Amentum (NYSE:AMTM) Stock Lifted to “Neutral” by BNP Paribas Exane

BNP Paribas Exane upgraded shares of Amentum (NYSE:AMTM) from an underperform rating to a neutral rating in a report published on Tuesday morning, Marketbeat reports. They currently have $20.00 target price on the stock, down from their previous target price of $21.00.

A number of other brokerages have also commented on AMTM. Morgan Stanley set a $24.00 price target on shares of Amentum in a research note on Tuesday, August 11th. Zacks Research downgraded shares of Amentum from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 1st. The Goldman Sachs Group set a $24.00 price objective on shares of Amentum in a research report on Thursday, August 20th. Weiss Ratings restated a “hold (c-)” rating on shares of Amentum in a report on Friday, September 18th. Finally, JPMorgan Chase & Co. cut their target price on shares of Amentum from $31.00 to $26.00 and set a “neutral” rating for the company in a research report on Monday, August 17th. Five investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Amentum currently has an average rating of “Hold” and an average price target of $29.00.

Amentum Trading Up 2.8%

Amentum stock opened at $18.75 on Tuesday. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.52 and a quick ratio of 1.52. Amentum has a one year low of $17.72 and a one year high of $38.11. The stock has a market capitalization of $4.58 billion, a PE ratio of 22.59, a price-to-earnings-growth ratio of 0.49 and a beta of 0.31. The business’s fifty day moving average is $20.58 and its 200 day moving average is $22.63.

Amentum (NYSE:AMTM) last issued its earnings results on Monday, August 10th. The company reported $0.67 earnings per share for the quarter, topping 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 was down 2.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.56 EPS. Amentum has set its FY 2026 guidance at 2.400-2.500 EPS. On average, sell-side analysts predict that Amentum will post 2.38 EPS for the current year.

Hedge Funds Weigh In On Amentum

Several institutional investors have recently made changes to their positions in the business. BlackRock Inc. bought a new stake in Amentum during the second quarter valued at approximately $370,137,000. Primecap Management Co. CA bought a new position in Amentum in the second quarter worth approximately $253,941,000. Dimensional Fund Advisors LP raised its position in Amentum by 106.6% in the first quarter. Dimensional Fund Advisors LP now owns 3,787,420 shares of the company’s stock worth $98,767,000 after acquiring an additional 1,954,494 shares during the period. Focus Partners Wealth boosted its stake in shares of Amentum by 8,467.6% during the 4th quarter. Focus Partners Wealth now owns 2,794,417 shares of the company’s stock worth $81,038,000 after acquiring an additional 2,761,801 shares during the last quarter. Finally, Troluce Capital Advisors LLC boosted its stake in shares of Amentum by 256.5% during the 2nd quarter. Troluce Capital Advisors LLC now owns 3,565,399 shares of the company’s stock worth $73,697,000 after acquiring an additional 2,565,399 shares during the last quarter. Institutional investors own 39.93% of the company’s stock.

Amentum Company Profile

Amentum (NYSE: AMTM) is a global engineering and technical services contractor that supports government and commercial customers across defense, intelligence, space, civilian, energy and environmental markets. The company provides mission-critical services designed to help customers operate, maintain and modernize complex systems and infrastructure.

Its capabilities include systems engineering, program management, logistics, operations and maintenance, cybersecurity, digital transformation, intelligence analysis, testing and evaluation, and environmental and nuclear lifecycle services.