Amentum’s (AMTM) “Sell (D+)” Rating Reiterated at Weiss Ratings

Weiss Ratings reiterated their sell (d+) rating on shares of Amentum (NYSE:AMTM) in a report released on Wednesday morning,Weiss Ratings reports.

Several other brokerages have also recently weighed in on AMTM. Royal Bank Of Canada boosted their price target on shares of Amentum from $24.00 to $26.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 7th. JMP Securities restated a “market outperform” rating and issued a $30.00 target price on shares of Amentum in a report on Monday, August 18th. Raymond James Financial reissued an “outperform” rating and set a $30.00 price objective on shares of Amentum in a research note on Monday, August 18th. Bank of America boosted their price objective on Amentum from $26.00 to $27.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 13th. Finally, The Goldman Sachs Group boosted their target price on Amentum from $21.00 to $26.00 and gave the company a “neutral” rating in a research report on Wednesday, August 13th. Six analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $28.55.

Amentum Price Performance

NYSE:AMTM opened at $23.34 on Wednesday. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.97. The business’s 50-day simple moving average is $24.35 and its two-hundred day simple moving average is $22.57. The stock has a market cap of $5.68 billion and a PE ratio of 59.85. Amentum has a 52 week low of $16.01 and a 52 week high of $34.47.

Amentum (NYSE:AMTM) last released its quarterly earnings data on Tuesday, August 5th. The company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.03. The firm had revenue of $2.23 billion for the quarter, compared to analysts’ expectations of $3.51 billion. Amentum had a net margin of 0.41% and a return on equity of 10.90%. The company’s revenue was up 66.2% on a year-over-year basis. Amentum has set its FY 2025 guidance at 2.050-2.200 EPS. As a group, analysts forecast that Amentum will post 2.1 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Atlantic Union Bankshares Corp bought a new position in Amentum in the 2nd quarter valued at $25,000. Caitong International Asset Management Co. Ltd grew its position in Amentum by 1,517.0% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 1,520 shares of the company’s stock valued at $36,000 after acquiring an additional 1,426 shares during the last quarter. Quarry LP bought a new position in Amentum in the 1st quarter valued at $30,000. Signaturefd LLC grew its holdings in shares of Amentum by 108.0% in the first quarter. Signaturefd LLC now owns 1,764 shares of the company’s stock worth $32,000 after purchasing an additional 916 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its holdings in shares of Amentum by 433.5% in the second quarter. Smartleaf Asset Management LLC now owns 1,814 shares of the company’s stock worth $43,000 after purchasing an additional 1,474 shares during the last quarter. Institutional investors own 39.93% of the company’s stock.

About Amentum

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.