Amentum (NYSE:AMTM) Upgraded by Wall Street Zen to Buy Rating

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

Several other analysts have also weighed in on the company. Citizens Jmp reissued a “market outperform” rating and set a $40.00 price objective on shares of Amentum in a report on Monday, April 13th. Weiss Ratings lowered Amentum from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 6th. Truist Financial restated a “buy” rating and issued a $35.00 price objective (down from $42.00) on shares of Amentum in a research note on Tuesday. Royal Bank Of Canada reduced their price objective on shares of Amentum from $35.00 to $28.00 and set a “sector perform” rating for the company in a report on Wednesday. Finally, BTIG Research reaffirmed a “buy” rating and set a $35.00 price objective on shares of Amentum in a report on Thursday. Six research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, Amentum has an average rating of “Hold” and a consensus target price of $33.18.

Amentum Stock Performance

AMTM opened at $23.01 on Friday. The firm has a market capitalization of $5.62 billion, a P/E ratio of 38.35, a price-to-earnings-growth ratio of 0.67 and a beta of 0.43. The stock’s 50 day moving average price is $26.62 and its two-hundred day moving average price is $28.55. The company has a quick ratio of 1.42, a current ratio of 1.48 and a debt-to-equity ratio of 0.83. Amentum has a 12-month low of $19.11 and a 12-month high of $38.11.

Amentum (NYSE:AMTM) last released its earnings results on Monday, May 11th. The company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.02. Amentum had a return on equity of 11.74% and a net margin of 1.04%.The firm had revenue of $3.48 billion for the quarter, compared to analyst estimates of $3.47 billion. During the same quarter last year, the firm posted $0.53 EPS. The company’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, equities analysts forecast that Amentum will post 2.33 earnings per share for the current year.

Institutional Investors Weigh In On Amentum

Institutional investors have recently made changes to their positions in the stock. Invesco Ltd. lifted its holdings in shares of Amentum by 13.0% in the third quarter. Invesco Ltd. now owns 22,116,835 shares of the company’s stock valued at $529,698,000 after purchasing an additional 2,539,594 shares in the last quarter. Primecap Management Co. CA lifted its holdings in shares of Amentum by 1.7% in the fourth quarter. Primecap Management Co. CA now owns 12,126,927 shares of the company’s stock valued at $351,681,000 after purchasing an additional 208,341 shares in the last quarter. Legacy Advisors LLC bought a new stake in shares of Amentum in the fourth quarter valued at about $284,614,000. State Street Corp lifted its holdings in shares of Amentum by 7.6% in the second quarter. State Street Corp now owns 7,078,249 shares of the company’s stock valued at $167,117,000 after purchasing an additional 501,898 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Amentum by 106.6% in the first quarter. Dimensional Fund Advisors LP now owns 3,787,420 shares of the company’s stock valued at $98,767,000 after purchasing an additional 1,954,494 shares in the last quarter. 39.93% of the stock is owned by institutional investors and hedge funds.

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.