Analysts Set Amentum Holdings, Inc. (NYSE:AMTM) Price Target at $28.55

Amentum Holdings, Inc. (NYSE:AMTM) has been given an average rating of “Hold” by the twelve ratings firms that are currently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $28.5455.

AMTM has been the topic of several recent analyst reports. Bank of America increased their price target on Amentum from $26.00 to $27.00 and gave the stock a “neutral” rating in a report on Wednesday, August 13th. Royal Bank Of Canada increased their price target on Amentum from $24.00 to $26.00 and gave the stock a “sector perform” rating in a report on Thursday, August 7th. Cantor Fitzgerald upgraded Amentum from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $25.00 to $35.00 in a report on Thursday, September 25th. Truist Financial increased their price target on Amentum from $24.00 to $30.00 and gave the stock a “buy” rating in a report on Thursday, July 24th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Amentum in a report on Wednesday, October 8th.

Amentum Trading Down 1.2%

Shares of NYSE AMTM opened at $22.15 on Friday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.58 and a current ratio of 1.58. The business’s 50 day moving average price is $23.52 and its 200-day moving average price is $23.18. Amentum has a fifty-two week low of $16.01 and a fifty-two week high of $34.47. The company has a market cap of $5.39 billion, a price-to-earnings ratio of 56.79, a PEG ratio of 0.74 and a beta of 0.24.

Amentum (NYSE:AMTM) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $0.56 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $3.51 billion. Amentum’s revenue was up 66.2% on a year-over-year basis. On average, sell-side analysts expect that Amentum will post 2.1 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of AMTM. GAMMA Investing LLC increased its holdings in Amentum by 78.8% during the 1st quarter. GAMMA Investing LLC now owns 3,137 shares of the company’s stock worth $57,000 after purchasing an additional 1,383 shares during the period. KBC Group NV increased its holdings in Amentum by 14.3% during the 1st quarter. KBC Group NV now owns 7,339 shares of the company’s stock worth $134,000 after purchasing an additional 918 shares during the period. Amalgamated Bank increased its holdings in Amentum by 12.3% during the 1st quarter. Amalgamated Bank now owns 43,366 shares of the company’s stock worth $789,000 after purchasing an additional 4,756 shares during the period. New York State Teachers Retirement System increased its holdings in Amentum by 11.6% during the 1st quarter. New York State Teachers Retirement System now owns 138,486 shares of the company’s stock worth $2,520,000 after purchasing an additional 14,364 shares during the period. Finally, Oregon Public Employees Retirement Fund increased its holdings in Amentum by 12.3% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 32,800 shares of the company’s stock worth $597,000 after purchasing an additional 3,600 shares during the period. 39.93% of the stock is currently owned by hedge funds and other institutional investors.

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.