Amentum (NYSE:AMTM) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Amentum (NYSE:AMTM) from a hold rating to a buy rating in a report published on Sunday,Wall Street Zen reports.

Other equities research analysts have also issued research reports about the company. UBS Group upped their price target on Amentum from $23.00 to $24.00 and gave the company a “neutral” rating in a research report on Wednesday, August 12th. Bank of America lowered their price objective on Amentum from $35.00 to $30.00 and set a “neutral” rating for the company in a research report on Monday, July 20th. BNP Paribas Exane upgraded Amentum from an “underperform” rating to a “neutral” rating and lowered their price objective for the stock from $21.00 to $20.00 in a research report on Tuesday, October 6th. Zacks Research raised Amentum from a “strong sell” rating to a “hold” rating in a research note on Friday, October 30th. Finally, Royal Bank Of Canada reduced their target price on Amentum from $26.00 to $25.00 and set a “sector perform” rating on the stock in a report on Wednesday, October 28th. Five investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Amentum has an average rating of “Hold” and an average target price of $28.91.

Amentum Stock Performance

Shares of Amentum stock opened at $23.16 on Friday. The stock has a market cap of $5.66 billion, a price-to-earnings ratio of 9.59, a P/E/G ratio of 0.60 and a beta of 0.15. Amentum has a twelve month low of $17.72 and a twelve month high of $38.11. The company’s fifty day moving average is $20.05 and its 200 day moving average is $24.13. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.79.

Amentum (NYSE:AMTM) last announced its earnings results on Monday, August 10th. The company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.06. The business had revenue of $3.49 billion during the quarter, compared to analyst estimates of $3.57 billion. Amentum had a return on equity of 12.19% and a net margin of 1.44%. Amentum’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same period last year, the company earned $0.56 EPS. Sell-side analysts forecast that Amentum will post 2.38 EPS for the current year.

Hedge Funds Weigh In On Amentum

Hedge funds have recently bought and sold shares of the company. Global Retirement Partners LLC acquired a new position in Amentum in the second quarter valued at $31,000. Western Wealth Management LLC bought a new stake in Amentum during the first quarter valued at $33,000. NFSG Corp acquired a new stake in Amentum during the 1st quarter worth about $35,000. Nykredit A S acquired a new stake in Amentum during the 2nd quarter worth about $37,000. Finally, Jacobi Capital Management LLC acquired a new stake in Amentum during the 3rd quarter worth about $37,000. Institutional investors own 39.93% of the company’s stock.

About Amentum

Amentum is a provider of engineering, technical and mission-support services for government and commercial customers. Its work includes managing and operating facilities and infrastructure, maintaining equipment, providing logistics and program-management support, and delivering technology and cybersecurity services. The company serves customers in areas including defense, intelligence, space, energy and environmental remediation. Its clients include U.S. government agencies and customers in other countries, with work spanning operations and support as well as complex engineering and technology projects.