Brokerages Set Amentum Holdings, Inc. (NYSE:AMTM) Price Target at $27.30

Shares of Amentum Holdings, Inc. (NYSE:AMTM) have been given a consensus rating of “Hold” by the ten ratings firms that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation and five have given a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $27.40.

Several research analysts have recently issued reports on AMTM shares. Morgan Stanley raised their target price on shares of Amentum from $19.00 to $20.00 and gave the company an “underweight” rating in a research note on Thursday. The Goldman Sachs Group increased their price target on shares of Amentum from $21.00 to $26.00 and gave the company a “neutral” rating in a research report on Wednesday, August 13th. JMP Securities reiterated a “market outperform” rating and issued a $30.00 price target on shares of Amentum in a research report on Monday, August 18th. Raymond James Financial reiterated an “outperform” rating and issued a $30.00 price target on shares of Amentum in a research report on Monday, August 18th. Finally, Bank of America increased their price target on shares of Amentum from $26.00 to $27.00 and gave the company a “neutral” rating in a research report on Wednesday, August 13th.

Amentum Stock Up 0.0%

Shares of NYSE AMTM opened at $22.25 on Friday. The firm has a market capitalization of $5.41 billion and a PE ratio of 57.05. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 0.97. Amentum has a 1 year low of $16.01 and a 1 year high of $34.50. The firm’s 50-day moving average is $24.64 and its 200-day moving average is $21.98.

Amentum (NYSE:AMTM) last issued its earnings results on Tuesday, August 5th. The company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.03. The company had revenue of $2.23 billion for the quarter, compared to analyst estimates of $3.51 billion. Amentum had a net margin of 0.41% and a return on equity of 10.90%. The company’s revenue for the quarter was up 66.2% compared to the same quarter last year. Amentum has set its FY 2025 guidance at 2.050-2.200 EPS. Equities analysts expect that Amentum will post 2.1 EPS for the current year.

Institutional Trading of Amentum

Hedge funds have recently modified their holdings of the company. Atlantic Union Bankshares Corp acquired a new stake in shares of Amentum in the 2nd quarter valued at approximately $25,000. Quarry LP acquired a new stake in Amentum during the 1st quarter worth approximately $30,000. Signaturefd LLC raised its holdings in Amentum by 108.0% during the 1st quarter. Signaturefd LLC now owns 1,764 shares of the company’s stock worth $32,000 after buying an additional 916 shares during the period. Caitong International Asset Management Co. Ltd raised its holdings in 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 buying an additional 1,426 shares during the period. Finally, FNY Investment Advisers LLC raised its holdings in Amentum by 380.0% during the 1st quarter. FNY Investment Advisers LLC now owns 2,400 shares of the company’s stock worth $43,000 after buying an additional 1,900 shares during the period. 39.93% of the stock is currently owned by institutional investors and hedge funds.

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.