Amentum (NYSE:AMTM) Upgraded at BNP Paribas Exane

BNP Paribas Exane upgraded shares of Amentum (NYSE:AMTM) from an underperform rating to a neutral rating in a research note released on Tuesday morning, MarketBeat Ratings reports. They currently have $20.00 target price on the stock, down from their previous target price of $21.00.

Several other brokerages have also weighed in on AMTM. JPMorgan Chase & Co. lowered their price objective on Amentum from $31.00 to $26.00 and set a “neutral” rating for the company in a research report on Monday, August 17th. Wall Street Zen raised Amentum from a “hold” rating to a “buy” rating in a research report on Sunday, September 20th. Royal Bank Of Canada decreased their target price on shares of Amentum from $28.00 to $26.00 and set a “sector perform” rating on the stock in a research report on Wednesday, August 12th. Bank of America lowered 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. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Amentum in a research report on Friday, September 18th. Five research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $29.00.

Amentum Price Performance

Amentum stock opened at $18.93 on Tuesday. Amentum has a 12-month low of $17.72 and a 12-month high of $38.11. The stock has a market cap of $4.63 billion, a P/E ratio of 22.81, a PEG ratio of 0.50 and a beta of 0.31. The company has a 50-day moving average price of $20.46 and a 200 day moving average price of $22.51. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.79.

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 company had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.57 billion. Amentum had a net margin of 1.44% and a return on equity of 12.19%. Amentum’s revenue was down 2.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.56 EPS. Amentum has set its FY 2026 guidance at 2.400-2.500 EPS. Sell-side analysts anticipate that Amentum will post 2.38 earnings per share for the current year.

Institutional Investors Weigh In On Amentum

A number of hedge funds have recently added to or reduced their stakes in the business. Global Retirement Partners LLC purchased a new stake in Amentum during the 2nd quarter worth about $31,000. Western Wealth Management LLC purchased a new position in shares of Amentum in the 1st quarter valued at about $33,000. NFSG Corp purchased a new position in shares of Amentum in the 1st quarter valued at about $35,000. Nykredit A S acquired a new position in shares of Amentum during the second quarter worth about $37,000. Finally, Integrated Wealth Concepts LLC acquired a new position in shares of Amentum during the second quarter worth about $50,000. 39.93% of the stock is currently owned by institutional investors and hedge funds.

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.