Amentum (NYSE:AMTM) Upgraded to “Buy” at Wall Street Zen

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

AMTM has been the topic of a number of other research reports. Truist Financial reissued 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. BNP Paribas Exane initiated coverage on Amentum in a research report on Tuesday, May 26th. They issued an “underperform” rating and a $22.00 target price for the company. Zacks Research raised Amentum from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 21st. Bank of America cut their price target on Amentum from $35.00 to $30.00 and set a “neutral” rating on the stock in a report on Monday, July 20th. Finally, Royal Bank Of Canada decreased their price objective on Amentum from $28.00 to $26.00 and set a “sector perform” rating for the company in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $30.18.

Amentum Stock Down 0.8%

Shares of NYSE:AMTM opened at $21.49 on Friday. The company has a market capitalization of $5.25 billion, a price-to-earnings ratio of 25.89, a P/E/G ratio of 0.63 and a beta of 0.30. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.52 and a quick ratio of 1.48. The business’s 50-day moving average is $21.79 and its 200-day moving average is $25.78. Amentum has a 1 year low of $19.80 and a 1 year high of $38.11.

Amentum (NYSE:AMTM) last posted its quarterly earnings results on Monday, August 10th. The company reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.06. The firm had revenue of $3.49 billion for the quarter, compared to analysts’ expectations of $3.57 billion. Amentum had a return on equity of 12.19% and a net margin of 1.44%.The company’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.56 EPS. Amentum has set its FY 2026 guidance at 2.400-2.500 EPS. Equities research analysts predict that Amentum will post 2.36 earnings per share for the current year.

Hedge Funds Weigh In On Amentum

Several large investors have recently bought and sold shares of the stock. IFM Investors Pty Ltd purchased a new stake in shares of Amentum in the first quarter valued at about $411,000. Cetera Investment Advisers bought a new stake in Amentum in the 2nd quarter worth about $335,000. JPMorgan Chase & Co. grew its position in Amentum by 4.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 91,322 shares of the company’s stock worth $2,156,000 after purchasing an additional 3,608 shares in the last quarter. M&T Bank Corp purchased a new stake in Amentum in the 2nd quarter valued at about $241,000. Finally, Gabelli Funds LLC bought a new position in shares of Amentum during the 2nd quarter worth approximately $592,000. 39.93% of the stock is currently owned by institutional investors.

About Amentum

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.