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

Shares of Amentum Holdings, Inc. (NYSE:AMTM) have been given a consensus recommendation of “Hold” by the fifteen brokerages that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $32.00.

A number of research analysts have issued reports on AMTM shares. BTIG Research reaffirmed a “buy” rating and issued a $35.00 target price on shares of Amentum in a report on Thursday, May 14th. Zacks Research upgraded Amentum from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 21st. Royal Bank Of Canada lowered their target price on Amentum from $35.00 to $28.00 and set a “sector perform” rating on the stock in a report on Wednesday, May 13th. Weiss Ratings downgraded Amentum from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, June 23rd. Finally, Morgan Stanley assumed coverage on shares of Amentum in a research note on Wednesday, May 13th. They issued an “equal weight” rating and a $30.00 price objective on the stock.

Amentum Price Performance

Shares of NYSE:AMTM opened at $24.78 on Monday. Amentum has a 52 week low of $19.80 and a 52 week high of $38.11. The company has a 50-day moving average price of $21.87 and a 200 day moving average price of $26.15. The company has a market cap of $6.05 billion, a P/E ratio of 41.30, a PEG ratio of 0.72 and a beta of 0.30. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.83.

Amentum (NYSE:AMTM) last released its earnings results on Monday, May 11th. The company reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.02. Amentum had a return on equity of 11.74% and a net margin of 1.04%.The company had revenue of $3.48 billion during the quarter, compared to the consensus estimate of $3.47 billion. During the same quarter last year, the company earned $0.53 earnings per share. Amentum’s quarterly revenue was down .4% compared to the same quarter last year. Research analysts predict that Amentum will post 2.36 earnings per share for the current year.

Institutional Trading of Amentum

Large investors have recently made changes to their positions in the stock. Los Angeles Capital Management LLC purchased a new stake in shares of Amentum in the fourth quarter valued at $26,000. Global Retirement Partners LLC acquired a new stake in shares of Amentum in the second quarter worth $31,000. Western Wealth Management LLC acquired a new stake in Amentum in the 1st quarter valued at $33,000. NFSG Corp acquired a new position in Amentum during the 1st quarter worth approximately $35,000. Finally, Financial Consulate Inc. acquired a new position in shares of Amentum during the fourth quarter worth $38,000. Institutional investors and hedge funds own 39.93% of the company’s stock.

About Amentum

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.