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

Zacks Research lowered shares of Amentum (NYSE:AMTM) from a hold rating to a strong sell rating in a research report sent to investors on Thursday,Zacks reports.

Other equities analysts have also issued research reports about the company. Weiss Ratings reissued a “hold (c-)” rating on shares of Amentum in a report on Friday, September 18th. Royal Bank Of Canada decreased their price target on Amentum from $28.00 to $26.00 and set a “sector perform” rating for the company in a report on Wednesday, August 12th. The Goldman Sachs Group set a $24.00 price objective on Amentum in a research report on Thursday, August 20th. BTIG Research dropped their price objective on Amentum from $35.00 to $30.00 and set a “buy” rating on the stock in a report on Wednesday, August 12th. Finally, Wall Street Zen raised Amentum from a “hold” rating to a “buy” rating in a research report on Sunday, September 20th. Five equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $29.18.

Amentum Stock Performance

Shares of AMTM opened at $18.14 on Thursday. The stock has a 50-day simple moving average of $20.76 and a 200-day simple moving average of $22.79. 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 $4.44 billion, a PE ratio of 21.85, a PEG ratio of 0.50 and a beta of 0.31. Amentum has a 1 year low of $17.72 and a 1 year high of $38.11.

Amentum (NYSE:AMTM) last issued its earnings results on Monday, August 10th. The company reported $0.67 earnings per share for the quarter, beating 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 firm had revenue of $3.49 billion for the quarter, compared to analysts’ expectations of $3.57 billion. During the same quarter last year, the company earned $0.56 earnings per share. The firm’s 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 2.38 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Amentum

A number of institutional investors and hedge funds have recently bought and sold shares of AMTM. Global Retirement Partners LLC purchased a new position in shares of Amentum during the second quarter worth about $31,000. Western Wealth Management LLC purchased a new stake in shares of Amentum in the 1st quarter valued at about $33,000. NFSG Corp acquired a new stake in shares of Amentum in the 1st quarter valued at about $35,000. Nykredit A S acquired a new stake in shares of Amentum in the 2nd quarter valued at about $37,000. Finally, Integrated Wealth Concepts LLC purchased a new position in Amentum during the 2nd quarter worth approximately $50,000. 39.93% of the stock is 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.