Amentum’s (AMTM) Market Outperform Rating Reiterated at JMP Securities

JMP Securities reissued their market outperform rating on shares of Amentum (NYSE:AMTM) in a research note published on Monday,Benzinga reports. They currently have a $30.00 price target on the stock.

Several other equities research analysts have also recently weighed in on the company. Bank of America upped their target price 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 lifted their price objective on Amentum from $24.00 to $26.00 and gave the company a “sector perform” rating in a report on Thursday, August 7th. The Goldman Sachs Group increased their target price on shares of Amentum from $21.00 to $26.00 and gave the stock a “neutral” rating in a report on Wednesday, August 13th. Citizens Jmp initiated coverage on shares of Amentum in a research report on Monday, May 12th. They set an “outperform” rating and a $30.00 target price on the stock. Finally, Truist Financial upped their price target on shares of Amentum from $24.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, July 24th. Five research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $27.30.

Amentum Price Performance

Shares of AMTM stock opened at $24.1450 on Monday. The company has a market capitalization of $5.88 billion and a P/E ratio of 61.91. The company’s 50-day simple moving average is $24.26 and its two-hundred day simple moving average is $21.46. Amentum has a one year low of $16.01 and a one year high of $34.50. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.58 and a quick ratio of 1.58.

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

Institutional Investors Weigh In On Amentum

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Wesbanco Bank Inc. grew its holdings in Amentum by 1.7% in the second quarter. Wesbanco Bank Inc. now owns 24,466 shares of the company’s stock worth $578,000 after purchasing an additional 416 shares during the last quarter. Intact Investment Management Inc. boosted its position in shares of Amentum by 6.1% in the 2nd quarter. Intact Investment Management Inc. now owns 7,319 shares of the company’s stock worth $173,000 after purchasing an additional 419 shares in the last quarter. UMB Bank n.a. boosted its position in shares of Amentum by 11.6% in the 2nd quarter. UMB Bank n.a. now owns 4,121 shares of the company’s stock worth $97,000 after purchasing an additional 430 shares in the last quarter. MAI Capital Management grew its stake in Amentum by 12.3% during the 2nd quarter. MAI Capital Management now owns 4,259 shares of the company’s stock worth $101,000 after buying an additional 468 shares during the last quarter. Finally, Signaturefd LLC increased its position in Amentum by 27.0% during the 2nd quarter. Signaturefd LLC now owns 2,241 shares of the company’s stock valued at $53,000 after buying an additional 477 shares in the last quarter. Hedge funds and other institutional investors own 39.93% of the company’s stock.

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.