Amentum (NYSE:AMTM) Stock Rating Raised to “Buy” at Wall Street Zen

Wall Street Zen upgraded shares of Amentum (NYSE:AMTM) from a hold rating to a buy rating in a report issued on Sunday morning,Wall Street Zen reports.

A number of other analysts have also issued reports on the stock. UBS Group boosted their target price on shares of Amentum from $23.00 to $24.00 and gave the company a “neutral” rating in a research note on Wednesday, August 12th. Bank of America cut their price target on shares of Amentum from $35.00 to $30.00 and set a “neutral” rating on the stock in a report on Monday, July 20th. Zacks Research raised shares of Amentum from a “strong sell” rating to a “hold” rating in a research note on Friday, October 30th. Morgan Stanley set a $24.00 price objective on shares of Amentum in a report on Tuesday, August 11th. Finally, Weiss Ratings raised shares of Amentum from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, October 29th. Five analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $28.91.

Amentum Price Performance

AMTM opened at $21.19 on Friday. The business has a fifty day moving average of $19.95 and a 200 day moving average of $24.26. Amentum has a 52-week low of $17.72 and a 52-week high of $38.11. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.79. The stock has a market cap of $5.18 billion, a P/E ratio of 25.53, a PEG ratio of 0.57 and a beta of 0.14.

Amentum (NYSE:AMTM) last announced 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 the consensus estimate of $3.57 billion. During the same quarter in the prior year, the company posted $0.56 EPS. Amentum’s quarterly revenue was down 2.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Amentum will post 2.38 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. BlackRock Inc. bought a new position in shares of Amentum during the second quarter valued at approximately $370,137,000. Bank of America Corp DE increased its holdings in Amentum by 107.8% during the first quarter. Bank of America Corp DE now owns 2,405,041 shares of the company’s stock valued at $62,723,000 after buying an additional 1,247,614 shares during the period. Bank of New York Mellon Corp bought a new position in Amentum in the second quarter worth approximately $18,150,000. Bryn Mawr Trust Advisors LLC bought a new position in Amentum in the second quarter worth approximately $2,924,000. Finally, Troluce Capital Advisors LLC bought a new position in Amentum in the first quarter worth approximately $26,080,000. 39.93% of the stock is currently owned by hedge funds and other institutional investors.

About Amentum

Amentum is a provider of engineering, technical and mission-support services for government and commercial customers. Its work includes managing and operating facilities and infrastructure, maintaining equipment, providing logistics and program-management support, and delivering technology and cybersecurity services.

The company serves customers in areas including defense, intelligence, space, energy and environmental remediation. Its clients include U.S. government agencies and customers in other countries, with work spanning operations and support as well as complex engineering and technology projects.

Amentum took its current form in 2024, when the company combined with Jacobs Solutions’ Critical Mission Solutions and Cyber & Intelligence businesses.