Amentum (NYSE:AMTM) Price Target Raised to $42.00

Amentum (NYSE:AMTM) had its price target lifted by Truist Financial from $34.00 to $42.00 in a research report report published on Wednesday, Marketbeat Ratings reports. The firm currently has a buy rating on the stock.

Other analysts have also issued reports about the company. UBS Group started coverage on Amentum in a research report on Wednesday, November 19th. They issued a “neutral” rating and a $25.00 price objective for the company. Citizens Jmp raised their target price on shares of Amentum from $35.00 to $40.00 and gave the company a “market outperform” rating in a research note on Monday, January 12th. BTIG Research boosted their price target on shares of Amentum from $30.00 to $35.00 and gave the stock a “buy” rating in a research note on Wednesday, December 3rd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Amentum in a research note on Monday, December 29th. Finally, Wall Street Zen lowered shares of Amentum from a “strong-buy” rating to a “buy” rating in a report on Sunday, December 28th. Seven research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $34.50.

Amentum Stock Performance

Shares of Amentum stock opened at $34.84 on Wednesday. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.32 and a quick ratio of 1.32. The firm has a 50 day simple moving average of $28.77 and a 200 day simple moving average of $25.66. Amentum has a fifty-two week low of $16.01 and a fifty-two week high of $35.00. The firm has a market cap of $8.49 billion, a P/E ratio of 129.04, a P/E/G ratio of 1.01 and a beta of -0.01.

Amentum (NYSE:AMTM) last announced its quarterly earnings data on Monday, November 24th. The company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.04. The firm had revenue of $3.93 billion for the quarter, compared to analyst estimates of $3.61 billion. Amentum had a return on equity of 11.57% and a net margin of 0.46%.The firm’s revenue was up 10.1% compared to the same quarter last year. Sell-side analysts predict that Amentum will post 2.1 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Amentum

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Atlantic Union Bankshares Corp bought a new stake in shares of Amentum in the 2nd quarter valued at $25,000. Blue Trust Inc. grew its stake in Amentum by 116.5% in the third quarter. Blue Trust Inc. now owns 1,204 shares of the company’s stock valued at $29,000 after acquiring an additional 648 shares during the period. Mather Group LLC. acquired a new position in Amentum in the third quarter valued at about $32,000. Caitong International Asset Management Co. Ltd raised its position in shares of Amentum by 1,517.0% during the second quarter. Caitong International Asset Management Co. Ltd now owns 1,520 shares of the company’s stock worth $36,000 after purchasing an additional 1,426 shares during the period. Finally, Smartleaf Asset Management LLC raised its position in shares of Amentum by 433.5% during the second quarter. Smartleaf Asset Management LLC now owns 1,814 shares of the company’s stock worth $43,000 after purchasing an additional 1,474 shares during the period. 39.93% of the stock is owned by institutional investors.

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.