Amentum (NYSE:AMTM) Cut to “Hold” at Wall Street Zen

Wall Street Zen downgraded shares of Amentum (NYSE:AMTM) from a buy rating to a hold rating in a research report sent to investors on Saturday,Wall Street Zen reports.

A number of other brokerages have also recently weighed in on AMTM. Zacks Research cut Amentum from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 19th. The Goldman Sachs Group set a $24.00 price target on Amentum in a research note on Thursday, August 20th. JPMorgan Chase & Co. cut their price objective on Amentum from $31.00 to $26.00 and set a “neutral” rating on the stock in a report on Monday, August 17th. BTIG Research reduced their price objective 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, BNP Paribas Exane started coverage on Amentum in a research note on Tuesday, May 26th. They issued an “underperform” rating and a $22.00 price objective on the stock. Five investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Amentum currently has an average rating of “Hold” and a consensus price target of $29.18.

Amentum Stock Performance

Shares of AMTM stock opened at $19.72 on Friday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.52 and a current ratio of 1.52. The firm has a market capitalization of $4.82 billion, a price-to-earnings ratio of 23.76, a price-to-earnings-growth ratio of 0.56 and a beta of 0.26. Amentum has a one year low of $19.21 and a one year high of $38.11. The company has a 50 day moving average price of $21.29 and a 200 day moving average price of $23.77.

Amentum (NYSE:AMTM) last announced its quarterly earnings results on Monday, August 10th. The company reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.06. Amentum had a net margin of 1.44% and a return on equity of 12.19%. The company had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.57 billion. During the same quarter last year, the business earned $0.56 EPS. Amentum’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. Sell-side analysts anticipate that Amentum will post 2.38 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Western Wealth Management LLC purchased a new stake in shares of Amentum during the 1st quarter valued at about $33,000. NFSG Corp purchased a new position in Amentum in the 1st quarter worth approximately $35,000. Global Retirement Partners LLC acquired a new stake in Amentum in the second quarter valued at approximately $31,000. Nykredit A S purchased a new stake in shares of Amentum during the second quarter valued at approximately $37,000. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Amentum by 35.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,853 shares of the company’s stock worth $54,000 after purchasing an additional 481 shares in the last quarter. Institutional investors and hedge funds own 39.93% of the company’s stock.

Amentum Company Profile

Amentum (NYSE: AMTM) is a global engineering and technical services company that provides mission support to government and commercial customers. Its capabilities include systems engineering, program management, operations and maintenance, logistics, cybersecurity, information technology, intelligence analysis, and professional services.

The company supports customers across the defense, intelligence, space, civilian government, energy, environmental, and industrial markets. Its work includes maintaining and modernizing critical infrastructure and complex platforms, supporting national security missions, managing nuclear and environmental programs, and providing technical services for space and other advanced technology programs.

Amentum was established through the combination of Amentum and Jacobs’ Critical Mission Solutions and Cyber and Intelligence businesses, which was completed in 2024.