Amentum (NYSE:AMTM) Downgraded by Zacks Research to “Hold”

Amentum (NYSE:AMTM) was downgraded by stock analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report issued on Wednesday,Zacks.com reports.

AMTM has been the subject of a number of other reports. UBS Group increased their price objective on Amentum from $23.00 to $24.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 12th. BTIG Research decreased their price target on Amentum from $35.00 to $30.00 and set a “buy” rating for the company in a report on Wednesday, August 12th. Morgan Stanley set a $24.00 price objective on shares of Amentum in a research note on Tuesday, August 11th. Wall Street Zen upgraded shares of Amentum from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. Finally, Royal Bank Of Canada reduced their target price on shares of Amentum from $28.00 to $26.00 and set a “sector perform” rating for the company in a research note on Wednesday, August 12th. Five analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Amentum has an average rating of “Hold” and a consensus target price of $29.18.

Amentum Price Performance

Shares of NYSE:AMTM opened at $20.62 on Wednesday. The company has a 50-day simple moving average of $21.66 and a 200-day simple moving average of $25.28. Amentum has a one year low of $19.80 and a one year high of $38.11. 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 stock has a market capitalization of $5.04 billion, a price-to-earnings ratio of 24.84, a PEG ratio of 0.61 and a beta of 0.30.

Amentum (NYSE:AMTM) last announced its earnings results on Monday, August 10th. The company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.06. Amentum had a net margin of 1.44% and a return on equity of 12.19%. The business had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.57 billion. During the same quarter in the prior year, the firm earned $0.56 earnings per share. The business’s quarterly 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. On average, analysts predict that Amentum will post 2.36 EPS for the current year.

Institutional Trading of Amentum

A number of institutional investors have recently modified their holdings of AMTM. IFM Investors Pty Ltd acquired a new position in Amentum during the first quarter worth $411,000. Cetera Investment Advisers acquired a new stake in Amentum in the second quarter valued at $335,000. JPMorgan Chase & Co. lifted its holdings in Amentum by 4.1% in 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 during the period. M&T Bank Corp acquired a new stake in Amentum in the second quarter valued at $241,000. Finally, Gabelli Funds LLC purchased a new stake in shares of Amentum during the 2nd quarter worth $592,000. 39.93% of the stock is currently owned by hedge funds and other institutional investors.

About Amentum

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.