Amentum (NYSE:AMTM) Rating Increased to Strong-Buy at Zacks Research

Zacks Research upgraded shares of Amentum (NYSE:AMTM) from a hold rating to a strong-buy rating in a report released on Tuesday morning,Zacks.com reports.

Other analysts have also recently issued research reports about the company. JPMorgan Chase & Co. lowered their price objective on Amentum from $34.00 to $31.00 and set a “neutral” rating for the company in a research report on Tuesday, May 26th. Wall Street Zen lowered Amentum from a “buy” rating to a “hold” rating in a research report on Saturday, July 4th. Bank of America decreased their price target on Amentum from $35.00 to $30.00 and set a “neutral” rating for the company in a research note on Monday. Truist Financial reissued a “buy” rating and issued a $35.00 price target (down from $42.00) on shares of Amentum in a report on Tuesday, May 12th. Finally, Weiss Ratings lowered Amentum from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, June 23rd. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $32.00.

Amentum Trading Up 2.2%

NYSE:AMTM opened at $21.43 on Tuesday. Amentum has a 52 week low of $19.80 and a 52 week high of $38.11. The firm has a 50 day moving average of $21.90 and a 200 day moving average of $27.01. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.83. The stock 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.

Amentum (NYSE:AMTM) last announced its 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. The company had revenue of $3.48 billion during the quarter, compared to the consensus estimate of $3.47 billion. Amentum had a net margin of 1.04% and a return on equity of 11.74%. Amentum’s revenue was down .4% compared to the same quarter last year. During the same period last year, the firm earned $0.53 earnings per share. Amentum has set its FY 2026 guidance at 2.250-2.450 EPS. As a group, sell-side analysts anticipate that Amentum will post 2.36 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Amentum

Large investors have recently made changes to their positions in the stock. Los Angeles Capital Management LLC acquired a new stake in Amentum during the 4th quarter worth about $26,000. Western Wealth Management LLC acquired a new position in shares of Amentum in the first quarter valued at about $33,000. Financial Consulate Inc. acquired a new position in shares of Amentum in the fourth quarter valued at about $38,000. Salomon & Ludwin LLC raised its stake in shares of Amentum by 98.6% in the fourth 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 last quarter. Finally, NFSG Corp purchased a new position in shares of Amentum in the first quarter worth about $35,000. 39.93% of the stock is owned by hedge funds and other 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.