Amentum (NYSE:AMTM) Price Target Raised to $26.00

Amentum (NYSE:AMTM) had its price target boosted by The Goldman Sachs Group from $21.00 to $26.00 in a research note released on Wednesday,Benzinga reports. The Goldman Sachs Group currently has a neutral rating on the stock.

Several other research analysts also recently weighed in on the company. BTIG Research assumed coverage on Amentum in a research note on Tuesday, April 15th. They issued a “buy” rating and a $30.00 target price on the stock. Citizens Jmp assumed coverage on Amentum in a research note on Monday, May 12th. They issued an “outperform” rating and a $30.00 target price on the stock. Morgan Stanley assumed coverage on Amentum in a research note on Wednesday, April 16th. They issued an “underweight” rating and a $19.00 target price on the stock. Royal Bank Of Canada lifted their target price on Amentum from $24.00 to $26.00 and gave the company a “sector perform” rating in a research note on Thursday, August 7th. Finally, Bank of America assumed coverage on Amentum in a research note on Tuesday, June 10th. They issued a “neutral” rating and a $24.00 target price on the stock. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $27.00.

Amentum Price Performance

Shares of NYSE AMTM opened at $25.19 on Wednesday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.58 and a current ratio of 1.58. Amentum has a fifty-two week low of $16.01 and a fifty-two week high of $34.50. The firm has a market capitalization of $6.13 billion and a PE ratio of 64.59. The stock’s 50-day simple moving average is $24.14 and its 200-day simple moving average is $21.37.

Amentum (NYSE:AMTM) last issued its earnings results on Tuesday, August 5th. The company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.03. Amentum had a return on equity of 10.90% and a net margin of 0.41%. The business had revenue of $2.23 billion for the quarter, compared to analyst estimates of $3.51 billion. The business’s revenue for the quarter was up 66.2% compared to the same quarter last year. As a group, equities research analysts forecast that Amentum will post 2.1 EPS for the current fiscal year.

Institutional Investors Weigh In On Amentum

A number of institutional investors have recently added to or reduced their stakes in AMTM. Tower Research Capital LLC TRC boosted its position in shares of Amentum by 182.1% in the second quarter. Tower Research Capital LLC TRC now owns 4,353 shares of the company’s stock worth $103,000 after buying an additional 2,810 shares during the period. Security National Bank of Sioux City Iowa IA boosted its position in shares of Amentum by 12.9% in the second quarter. Security National Bank of Sioux City Iowa IA now owns 19,273 shares of the company’s stock worth $455,000 after buying an additional 2,204 shares during the period. Security National Bank of SO Dak boosted its position in shares of Amentum by 8.1% in the second quarter. Security National Bank of SO Dak now owns 26,840 shares of the company’s stock worth $634,000 after buying an additional 2,016 shares during the period. Corient Private Wealth LLC boosted its position in shares of Amentum by 11.9% in the second quarter. Corient Private Wealth LLC now owns 48,395 shares of the company’s stock worth $1,143,000 after buying an additional 5,159 shares during the period. Finally, Captrust Financial Advisors boosted its position in shares of Amentum by 49.5% in the second quarter. Captrust Financial Advisors now owns 30,815 shares of the company’s stock worth $728,000 after buying an additional 10,200 shares during the period. Hedge funds and other institutional investors own 39.93% of the company’s stock.

Amentum Company Profile

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.