Amentum Holdings, Inc. (NYSE:AMTM) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Amentum Holdings, Inc. (NYSE:AMTM) have been assigned a consensus recommendation of “Hold” from the twelve research firms that are currently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and six have given a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $28.5455.

Several research firms recently weighed in on AMTM. Bank of America lifted their target price on shares of Amentum from $26.00 to $27.00 and gave the company a “neutral” rating in a report on Wednesday, August 13th. JMP Securities restated a “market outperform” rating and set a $30.00 price objective on shares of Amentum in a research note on Monday, August 18th. Weiss Ratings restated a “sell (d+)” rating on shares of Amentum in a research note on Wednesday. Royal Bank Of Canada boosted their price objective on Amentum from $24.00 to $26.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 7th. Finally, JPMorgan Chase & Co. began coverage on Amentum in a research note on Thursday. They set a “neutral” rating and a $30.00 price objective on the stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of AMTM. American Securities LLC acquired a new position in shares of Amentum during the first quarter worth about $798,869,000. Primecap Management Co. CA lifted its stake in shares of Amentum by 56.9% in the first quarter. Primecap Management Co. CA now owns 10,061,589 shares of the company’s stock worth $183,121,000 after acquiring an additional 3,647,210 shares in the last quarter. Invesco Ltd. lifted its stake in shares of Amentum by 24.1% in the first quarter. Invesco Ltd. now owns 17,191,110 shares of the company’s stock worth $312,878,000 after acquiring an additional 3,334,871 shares in the last quarter. Norges Bank purchased a new stake in Amentum during the 2nd quarter worth approximately $51,015,000. Finally, Frontier Capital Management Co. LLC increased its holdings in Amentum by 52.6% during the 2nd quarter. Frontier Capital Management Co. LLC now owns 5,460,743 shares of the company’s stock worth $128,928,000 after purchasing an additional 1,882,011 shares during the last quarter. Institutional investors and hedge funds own 39.93% of the company’s stock.

Amentum Price Performance

AMTM stock opened at $23.34 on Tuesday. The stock has a 50-day moving average price of $24.35 and a two-hundred day moving average price of $22.59. Amentum has a 12-month low of $16.01 and a 12-month high of $34.47. 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 company has a market cap of $5.68 billion and a PE ratio of 59.85.

Amentum (NYSE:AMTM) last posted its quarterly 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 return on equity of 10.90% and a net margin of 0.41%.The firm had revenue of $2.23 billion during the quarter, compared to the consensus estimate 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, research analysts predict that Amentum will post 2.1 EPS for the current year.

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.