Amentum (NYSE:AMTM) Price Target Raised to $40.00

Amentum (NYSE:AMTM) had its price target increased by Citizens Jmp from $35.00 to $40.00 in a report issued on Monday,Benzinga reports. The firm currently has a market outperform rating on the stock.

Several other brokerages also recently commented on AMTM. Truist Financial raised their target price on Amentum from $30.00 to $34.00 and gave the stock a “buy” rating in a research note on Wednesday, November 26th. BTIG Research increased their price target on shares of Amentum from $30.00 to $35.00 and gave the stock a “buy” rating in a report on Wednesday, December 3rd. Bank of America raised their price objective on shares of Amentum from $27.00 to $30.00 and gave the company a “neutral” rating in a research report on Wednesday, December 31st. UBS Group started coverage on shares of Amentum in a report on Wednesday, November 19th. They set a “neutral” rating and a $25.00 target price on the stock. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Amentum in a report on Monday, December 29th. Seven equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, Amentum presently has a consensus rating of “Moderate Buy” and an average target price of $33.50.

Amentum Stock Up 1.0%

Amentum stock opened at $34.64 on Monday. The firm has a 50 day simple moving average of $28.26 and a 200 day simple moving average of $25.52. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.84. Amentum has a 1-year low of $16.01 and a 1-year high of $34.93. The firm has a market capitalization of $8.44 billion, a price-to-earnings ratio of 128.28, a P/E/G ratio of 1.00 and a beta of -0.01.

Amentum (NYSE:AMTM) last posted its quarterly earnings results on Monday, November 24th. The company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.04. The firm had revenue of $3.93 billion during 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%.Amentum’s revenue was up 10.1% compared to the same quarter last year. On average, analysts predict that Amentum will post 2.1 earnings per share for the current year.

Institutional Trading of Amentum

Institutional investors and hedge funds have recently made changes to their positions in the stock. Atlantic Union Bankshares Corp purchased a new position in Amentum in the second quarter worth $25,000. Blue Trust Inc. lifted its stake in Amentum by 116.5% during the third quarter. Blue Trust Inc. now owns 1,204 shares of the company’s stock worth $29,000 after purchasing an additional 648 shares during the last quarter. Mather Group LLC. purchased a new position in shares of Amentum in the 3rd quarter worth about $32,000. Caitong International Asset Management Co. Ltd increased its position in shares of 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 valued at $36,000 after purchasing an additional 1,426 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its position in shares of Amentum by 433.5% during the 2nd quarter. Smartleaf Asset Management LLC now owns 1,814 shares of the company’s stock valued at $43,000 after purchasing an additional 1,474 shares during the last quarter. Hedge funds and other institutional investors own 39.93% of the company’s stock.

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.