Shares of Amentum Holdings, Inc. (NYSE:AMTM) have received a consensus recommendation of “Moderate Buy” from fourteen research firms monitoring the company, according to MarketBeat Ratings. The rating reflects a balanced outlook, with seven analysts recommending a hold and seven suggesting a buy. The average target price for the stock over the next year is set at approximately $32.17.
Amentum has attracted attention from various research analysts in recent weeks. On November 19, 2023, UBS Group initiated coverage with a “neutral” rating, setting a price objective of $25.00. In contrast, Cantor Fitzgerald raised its target price from $35.00 to $40.00, rating the stock as “overweight” on December 2, 2023. Additional reports include a price objective of $35.00 from JMP Securities on November 26, 2023, and an increase in target price by Royal Bank Of Canada from $26.00 to $30.00 during the same week. Notably, Weiss Ratings reiterated a “hold (C-)” rating on December 15, 2023.
Amentum’s stock showed a modest increase of 1.6% recently, opening at $29.15. Over the past year, the stock has fluctuated between a low of $16.01 and a high of $31.87. The company boasts a market capitalization of $7.10 billion and a price-to-earnings ratio of 107.97. Its current ratio stands at 1.32, while the quick ratio is also 1.32, indicating solid liquidity. The debt-to-equity ratio is noted at 0.84, suggesting manageable debt levels. The fifty-day moving average price is $25.17, with a 200-day moving average of $24.43.
Amentum recently released its quarterly earnings on November 24, 2023, reporting earnings per share (EPS) of $0.63. This figure surpassed analysts’ estimates of $0.59 by $0.04. The company generated revenue of $3.93 billion during the quarter, exceeding the consensus estimate of $3.61 billion. Amentum achieved a net margin of 0.46% and a return on equity of 11.57%, with quarterly revenue showing a year-over-year increase of 10.1%. Analysts anticipate that Amentum will report an EPS of $2.10 for the current fiscal year.
Several large investors have made significant moves regarding their positions in Amentum. Nuveen LLC acquired a new stake valued at approximately $5.24 million in the first quarter. The State of Alaska Department of Revenue increased its stake by 13.2% in the second quarter, now holding 89,832 shares valued at $2.12 million. Additionally, Geode Capital Management LLC grew its holdings by 9.3%, now owning 2,513,161 shares worth $59.35 million after acquiring an additional 213,164 shares. Bank of New York Mellon Corp increased its holdings by 14.2%, owning 868,206 shares valued at $20.50 million, while Invesco Ltd. raised its stake by 13.9%, now holding 19,577,241 shares worth $462.22 million. Currently, institutional investors and hedge funds hold 39.93% of Amentum’s stock.
Amentum specializes in providing mission-critical solutions for defense, federal civilian, and commercial customers worldwide. The firm offers integrated services that encompass the entire lifecycle of complex programs and facilities, including engineering, project management, logistics, operations, maintenance, and environmental remediation. Core services include infrastructure support, energy and facilities management, environmental solutions, and nuclear services.
