Amentum (NYSE:AMTM) Stock Rating Upgraded by Wall Street Zen

Amentum (NYSE:AMTM) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Saturday.

AMTM has been the topic of a number of other research reports. Weiss Ratings cut shares of Amentum from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, June 23rd. Bank of America decreased their target price on shares of Amentum from $35.00 to $30.00 and set a “neutral” rating for the company in a research note on Monday, July 20th. Truist Financial reissued a “buy” rating and set a $35.00 price target (down from $42.00) on shares of Amentum in a report on Tuesday, May 12th. Morgan Stanley set a $24.00 price target on shares of Amentum in a research report on Tuesday, August 11th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Amentum from $34.00 to $31.00 and set a “neutral” rating for the company in a report on Tuesday, May 26th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $30.18.

Amentum Stock Up 0.1%

Shares of AMTM opened at $21.49 on Friday. The company has a market capitalization of $5.25 billion, a price-to-earnings ratio of 25.89, a PEG ratio of 0.63 and a beta of 0.30. Amentum has a 52 week low of $19.80 and a 52 week high of $38.11. The stock’s 50-day moving average price is $21.79 and its 200-day moving average price is $25.71. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.79.

Amentum (NYSE:AMTM) last announced its quarterly earnings results on Monday, August 10th. The company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.06. Amentum had a return on equity of 12.19% and a net margin of 1.44%.The company had revenue of $3.49 billion during the quarter, compared to analysts’ expectations of $3.57 billion. During the same period last year, the business earned $0.56 earnings per share. Amentum’s quarterly revenue was down 2.0% on a year-over-year basis. Amentum has set its FY 2026 guidance at 2.400-2.500 EPS. On average, sell-side analysts predict that Amentum will post 2.36 EPS for the current year.

Institutional Investors Weigh In On Amentum

Several large investors have recently bought and sold shares of AMTM. Strategic Global Advisors LLC acquired a new position in shares of Amentum during the second quarter valued at approximately $2,048,000. Jupiter Topco LLC acquired a new stake in shares of Amentum in the second quarter worth approximately $1,433,000. Hsbc Holdings PLC purchased a new stake in shares of Amentum during the second quarter worth approximately $460,000. Ancora Advisors LLC purchased a new stake in shares of Amentum during the second quarter worth approximately $14,793,000. Finally, Primecap Management Co. CA purchased a new stake in shares of Amentum during the second quarter worth approximately $253,941,000. 39.93% of the stock is currently owned by hedge funds and other institutional investors.

Amentum Company Profile

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.