Amentum Holdings, Inc. (NYSE:AMTM - Get Free Report) gapped up prior to trading on Wednesday following a better than expected earnings announcement. The stock had previously closed at $20.50, but opened at $21.80. Amentum shares last traded at $21.71, with a volume of 196,609 shares trading hands.
The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.45 by $0.06.
Analyst Ratings Changes
AMTM has been the subject of a number of recent research reports. Raymond James assumed coverage on Amentum in a research note on Thursday, November 21st. They set an "outperform" rating and a $30.00 price target for the company. Truist Financial started coverage on shares of Amentum in a research report on Monday, October 14th. They set a "buy" rating and a $31.00 price objective on the stock. Royal Bank of Canada reissued a "sector perform" rating and issued a $24.00 target price on shares of Amentum in a research report on Thursday. Finally, Cantor Fitzgerald initiated coverage on shares of Amentum in a report on Friday. They set a "neutral" rating and a $25.00 price target on the stock.
Check Out Our Latest Stock Report on AMTM
Hedge Funds Weigh In On Amentum
Several large investors have recently made changes to their positions in AMTM. State Street Corp acquired a new position in shares of Amentum during the third quarter worth approximately $236,306,000. Primecap Management Co. CA bought a new position in Amentum during the third quarter worth $169,999,000. Geode Capital Management LLC acquired a new position in Amentum in the third quarter worth about $101,022,000. Ruane Cunniff & Goldfarb L.P. bought a new position in Amentum during the third quarter worth about $81,608,000. Finally, Allspring Global Investments Holdings LLC acquired a new stake in Amentum during the third quarter valued at approximately $78,399,000. Institutional investors and hedge funds own 39.93% of the company's stock.
Amentum Stock Down 3.1 %
The company has a debt-to-equity ratio of 1.02, a current ratio of 1.59 and a quick ratio of 1.57. The firm's 50 day moving average is $21.98.
About Amentum
(
Get Free Report)
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.
See Also
Before you consider Amentum, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Amentum wasn't on the list.
While Amentum currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering when you'll finally be able to invest in SpaceX, Starlink, or X.AI? Enter your email address to learn when Elon Musk will let these companies finally IPO.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
