Amentum (NYSE:AMTM) Stock Rating Lowered by Zacks Research

Amentum (NYSE:AMTM) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Thursday, Zacks reports.

Several other research analysts have also commented on AMTM. Wall Street Zen raised Amentum from a “hold” rating to a “buy” rating in a research report on Sunday, September 20th. Bank of America reduced their price objective on Amentum from $35.00 to $30.00 and set a “neutral” rating for the company in a research note on Monday, July 20th. JPMorgan Chase & Co. decreased their price objective on Amentum from $31.00 to $26.00 and set a “neutral” rating for the company in a report on Monday, August 17th. The Goldman Sachs Group set a $24.00 target price on shares of Amentum in a research report on Thursday, August 20th. Finally, Royal Bank Of Canada cut their target price on shares of Amentum from $28.00 to $26.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 12th. Five equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $29.18.

Amentum Stock Performance

Shares of AMTM stock opened at $18.14 on Thursday. The stock’s 50-day moving average is $20.76 and its two-hundred day moving average is $22.79. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.52 and a current ratio of 1.52. Amentum has a 1 year low of $17.72 and a 1 year high of $38.11. The firm has a market cap of $4.44 billion, a price-to-earnings ratio of 21.85, a PEG ratio of 0.50 and a beta of 0.31.

Amentum (NYSE:AMTM) last posted its 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. The business had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.57 billion. Amentum had a return on equity of 12.19% and a net margin of 1.44%.The business’s quarterly revenue was down 2.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.56 EPS. Amentum has set its FY 2026 guidance at 2.400-2.500 EPS. Analysts predict that Amentum will post 2.38 earnings per share for the current year.

Hedge Funds Weigh In On Amentum

Institutional investors have recently added to or reduced their stakes in the stock. Security National Bank of Sioux City Iowa IA lifted its position in Amentum by 31.3% during the 2nd quarter. Security National Bank of Sioux City Iowa IA now owns 23,326 shares of the company’s stock worth $482,000 after acquiring an additional 5,565 shares during the period. WINTON GROUP Ltd increased its holdings in shares of Amentum by 5.2% in the second quarter. WINTON GROUP Ltd now owns 58,393 shares of the company’s stock valued at $1,207,000 after purchasing an additional 2,893 shares during the period. Integrated Wealth Concepts LLC acquired a new position in shares of Amentum in the second quarter valued at approximately $50,000. Mraz Amerine & Associates Inc. raised its stake in shares of Amentum by 25.3% during the second quarter. Mraz Amerine & Associates Inc. now owns 90,200 shares of the company’s stock worth $1,864,000 after purchasing an additional 18,215 shares during the last quarter. Finally, Nykredit A S purchased a new stake in shares of Amentum during the second quarter worth approximately $37,000. Institutional investors and hedge funds own 39.93% of the company’s stock.

Amentum Company Profile

Amentum (NYSE: AMTM) is a global engineering and technical services contractor that supports government and commercial customers across defense, intelligence, space, civilian, energy and environmental markets. The company provides mission-critical services designed to help customers operate, maintain and modernize complex systems and infrastructure.

Its capabilities include systems engineering, program management, logistics, operations and maintenance, cybersecurity, digital transformation, intelligence analysis, testing and evaluation, and environmental and nuclear lifecycle services.