BTIG Research Reaffirms Buy Rating for Amentum (NYSE:AMTM)

Amentum (NYSE:AMTM)‘s stock had its “buy” rating reissued by analysts at BTIG Research in a research report issued to clients and investors on Wednesday,Benzinga reports. They presently have a $35.00 target price on the stock. BTIG Research’s price target suggests a potential upside of 16.78% from the company’s previous close.

A number of other equities research analysts have also recently commented on AMTM. JMP Securities set a $35.00 target price on shares of Amentum in a research report on Wednesday, November 26th. Citizens Jmp upped their price target on Amentum from $35.00 to $40.00 and gave the stock a “market outperform” rating in a research report on Monday, January 12th. Cantor Fitzgerald raised their price objective on Amentum from $35.00 to $40.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 2nd. Royal Bank Of Canada boosted their price target on Amentum from $26.00 to $30.00 and gave the stock a “sector perform” rating in a research note on Wednesday, November 26th. Finally, UBS Group increased their price objective on shares of Amentum from $33.00 to $37.00 and gave the company a “neutral” rating in a research report on Thursday, January 15th. Seven equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, Amentum has an average rating of “Moderate Buy” and an average price target of $34.92.

Amentum Trading Down 1.4%

Shares of NYSE:AMTM opened at $29.97 on Wednesday. The company has a market capitalization of $7.31 billion, a PE ratio of 74.93, a P/E/G ratio of 0.89 and a beta of 0.01. The company has a current ratio of 1.42, a quick ratio of 1.32 and a debt-to-equity ratio of 0.84. Amentum has a 12-month low of $16.01 and a 12-month high of $38.11. The business’s fifty day simple moving average is $32.30 and its 200-day simple moving average is $27.04.

Amentum (NYSE:AMTM) last issued its quarterly earnings data on Monday, February 9th. The company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.02. Amentum had a return on equity of 11.56% and a net margin of 0.69%.The firm had revenue of $3.24 billion during the quarter, compared to analysts’ expectations of $3.32 billion. Amentum’s revenue for the quarter was down 5.2% compared to the same quarter last year. Amentum has set its FY 2026 guidance at 2.250-2.450 EPS. As a group, equities research analysts predict that Amentum will post 2.1 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Amentum

A number of institutional investors have recently bought and sold shares of the business. Legacy Advisors LLC purchased a new stake in shares of Amentum in the fourth quarter worth about $284,614,000. Invesco Ltd. raised its position in Amentum by 13.0% during the third quarter. Invesco Ltd. now owns 22,116,835 shares of the company’s stock valued at $529,698,000 after acquiring an additional 2,539,594 shares in the last quarter. Norges Bank acquired a new position in Amentum in the fourth quarter valued at approximately $66,529,000. Primecap Management Co. CA boosted its position in Amentum by 19.6% in the 2nd quarter. Primecap Management Co. CA now owns 12,030,656 shares of the company’s stock worth $284,044,000 after purchasing an additional 1,969,067 shares in the last quarter. Finally, Frontier Capital Management Co. LLC grew its stake in shares of Amentum by 52.6% during the 2nd quarter. Frontier Capital Management Co. LLC now owns 5,460,743 shares of the company’s stock worth $128,928,000 after purchasing an additional 1,882,011 shares during the period. 39.93% of the stock is 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.