Amentum (NYSE:AMTM) Downgraded by Wall Street Zen to Hold

Key Points

• Wall Street Zen downgraded Amentum from “Buy” to “Hold.” The broader analyst consensus is also “Hold,” with five Buy ratings, seven Holds, one Sell, and an average price target of $29.18.
• Several analysts recently lowered their price targets, including Bank of America to $30 and JPMorgan to $26, while BTIG reduced its target to $30 but maintained a Buy rating.
• Amentum shares opened at $19.49, near their 52-week low of $19.21. Although quarterly EPS of $0.67 beat estimates of $0.61, revenue declined 2% year over year to $3.49 billion.

Amentum (NYSE:AMTM - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

A number of other analysts have also recently weighed in on AMTM. Bank of America decreased their target price on shares of Amentum from $35.00 to $30.00 and set a "neutral" rating on the stock in a research note on Monday, July 20th. Zacks Research cut Amentum from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 19th. JPMorgan Chase & Co. cut their price objective on Amentum from $31.00 to $26.00 and set a "neutral" rating on the stock in a report on Monday, August 17th. The Goldman Sachs Group set a $24.00 target price on Amentum in a report on Thursday, August 20th. Finally, BTIG Research dropped their target price on Amentum from $35.00 to $30.00 and set a "buy" rating for the company in a research report on Wednesday, August 12th. Five analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $29.18.

Amentum Stock Performance

AMTM opened at $19.49 on Friday. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.52 and a quick ratio of 1.52. The business has a fifty day simple moving average of $21.34 and a 200 day simple moving average of $23.88. Amentum has a 1 year low of $19.21 and a 1 year high of $38.11. The company has a market capitalization of $4.77 billion, a PE ratio of 23.48, a price-to-earnings-growth ratio of 0.57 and a beta of 0.26.

Amentum (NYSE:AMTM - Get Free Report) last announced its 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 analyst estimates of $3.57 billion. Amentum had a net margin of 1.44% and a return on equity of 12.19%. The business's revenue was down 2.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.56 EPS. Amentum has set its FY 2026 guidance at 2.400-2.500 EPS. Research analysts expect that Amentum will post 2.38 EPS for the current year.

Institutional Trading of Amentum

Hedge funds have recently modified their holdings of the stock. Los Angeles Capital Management LLC acquired a new position in Amentum during the fourth quarter worth $26,000. Global Retirement Partners LLC acquired a new position in shares of Amentum during the second quarter valued at about $31,000. Western Wealth Management LLC acquired a new position in shares of Amentum during the first quarter valued at about $33,000. NFSG Corp bought a new stake in shares of Amentum during the first quarter worth about $35,000. Finally, Nykredit A S bought a new stake in shares of Amentum during the second quarter worth about $37,000. Institutional investors own 39.93% of the company's stock.

About Amentum

Amentum NYSE: AMTM is a global engineering and technical services company that provides mission support to government and commercial customers. Its capabilities include systems engineering, program management, operations and maintenance, logistics, cybersecurity, information technology, intelligence analysis, and professional services.

The company supports customers across the defense, intelligence, space, civilian government, energy, environmental, and industrial markets. Its work includes maintaining and modernizing critical infrastructure and complex platforms, supporting national security missions, managing nuclear and environmental programs, and providing technical services for space and other advanced technology programs.

Amentum was established through the combination of Amentum and Jacobs' Critical Mission Solutions and Cyber and Intelligence businesses, which was completed in 2024.

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