Morgan Stanley initiated coverage on shares of Amentum (NYSE:AMTM – Free Report) in a report released on Wednesday morning. The brokerage issued an equal weight rating and a $30.00 price objective on the stock.
Several other research firms have also commented on AMTM. UBS Group lifted their price target on Amentum from $33.00 to $37.00 and gave the stock a “neutral” rating in a research report on Thursday, January 15th. Royal Bank Of Canada lifted their price target on Amentum from $30.00 to $35.00 and gave the stock a “sector perform” rating in a research report on Wednesday, February 11th. Truist Financial reiterated a “buy” rating and issued a $35.00 price target (down from $42.00) on shares of Amentum in a research report on Tuesday. Weiss Ratings lowered Amentum from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, May 6th. Finally, Citizens Jmp reiterated a “market outperform” rating and issued a $40.00 price target on shares of Amentum in a research report on Monday, April 13th. Six investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $33.18.
Read Our Latest Research Report on Amentum
Amentum Stock Down 1.0%
Amentum (NYSE:AMTM – Get Free Report) last released its quarterly earnings results on Monday, May 11th. The company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.58 by $0.02. The company had revenue of $3.48 billion during the quarter, compared to analyst estimates of $3.47 billion. Amentum had a return on equity of 11.74% and a net margin of 1.04%.The firm’s revenue was down .4% on a year-over-year basis. During the same quarter last year, the business posted $0.53 earnings per share. Amentum has set its FY 2026 guidance at 2.250-2.450 EPS. Analysts forecast that Amentum will post 2.35 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Amentum
A number of hedge funds have recently added to or reduced their stakes in AMTM. Los Angeles Capital Management LLC bought a new position in Amentum in the 4th quarter worth about $26,000. NFSG Corp bought a new position in Amentum in the 1st quarter worth about $35,000. Financial Consulate Inc. bought a new position in Amentum in the 4th quarter worth about $38,000. Sound Income Strategies LLC grew its stake in Amentum by 45.3% in the 4th quarter. Sound Income Strategies LLC now owns 1,363 shares of the company’s stock worth $40,000 after acquiring an additional 425 shares in the last quarter. Finally, Salomon & Ludwin LLC boosted its stake in shares of Amentum by 98.6% during the fourth quarter. Salomon & Ludwin LLC now owns 1,305 shares of the company’s stock valued at $41,000 after purchasing an additional 648 shares in the last quarter. 39.93% of the stock is currently owned by institutional investors.
About Amentum
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.
Featured Articles
- Five stocks we like better than Amentum
- Viking Sails to All-Time Highs—Fundamentals Signal More to Come
- Datavalut Gains Traction: 5 Reasons to Sell Now
- TMC Stock: Why This Pre-Revenue Miner Is Worth Watching
- The Power Grid Is Dying—Is It Time to Buy Its Replacement?
Receive News & Ratings for Amentum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amentum and related companies with MarketBeat.com's FREE daily email newsletter.
