Amentum (NYSE:AMTM) Downgraded by Wall Street Zen to Buy

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

Several other equities analysts have also issued reports on the stock. JPMorgan Chase & Co. boosted their price target on shares of Amentum from $30.00 to $34.00 and gave the company a “neutral” rating in a report on Wednesday, November 26th. Citizens Jmp lifted their target price on Amentum from $30.00 to $35.00 and gave the stock a “market outperform” rating in a report on Wednesday, November 26th. JMP Securities set a $35.00 target price on Amentum in a research note on Wednesday, November 26th. Citigroup restated an “outperform” rating on shares of Amentum in a report on Wednesday, November 26th. Finally, Morgan Stanley upgraded Amentum from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $20.00 to $35.00 in a report on Wednesday, November 26th. Seven research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $32.17.

Amentum Stock Performance

Shares of AMTM stock opened at $29.70 on Friday. The stock has a market cap of $7.24 billion, a PE ratio of 110.02, a price-to-earnings-growth ratio of 0.99 and a beta of -0.02. The stock has a 50-day moving average of $25.86 and a 200-day moving average of $24.72. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.32 and a quick ratio of 1.32. Amentum has a one year low of $16.01 and a one year high of $31.87.

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

Institutional Investors Weigh In On Amentum

Large investors have recently made changes to their positions in the stock. Vermillion & White Wealth Management Group LLC acquired a new position in Amentum during the third quarter worth $46,000. CIBC Private Wealth Group LLC grew its position in shares of Amentum by 63.6% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 5,300 shares of the company’s stock valued at $127,000 after acquiring an additional 2,061 shares during the period. Advisory Services Network LLC acquired a new position in shares of Amentum during the 3rd quarter worth about $61,000. Dark Forest Capital Management LP bought a new stake in shares of Amentum in the 3rd quarter valued at about $2,296,000. Finally, Verition Fund Management LLC lifted its stake in Amentum by 1,128.0% in the 3rd quarter. Verition Fund Management LLC now owns 1,135,626 shares of the company’s stock valued at $27,198,000 after purchasing an additional 1,043,145 shares during the last quarter. Institutional investors and hedge funds own 39.93% of the company’s stock.

Amentum Company Profile

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.