Amentum (NYSE:AMTM) Cut to Buy at Wall Street Zen

Wall Street Zen cut shares of Amentum (NYSE:AMTM) from a strong-buy rating to a buy rating in a report issued on Sunday morning.

Other equities analysts also recently issued reports about the company. JPMorgan Chase & Co. lifted their price target on shares of Amentum from $30.00 to $34.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 26th. BTIG Research boosted their target price on Amentum from $30.00 to $35.00 and gave the company a “buy” rating in a report on Wednesday, December 3rd. UBS Group began coverage on Amentum in a research report on Wednesday, November 19th. They issued a “neutral” rating and a $25.00 target price for the company. Citigroup reaffirmed an “outperform” rating on shares of Amentum in a research report on Wednesday, November 26th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Amentum in a report on Monday, December 22nd. Seven research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $32.17.

Amentum Price Performance

NYSE:AMTM opened at $29.31 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 business’s 50-day simple moving average is $26.11 and its two-hundred day simple moving average is $24.81. Amentum has a 52 week low of $16.01 and a 52 week high of $31.87. The stock has a market cap of $7.14 billion and a PE ratio of 108.56.

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. American Securities LLC increased its holdings in shares of Amentum by 2.6% in the 2nd quarter. American Securities LLC now owns 45,026,743 shares of the company’s stock valued at $1,063,081,000 after acquiring an additional 1,132,839 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Amentum by 13.0% in the third quarter. Invesco Ltd. now owns 22,116,835 shares of the company’s stock valued at $529,698,000 after acquiring an additional 2,539,594 shares in the last quarter. Primecap Management Co. CA raised its stake in shares of Amentum by 19.6% in the 2nd quarter. Primecap Management Co. CA now owns 12,030,656 shares of the company’s stock worth $284,044,000 after buying an additional 1,969,067 shares in the last quarter. State Street Corp lifted its stake in Amentum by 7.6% during the second quarter. State Street Corp now owns 7,078,249 shares of the company’s stock valued at $167,117,000 after purchasing an additional 501,898 shares during the last quarter. Finally, Frontier Capital Management Co. LLC grew its holdings in shares of Amentum by 52.6% in the 2nd quarter. Frontier Capital Management Co. LLC now owns 5,460,743 shares of the company’s stock worth $128,928,000 after acquiring an additional 1,882,011 shares during the last quarter. 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.