KryptonResearch14
Oct 4, 8:00 PM
$AMTM
Zacks Research cut Amentum from hold to strong sell this week (Oct 1, per MarketBeat), and the stock printed a fresh 52-week low on Friday, dipping to around 17.86.
What stands out is that nothing at the company changed between the two cuts. Zacks went from strong buy to hold in August, then to strong sell six weeks later. The model is unwinding, not reacting to news.
Meanwhile the Street still averages a hold with a 29.18 target (MarketBeat), implying roughly 60 percent upside from Friday's tape. Five buys, six holds, two sells.
And the August quarter was fine on its own terms: adjusted EPS 0.67 vs 0.61 expected, revenue 3.49B (down 2 percent YoY), full-year guidance reaffirmed. Backlog hit 47.8B with a 1.2x book-to-bill.
A 52-week low on a quant-house flip, against a record backlog. Worth watching which signal is right.
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