BTIG Research Reaffirms Buy Rating for Amentum (NYSE:AMTM)

Amentum (NYSE:AMTM)‘s stock had its “buy” rating reiterated by investment analysts at BTIG Research in a research report issued to clients and investors on Thursday,Benzinga reports. They currently have a $35.00 price target on the stock. BTIG Research’s price target suggests a potential upside of 51.06% from the stock’s previous close.

A number of other research analysts have also weighed in on AMTM. Wall Street Zen lowered Amentum from a “buy” rating to a “hold” rating in a research report on Saturday, March 28th. Truist Financial restated a “buy” rating and set a $35.00 price objective (down from $42.00) on shares of Amentum in a research report on Tuesday. Citizens Jmp restated a “market outperform” rating and set a $40.00 price objective on shares of Amentum in a research report on Monday, April 13th. Royal Bank Of Canada cut their price objective on Amentum from $35.00 to $28.00 and set a “sector perform” rating for the company in a research report on Wednesday. Finally, UBS Group raised their price objective on Amentum from $33.00 to $37.00 and gave the company a “neutral” rating in a research report on Thursday, January 15th. Six research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, Amentum currently has an average rating of “Hold” and a consensus target price of $33.18.

Amentum Trading Down 4.7%

Shares of Amentum stock opened at $23.17 on Thursday. The company has a market capitalization of $5.65 billion, a P/E ratio of 38.62, a P/E/G ratio of 0.71 and a beta of 0.43. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.42 and a current ratio of 1.48. The company has a fifty day moving average of $26.93 and a 200 day moving average of $28.58. Amentum has a fifty-two week low of $19.11 and a fifty-two week high of $38.11.

Amentum (NYSE:AMTM) last posted its earnings results on Monday, May 11th. The company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.02. The company had revenue of $3.48 billion during the quarter, compared to analysts’ expectations of $3.47 billion. Amentum had a net margin of 1.04% and a return on equity of 11.74%. Amentum’s quarterly revenue was down .4% on a year-over-year basis. During the same period last year, the company posted $0.53 earnings per share. Amentum has set its FY 2026 guidance at 2.250-2.450 EPS. On average, sell-side analysts anticipate that Amentum will post 2.34 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Sound Income Strategies LLC lifted its holdings in shares of Amentum by 45.3% in the 4th quarter. Sound Income Strategies LLC now owns 1,363 shares of the company’s stock valued at $40,000 after acquiring an additional 425 shares during the last quarter. Maryland State Retirement & Pension System lifted its holdings in shares of Amentum by 1.6% in the 4th quarter. Maryland State Retirement & Pension System now owns 29,913 shares of the company’s stock valued at $867,000 after acquiring an additional 462 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Amentum by 35.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,853 shares of the company’s stock valued at $54,000 after acquiring an additional 481 shares during the last quarter. BCS Private Wealth Management Inc. lifted its holdings in shares of Amentum by 5.0% in the 4th quarter. BCS Private Wealth Management Inc. now owns 11,999 shares of the company’s stock valued at $348,000 after acquiring an additional 575 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund lifted its holdings in shares of Amentum by 1.7% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 35,100 shares of the company’s stock valued at $1,018,000 after acquiring an additional 600 shares during the last quarter. Institutional investors own 39.93% of the company’s stock.

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.