Amentum (NYSE:AMTM) Stock Rating Upgraded by Wall Street Zen

Amentum (NYSE:AMTM) was upgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research note issued on Friday.

AMTM has been the subject of several other research reports. Citigroup reiterated an “outperform” rating on shares of Amentum in a research report on Monday, January 12th. Citizens Jmp raised their target price on Amentum from $35.00 to $40.00 and gave the company a “market outperform” rating in a research note on Monday, January 12th. JPMorgan Chase & Co. lifted their price target on Amentum from $30.00 to $34.00 and gave the company a “neutral” rating in a report on Wednesday, November 26th. Bank of America increased their price objective on shares of Amentum from $27.00 to $30.00 and gave the stock a “neutral” rating in a report on Wednesday, December 31st. Finally, JMP Securities set a $35.00 price objective on shares of Amentum in a research report on Wednesday, November 26th. Seven investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $34.50.

Amentum Price Performance

NYSE:AMTM opened at $35.38 on Friday. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.84. The firm has a market cap of $8.62 billion, a PE ratio of 131.04, a price-to-earnings-growth ratio of 1.04 and a beta of -0.01. Amentum has a 12 month low of $16.01 and a 12 month high of $36.00. The company’s 50-day moving average price is $30.00 and its two-hundred day moving average price is $26.05.

Amentum (NYSE:AMTM) last posted its quarterly earnings data on Monday, November 24th. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.04. The company had revenue of $3.93 billion during the quarter, compared to analyst estimates of $3.61 billion. Amentum had a net margin of 0.46% and a return on equity of 11.57%. The business’s revenue was up 10.1% on a year-over-year basis. On average, equities analysts anticipate that Amentum will post 2.1 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in AMTM. Atlantic Union Bankshares Corp acquired a new stake in shares of Amentum during the 2nd quarter worth approximately $25,000. Blue Trust Inc. grew its holdings in Amentum by 116.5% during the 3rd quarter. Blue Trust Inc. now owns 1,204 shares of the company’s stock worth $29,000 after acquiring an additional 648 shares during the period. Mather Group LLC. bought a new stake in shares of Amentum during the 3rd quarter valued at $32,000. Caitong International Asset Management Co. Ltd raised its position 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 valued at $36,000 after acquiring an additional 1,426 shares during the last quarter. Finally, Financial Consulate Inc. acquired a new position in shares of Amentum in the 4th quarter valued at $38,000. 39.93% of the stock is currently owned by institutional investors and hedge funds.

Amentum Company Profile

Amentum is a government services provider specializing in mission-critical solutions for defense, federal civilian and commercial customers around the globe. The company delivers integrated services that span the full lifecycle of complex programs and facilities, including engineering, program and project management, logistics, operations, maintenance and environmental remediation.

Core offerings include infrastructure support, energy and facilities management, environmental solutions and nuclear services.