Amentum (NYSE:AMTM) Upgraded at Zacks Research

Amentum (NYSE:AMTM) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued on Tuesday,Zacks.com reports.

AMTM has been the subject of several other research reports. BTIG Research restated a “buy” rating and issued a $35.00 price objective on shares of Amentum in a report on Thursday, May 14th. BNP Paribas Exane initiated coverage on Amentum in a report on Tuesday, May 26th. They set an “underperform” rating and a $22.00 target price on the stock. Royal Bank Of Canada reduced their price target on Amentum from $35.00 to $28.00 and set a “sector perform” rating for the company in a research report on Wednesday, May 13th. Bank of America lowered their price target on Amentum from $35.00 to $30.00 and set a “neutral” rating on the stock in a research report on Monday. Finally, Citizens Jmp reiterated a “market outperform” rating and set a $40.00 price objective on shares of Amentum in a research note on Monday, April 13th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $32.00.

Amentum Stock Performance

Shares of AMTM opened at $21.43 on Tuesday. 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 has a 12 month low of $19.80 and a 12 month high of $38.11. The firm has a fifty day simple moving average of $21.90 and a 200 day simple moving average of $27.01. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.83.

Amentum (NYSE:AMTM) last issued its quarterly earnings results on Monday, May 11th. The company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.02. Amentum had a net margin of 1.04% and a return on equity of 11.74%. The firm had revenue of $3.48 billion for the quarter, compared to analyst estimates of $3.47 billion. During the same period in the previous year, the business earned $0.53 EPS. The company’s revenue was down .4% compared to the same quarter last year. Amentum has set its FY 2026 guidance at 2.250-2.450 EPS. Research analysts forecast that Amentum will post 2.36 EPS for the current fiscal year.

Institutional Investors Weigh In On Amentum

A number of institutional investors and hedge funds have recently modified their holdings of the company. Los Angeles Capital Management LLC bought a new position in Amentum during the fourth quarter worth about $26,000. Western Wealth Management LLC bought a new stake in Amentum in the first quarter valued at approximately $33,000. NFSG Corp acquired a new stake in shares of Amentum in the first quarter valued at approximately $35,000. Financial Consulate Inc. acquired a new stake in shares of Amentum in the fourth quarter valued at approximately $38,000. Finally, Sound Income Strategies LLC lifted its position in shares of Amentum by 45.3% in the fourth quarter. Sound Income Strategies LLC now owns 1,363 shares of the company’s stock valued at $40,000 after buying an additional 425 shares during the last quarter. 39.93% of the stock is owned by 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.