Amentum (NYSE:AMTM) Now Covered by Analysts at UBS Group

Analysts at UBS Group assumed coverage on shares of Amentum (NYSE:AMTM) in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm set a “neutral” rating and a $25.00 price target on the stock. UBS Group’s price objective points to a potential upside of 14.46% from the stock’s previous close.

AMTM has been the subject of several other research reports. Truist Financial increased their price objective on shares of Amentum from $24.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, July 24th. JMP Securities reissued a “market outperform” rating and issued a $30.00 price target on shares of Amentum in a research note on Monday, August 18th. The Goldman Sachs Group boosted their price target on Amentum from $21.00 to $26.00 and gave the company a “neutral” rating in a report on Wednesday, August 13th. Raymond James Financial reiterated an “outperform” rating and set a $30.00 price objective on shares of Amentum in a report on Monday, August 18th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Amentum in a research note on Wednesday, October 8th. Six investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $28.25.

Amentum Price Performance

Shares of AMTM opened at $21.84 on Wednesday. The stock has a 50 day simple moving average of $22.99 and a 200 day simple moving average of $23.29. Amentum has a 52-week low of $16.01 and a 52-week high of $26.63. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.58 and a current ratio of 1.58. The firm has a market capitalization of $5.31 billion, a PE ratio of 56.01, a P/E/G ratio of 0.71 and a beta of 0.23.

Institutional Trading of Amentum

Institutional investors and hedge funds have recently bought and sold shares of the stock. Nuveen LLC acquired a new stake in shares of Amentum in the 1st quarter valued at approximately $5,238,000. State of Alaska Department of Revenue boosted its holdings in shares of Amentum by 13.2% during the second quarter. State of Alaska Department of Revenue now owns 89,832 shares of the company’s stock worth $2,120,000 after acquiring an additional 10,487 shares during the period. Rhumbline Advisers grew its holdings in Amentum by 5.1% in the 1st quarter. Rhumbline Advisers now owns 310,103 shares of the company’s stock valued at $5,644,000 after buying an additional 14,919 shares in the last quarter. Bank of New York Mellon Corp increased its position in Amentum by 14.2% during the second quarter. Bank of New York Mellon Corp now owns 868,206 shares of the company’s stock worth $20,498,000 after acquiring an additional 107,697 shares during the period. Finally, Iat Reinsurance Co. LTD. acquired a new stake in shares of Amentum in the second quarter valued at approximately $583,000. 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.