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

Key Points

• Wall Street Zen upgraded Amentum to “Buy” from “Hold,” while the broader analyst consensus remains “Moderate Buy” with an average price target of $30.18.
• Amentum reported quarterly EPS of $0.67, topping the $0.61 consensus estimate, although revenue of $3.49 billion missed forecasts and declined 2% year over year.
• The stock opened at $21.49, near its 52-week low of $19.80 and well below its 52-week high of $38.11; institutional investors own approximately 39.93% of the shares.

Amentum (NYSE:AMTM - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "hold" rating to a "buy" rating in a note issued to investors on Saturday.

Several other research analysts have also recently commented on AMTM. UBS Group raised their target price on shares of Amentum from $23.00 to $24.00 and gave the stock a "neutral" rating in a report on Wednesday. Bank of America cut their price target on shares of Amentum from $35.00 to $30.00 and set a "neutral" rating on the stock in a report on Monday, July 20th. 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 price target for the company. JPMorgan Chase & Co. decreased their price objective on shares of Amentum from $34.00 to $31.00 and set a "neutral" rating for the company in a research note on Tuesday, May 26th. Finally, Weiss Ratings cut shares of Amentum from a "hold (c)" rating to a "hold (c-)" rating in a research report on Tuesday, June 23rd. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $30.18.

Amentum Stock Performance

Shares of NYSE AMTM opened at $21.49 on Friday. The company has a quick ratio of 1.48, a current ratio of 1.52 and a debt-to-equity ratio of 0.79. The stock has a market capitalization of $5.25 billion, a price-to-earnings ratio of 25.89, a PEG ratio of 0.63 and a beta of 0.30. The stock's fifty day simple moving average is $21.79 and its 200 day simple moving average is $25.78. Amentum has a 52-week low of $19.80 and a 52-week high of $38.11.

Amentum (NYSE:AMTM - Get Free Report) last released its quarterly earnings results on Monday, August 10th. The company reported $0.67 earnings per share for the quarter, beating analysts' consensus estimates of $0.61 by $0.06. The business had revenue of $3.49 billion during the quarter, compared to analyst estimates of $3.57 billion. Amentum had a return on equity of 12.19% and a net margin of 1.44%.Amentum's revenue for the quarter was down 2.0% on a year-over-year basis. During the same quarter last year, the company posted $0.56 EPS. Amentum has set its FY 2026 guidance at 2.400-2.500 EPS. As a group, sell-side analysts forecast that Amentum will post 2.36 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Los Angeles Capital Management LLC purchased a new stake in Amentum in the 4th quarter worth approximately $26,000. Global Retirement Partners LLC acquired a new position in Amentum in the 2nd quarter worth about $31,000. Western Wealth Management LLC purchased a new stake in shares of Amentum during the 1st quarter worth about $33,000. NFSG Corp purchased a new stake in shares of Amentum during the 1st quarter worth about $35,000. Finally, Salomon & Ludwin LLC lifted its holdings in shares of Amentum by 98.6% during the 4th quarter. Salomon & Ludwin LLC now owns 1,305 shares of the company's stock valued at $41,000 after buying an additional 648 shares during the last quarter. 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.

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