55.

Amentum Price Performance

NYSE:AMTM opened at $24.95 on Thursday. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 0.97. The firm has a fifty day simple moving average of $24.39 and a 200 day simple moving average of $22.50. Amentum has a 1-year low of $16.01 and a 1-year high of $34.47. The stock has a market capitalization of $6.07 billion and a PE ratio of 64.14.

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. Amentum had a net margin of 0.41% and a return on equity of 10.90%. The company had revenue of $2.23 billion for the quarter, compared to analysts' expectations of $3.51 billion. The firm's revenue was up 66.2% on a year-over-year basis. Amentum has set its FY 2025 guidance at 2.050-2.200 EPS. On average, research analysts expect that Amentum will post 2.1 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Atlantic Union Bankshares Corp bought a new stake in shares of Amentum in the second quarter valued at approximately $25,000. Quarry LP acquired a new position in Amentum in the 1st quarter valued at $30,000. Signaturefd LLC lifted its position in shares of Amentum by 108.0% during the 1st 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 period. Caitong International Asset Management Co. Ltd grew its holdings in shares of Amentum by 1,517.0% during the 2nd 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 in the last quarter. Finally, FNY Investment Advisers LLC increased its position 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 period. 39.93% of the stock is owned by 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.

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