Amentum (NYSE:AMTM) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Amentum (NYSE:AMTM) from a hold rating to a buy rating in a research note published on Saturday morning.

A number of other brokerages have also weighed in on AMTM. BTIG Research reduced their price objective on shares of Amentum from $35.00 to $30.00 and set a “buy” rating on the stock in a report on Wednesday, August 12th. JPMorgan Chase & Co. dropped their price objective on Amentum from $34.00 to $31.00 and set a “neutral” rating on the stock in a report on Tuesday, May 26th. Truist Financial reissued a “buy” rating and set a $35.00 price objective (down from $42.00) on shares of Amentum in a report on Tuesday, May 12th. BNP Paribas Exane assumed coverage on shares of Amentum in a research report on Tuesday, May 26th. They issued an “underperform” rating and a $22.00 target price on the stock. Finally, Morgan Stanley set a $24.00 price target on shares of Amentum in a research report on Tuesday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Amentum currently has an average rating of “Hold” and a consensus target price of $29.70.

Amentum Stock Performance

Shares of AMTM opened at $20.33 on Friday. The stock has a 50-day simple moving average of $21.74 and a 200-day simple moving average of $25.61. 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 $19.80 and a 1 year high of $38.11. The stock has a market capitalization of $4.97 billion, a PE ratio of 24.49, a PEG ratio of 0.63 and a beta of 0.30.

Amentum (NYSE:AMTM) last issued 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. Amentum had a net margin of 1.44% and a return on equity of 12.19%. The firm had revenue of $3.49 billion for the quarter, compared to analysts’ expectations of $3.57 billion. During the same quarter last year, the company earned $0.56 earnings per share. The firm’s revenue was down 2.0% compared to the same quarter last year. Amentum has set its FY 2026 guidance at 2.400-2.500 EPS. On average, analysts predict that Amentum will post 2.36 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Amentum

Several institutional investors have recently added to or reduced their stakes in AMTM. Bank of America Corp DE increased 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 valued at $62,723,000 after purchasing an additional 1,247,614 shares during the period. M&T Bank Corp lifted its holdings in shares of Amentum by 5,325.3% during the fourth quarter. M&T Bank Corp now owns 462,836 shares of the company’s stock worth $13,422,000 after purchasing an additional 454,305 shares during the period. Legacy Advisors LLC acquired a new stake in shares of Amentum during the fourth quarter worth $284,614,000. Bryn Mawr Trust Advisors LLC acquired a new position in shares of Amentum during the second quarter worth about $2,924,000. Finally, Hudson Value Partners LLC increased its stake in shares of Amentum by 22.7% during the second quarter. Hudson Value Partners LLC now owns 250,185 shares of the company’s stock worth $5,171,000 after acquiring an additional 46,275 shares during the period. Institutional investors and hedge funds own 39.93% of the company’s stock.

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.