Amentum (NYSE:AMTM) Stock Rating Lowered by Zacks Research

Amentum (NYSE:AMTM) was downgraded by equities researchers at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

AMTM has been the topic of a number of other research reports. Weiss Ratings downgraded shares of Amentum from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, June 23rd. Wall Street Zen upgraded shares of Amentum from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. BNP Paribas Exane started coverage on Amentum in a report on Tuesday, May 26th. They set an “underperform” rating and a $22.00 price target on the stock. BTIG Research dropped their price target on Amentum from $35.00 to $30.00 and set a “buy” rating on the stock in a research note on Wednesday, August 12th. Finally, UBS Group lifted their price objective on Amentum from $23.00 to $24.00 and gave the stock a “neutral” rating in a report on Wednesday, August 12th. Five investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $29.18.

Amentum Stock Down 1.9%

AMTM stock opened at $20.62 on Wednesday. The stock has a market capitalization of $5.04 billion, a P/E ratio of 24.84, a P/E/G ratio of 0.61 and a beta of 0.30. 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 1-year low of $19.80 and a 1-year high of $38.11. The business has a fifty day moving average price of $21.66 and a 200-day moving average price of $25.28.

Amentum (NYSE:AMTM) last released its quarterly earnings data on Monday, August 10th. The company reported $0.67 EPS for the quarter, beating the consensus estimate of $0.61 by $0.06. Amentum had a return on equity of 12.19% and a net margin of 1.44%.The company had revenue of $3.49 billion for the quarter, compared to analysts’ expectations of $3.57 billion. During the same period last year, the firm posted $0.56 earnings per share. Amentum’s revenue was down 2.0% compared to the same quarter last year. Amentum has set its FY 2026 guidance at 2.400-2.500 EPS. Equities analysts forecast that Amentum will post 2.36 earnings per share for the current fiscal year.

Institutional Trading of Amentum

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AMTM. Los Angeles Capital Management LLC purchased a new position in shares of Amentum during the 4th quarter worth $26,000. Western Wealth Management LLC bought a new position in Amentum in the 1st quarter worth $33,000. Salomon & Ludwin LLC lifted its position in Amentum by 98.6% during the fourth quarter. Salomon & Ludwin LLC now owns 1,305 shares of the company’s stock valued at $41,000 after purchasing an additional 648 shares in the last quarter. NFSG Corp bought a new stake in Amentum during the first quarter valued at about $35,000. Finally, Global Retirement Partners LLC purchased a new stake in Amentum in the second quarter worth about $31,000. 39.93% of the stock is owned by hedge funds and other institutional investors.

Amentum Company Profile

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.