BNP Paribas Exane Upgrades Amentum (NYSE:AMTM) to Strong Sell

Amentum (NYSE:AMTM) was upgraded by research analysts at BNP Paribas Exane to a “strong sell” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

AMTM has been the topic of several other research reports. JPMorgan Chase & Co. lowered their price target on shares of Amentum from $34.00 to $31.00 and set a “neutral” rating on the stock in a report on Tuesday. Morgan Stanley assumed coverage on shares of Amentum in a research report on Wednesday, May 13th. They set an “equal weight” rating and a $30.00 price objective on the stock. Truist Financial reiterated a “buy” rating and set a $35.00 price objective (down from $42.00) on shares of Amentum in a research report on Tuesday, May 12th. Wall Street Zen upgraded shares of Amentum from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Finally, BTIG Research reiterated a “buy” rating and set a $35.00 price objective on shares of Amentum in a research report on Thursday, May 14th. Six investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $32.00.

Amentum Price Performance

Shares of Amentum stock opened at $23.14 on Tuesday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.48 and a current ratio of 1.48. Amentum has a one year low of $19.11 and a one year high of $38.11. The stock has a market cap of $5.65 billion, a P/E ratio of 38.57, a P/E/G ratio of 0.68 and a beta of 0.43. The stock’s fifty day moving average is $25.67 and its 200 day moving average is $28.65.

Amentum (NYSE:AMTM) last issued its quarterly 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. Amentum had a net margin of 1.04% and a return on equity of 11.74%. The business had revenue of $3.48 billion for the quarter, compared to the consensus estimate of $3.47 billion. During the same quarter in the previous year, the firm earned $0.53 earnings per share. The company’s revenue for the quarter was down .4% on a year-over-year basis. Amentum has set its FY 2026 guidance at 2.250-2.450 EPS. Sell-side analysts anticipate that Amentum will post 2.33 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Alpine Woods Capital Investors LLC bought a new position in shares of Amentum in the first quarter worth about $219,000. Western Wealth Management LLC bought a new position in shares of Amentum in the first quarter worth about $33,000. Rovida Investment Management Ltd bought a new position in shares of Amentum in the first quarter worth about $8,209,000. Bank of America Corp DE grew its holdings in shares of Amentum by 107.8% in the first quarter. Bank of America Corp DE now owns 2,405,041 shares of the company’s stock worth $62,723,000 after purchasing an additional 1,247,614 shares during the last quarter. Finally, California State Teachers Retirement System grew its holdings in shares of Amentum by 23.1% in the first quarter. California State Teachers Retirement System now owns 184,555 shares of the company’s stock worth $4,813,000 after purchasing an additional 34,643 shares during the last quarter. 39.93% of the stock is currently owned by 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.