Amentum (NYSE:AMTM) Upgraded by BNP Paribas Exane to “Strong Sell” Rating

BNP Paribas Exane upgraded shares of Amentum (NYSE:AMTM) to a strong sell rating in a research note issued to investors on Tuesday,Zacks.com reports.

A number of other analysts have also weighed in on the company. Morgan Stanley began coverage on Amentum in a research note on Wednesday, May 13th. They set an “equal weight” rating and a $30.00 price objective for the company. Citizens Jmp reissued a “market outperform” rating and set a $40.00 price objective on shares of Amentum in a research note on Monday, April 13th. Wall Street Zen raised Amentum from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. JPMorgan Chase & Co. dropped their price objective on Amentum from $34.00 to $31.00 and set a “neutral” rating for the company in a research note on Tuesday. Finally, BTIG Research reissued a “buy” rating and set a $35.00 price objective on shares of Amentum in a research note on Thursday, May 14th. Six equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $32.00.

Amentum Stock Up 1.0%

Shares of AMTM opened at $23.14 on Tuesday. The firm has a market cap of $5.65 billion, a P/E ratio of 38.57, a P/E/G ratio of 0.68 and a beta of 0.43. The stock has a 50 day simple moving average of $25.67 and a two-hundred day simple moving average of $28.65. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.48 and a quick ratio of 1.48. Amentum has a 1 year low of $19.11 and a 1 year high of $38.11.

Amentum (NYSE:AMTM) last issued its earnings results on Monday, May 11th. The company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.02. The business had revenue of $3.48 billion during the quarter, compared to analyst estimates of $3.47 billion. Amentum had a return on equity of 11.74% and a net margin of 1.04%.Amentum’s revenue for the quarter was down .4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.53 earnings per share. Amentum has set its FY 2026 guidance at 2.250-2.450 EPS. On average, analysts forecast that Amentum will post 2.33 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Amentum

A number of hedge funds and other institutional investors have recently made changes to their positions in AMTM. IFM Investors Pty Ltd bought a new position in shares of Amentum during the first quarter valued at approximately $411,000. Cetera Investment Advisers bought a new position in shares of Amentum during the second quarter valued at approximately $335,000. JPMorgan Chase & Co. raised its holdings in shares of Amentum by 4.1% during the second quarter. JPMorgan Chase & Co. now owns 91,322 shares of the company’s stock valued at $2,156,000 after acquiring an additional 3,608 shares in the last quarter. M&T Bank Corp bought a new position in shares of Amentum during the second quarter valued at approximately $241,000. Finally, Gabelli Funds LLC bought a new position in shares of Amentum during the second quarter valued at approximately $592,000. Institutional investors own 39.93% of the company’s stock.

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.