Amentum (NYSE:AMTM) Reaches New 12-Month High – What’s Next?
by Teresa Graham · The Cerbat GemShares of Amentum Holdings, Inc. (NYSE:AMTM – Get Free Report) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $31.94 and last traded at $31.6260, with a volume of 117695 shares. The stock had previously closed at $31.53.
Analyst Ratings Changes
A number of equities analysts recently commented on the company. Royal Bank Of Canada increased their price target on Amentum from $26.00 to $30.00 and gave the company a “sector perform” rating in a research note on Wednesday, November 26th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Amentum in a report on Monday, December 29th. JPMorgan Chase & Co. raised their price target on 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 price target on shares of Amentum from $30.00 to $35.00 and gave the stock a “market outperform” rating in a research note on Wednesday, November 26th. Finally, Morgan Stanley raised shares of Amentum from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $20.00 to $35.00 in a research note on Wednesday, November 26th. Seven investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $32.42.
Read Our Latest Stock Analysis on AMTM
Amentum Price Performance
The stock has a market capitalization of $7.72 billion, a PE ratio of 117.52, a PEG ratio of 0.92 and a beta of -0.01. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.84. The firm’s 50-day moving average price is $26.89 and its 200-day moving average price is $25.10.
Amentum (NYSE:AMTM – Get Free Report) last announced its earnings results on Monday, November 24th. The company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.04. Amentum had a net margin of 0.46% and a return on equity of 11.57%. The business had revenue of $3.93 billion for the quarter, compared to the consensus estimate of $3.61 billion. The company’s quarterly revenue was up 10.1% on a year-over-year basis. On average, equities analysts forecast that Amentum Holdings, Inc. will post 2.1 EPS for the current fiscal year.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Atlantic Union Bankshares Corp acquired a new stake in Amentum during the 2nd quarter valued at approximately $25,000. Blue Trust Inc. increased its position in shares of 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 buying an additional 648 shares in the last quarter. Mather Group LLC. purchased a new stake in Amentum in the 3rd quarter worth $32,000. Caitong International Asset Management Co. Ltd grew its position in shares of Amentum by 1,517.0% in the second 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 period. Finally, Smartleaf Asset Management LLC boosted its holdings in Amentum by 433.5% in the 2nd quarter. Smartleaf Asset Management LLC now owns 1,814 shares of the company’s stock worth $43,000 after buying an additional 1,474 shares during the last quarter. Hedge funds and other institutional investors 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.