BTIG Research Has Lowered Expectations for Amentum (NYSE:AMTM) Stock Price

Amentum (NYSE:AMTM) had its target price decreased by research analysts at BTIG Research from $35.00 to $30.00 in a research report issued on Wednesday, MarketBeat.com reports. The brokerage currently has a “buy” rating on the stock. BTIG Research’s price objective would indicate a potential upside of 33.81% from the company’s previous close.

Other equities research analysts have also issued research reports about the company. Morgan Stanley set a $24.00 price target on Amentum in a research note on Tuesday. Weiss Ratings lowered shares of Amentum from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, June 23rd. BNP Paribas Exane initiated coverage on shares of Amentum in a research note on Tuesday, May 26th. They issued an “underperform” rating and a $22.00 target price for the company. Truist Financial reissued a “buy” rating and set a $35.00 target price (down from $42.00) on shares of Amentum in a research report on Tuesday, May 12th. Finally, Wall Street Zen lowered shares of Amentum from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $31.08.

Amentum Stock Down 8.3%

Amentum stock opened at $22.42 on Wednesday. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.48 and a quick ratio of 1.48. The stock has a market capitalization of $5.48 billion, a price-to-earnings ratio of 27.01, a PEG ratio of 0.71 and a beta of 0.30. Amentum has a 1-year low of $19.80 and a 1-year high of $38.11. The business has a fifty day moving average price of $21.86 and a 200-day moving average price of $26.00.

Amentum (NYSE:AMTM) last announced its earnings results on Monday, August 10th. The company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.06. Amentum had a return on equity of 12.27% and a net margin of 1.44%.The firm had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.57 billion. During the same period in the previous year, the business earned $0.56 EPS. The firm’s revenue for the quarter was down 2.0% on a year-over-year basis. Amentum has set its FY 2026 guidance at 2.400-2.500 EPS. Equities research analysts forecast that Amentum will post 2.36 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of AMTM. BlackRock Inc. purchased a new stake in shares of Amentum in the 2nd quarter valued at $370,137,000. Legacy Advisors LLC purchased a new position in shares of Amentum during the fourth quarter worth $284,614,000. Focus Partners Wealth raised its holdings in shares of Amentum by 8,467.6% during the fourth quarter. Focus Partners Wealth now owns 2,794,417 shares of the company’s stock worth $81,038,000 after purchasing an additional 2,761,801 shares during the last quarter. Invesco Ltd. lifted its position in Amentum by 13.0% during 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 during the period. Finally, Norges Bank acquired a new position in Amentum during the fourth quarter valued at $66,529,000. 39.93% of the stock is owned by institutional investors and hedge funds.

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.