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

Amentum (NYSE:AMTM) was upgraded by analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Tuesday,Zacks.com reports.

A number of other equities research analysts also recently commented on the company. Weiss Ratings downgraded Amentum from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, June 23rd. Royal Bank Of Canada decreased their price target on Amentum from $35.00 to $28.00 and set a “sector perform” rating on the stock in a research note on Wednesday, May 13th. BNP Paribas Exane initiated coverage on Amentum in a report on Tuesday, May 26th. They issued an “underperform” rating and a $22.00 price target for the company. Truist Financial reaffirmed a “buy” rating and set a $35.00 price objective (down from $42.00) on shares of Amentum in a research note on Tuesday, May 12th. Finally, Morgan Stanley initiated coverage on shares of Amentum in a research note on Wednesday, May 13th. They set an “equal weight” rating and a $30.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $32.00.

Amentum Stock Performance

Shares of AMTM opened at $21.43 on Tuesday. Amentum has a 1 year low of $19.80 and a 1 year high of $38.11. The company’s 50 day simple moving average is $21.90 and its 200 day simple moving average is $27.01. The company has a market capitalization of $5.24 billion, a price-to-earnings ratio of 35.72, a PEG ratio of 0.61 and a beta of 0.35. 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 (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 return on equity of 11.74% and a net margin of 1.04%.The company had revenue of $3.48 billion during the quarter, compared to the consensus estimate of $3.47 billion. During the same period in the previous year, the firm posted $0.53 EPS. Amentum’s revenue was down .4% on a year-over-year basis. Amentum has set its FY 2026 guidance at 2.250-2.450 EPS. On average, sell-side analysts predict that Amentum will post 2.36 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Los Angeles Capital Management LLC acquired a new position in Amentum in the fourth quarter valued at $26,000. Western Wealth Management LLC acquired a new stake in Amentum during the first quarter worth about $33,000. Financial Consulate Inc. acquired a new stake in Amentum during the fourth quarter worth about $38,000. Salomon & Ludwin LLC raised its holdings in shares of Amentum by 98.6% in the 4th quarter. Salomon & Ludwin LLC now owns 1,305 shares of the company’s stock worth $41,000 after purchasing an additional 648 shares during the period. Finally, NFSG Corp purchased a new position in shares of Amentum in the 1st quarter worth about $35,000. 39.93% of the stock is 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.