Amentum (NYSE:AMTM) Stock Rating Upgraded by BNP Paribas Exane

Amentum (NYSE:AMTM) was upgraded by research analysts at BNP Paribas Exane from an “underperform” rating to a “neutral” rating in a research note issued to investors on Tuesday, Marketbeat reports. The firm presently has a $20.00 price objective on the stock, down from their previous price objective of $21.00. BNP Paribas Exane’s target price suggests a potential upside of 7.79% from the company’s current price.

Several other equities research analysts also recently commented on the company. JPMorgan Chase & Co. dropped their target price 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 lowered their price objective on shares of Amentum from $35.00 to $30.00 and set a “buy” rating for the company in a research report on Wednesday, August 12th. The Goldman Sachs Group set a $24.00 price objective on shares of Amentum in a research note on Thursday, August 20th. Wall Street Zen raised shares of Amentum from a “hold” rating to a “buy” rating in a research report on Sunday, September 20th. Finally, UBS Group upped 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. Five research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $29.00.

Amentum Stock Performance

Shares of AMTM stock opened at $18.55 on Tuesday. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.79. The company has a market cap of $4.54 billion, a PE ratio of 22.36, a P/E/G ratio of 0.51 and a beta of 0.31. The company’s fifty day simple moving average is $20.51 and its 200-day simple moving average is $22.57. Amentum has a 52 week low of $17.72 and a 52 week high of $38.11.

Amentum (NYSE:AMTM) last announced its quarterly earnings results on Monday, August 10th. The company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.06. The firm had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.57 billion. Amentum had a return on equity of 12.19% and a net margin of 1.44%.The firm’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.56 EPS. Amentum has set its FY 2026 guidance at 2.400-2.500 EPS. As a group, equities research analysts anticipate that Amentum will post 2.38 EPS for the current year.

Institutional Investors Weigh In On Amentum

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Global Retirement Partners LLC acquired a new stake in shares of Amentum during the second quarter worth approximately $31,000. Western Wealth Management LLC acquired a new stake in Amentum in the first quarter valued at $33,000. NFSG Corp acquired a new stake in Amentum in the first quarter valued at $35,000. Nykredit A S bought a new position in Amentum during the 2nd quarter valued at $37,000. Finally, Integrated Wealth Concepts LLC bought a new position in Amentum during the 2nd quarter valued at $50,000. 39.93% of the stock is currently owned by hedge funds and other institutional investors.

About Amentum

Amentum (NYSE: AMTM) is a global engineering and technical services contractor that supports government and commercial customers across defense, intelligence, space, civilian, energy and environmental markets. The company provides mission-critical services designed to help customers operate, maintain and modernize complex systems and infrastructure.

Its capabilities include systems engineering, program management, logistics, operations and maintenance, cybersecurity, digital transformation, intelligence analysis, testing and evaluation, and environmental and nuclear lifecycle services.