Amentum (NYSE:AMTM) Price Target Cut to $30.00 by Analysts at Bank of America

Amentum (NYSE:AMTM) had its price objective reduced by Bank of America from $35.00 to $30.00 in a research note issued to investors on Monday morning,Benzinga reports. They currently have a neutral rating on the stock.

Other analysts also recently issued research reports about the stock. Royal Bank Of Canada decreased their price target on shares of Amentum from $35.00 to $28.00 and set a “sector perform” rating for the company in a research report on Wednesday, May 13th. Morgan Stanley started coverage on shares of Amentum in a report on Wednesday, May 13th. They issued an “equal weight” rating and a $30.00 price target on the stock. Weiss Ratings downgraded shares of Amentum from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, June 23rd. BNP Paribas Exane started coverage on shares of Amentum in a report on Tuesday, May 26th. They set an “underperform” rating and a $22.00 price objective for the company. Finally, Truist Financial reissued a “buy” rating and issued a $35.00 target price (down from $42.00) on shares of Amentum in a research report on Tuesday, May 12th. Six investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $32.00.

Amentum Trading Up 2.3%

NYSE:AMTM opened at $21.16 on Monday. The stock has a market cap of $5.17 billion, a price-to-earnings ratio of 35.27, a price-to-earnings-growth ratio of 0.60 and a beta of 0.35. 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 0.83, a quick ratio of 1.48 and a current ratio of 1.48. The business’s 50-day simple moving average is $22.00 and its 200 day simple moving average is $27.12.

Amentum (NYSE:AMTM) last issued its quarterly earnings data on Monday, May 11th. The company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.02. Amentum had a return on equity of 11.74% and a net margin of 1.04%.The firm had revenue of $3.48 billion during the quarter, compared to analyst estimates of $3.47 billion. During the same quarter last year, the firm earned $0.53 EPS. Amentum’s quarterly revenue was down .4% on a year-over-year basis. Amentum has set its FY 2026 guidance at 2.250-2.450 EPS. As a group, sell-side analysts predict that Amentum will post 2.36 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Amentum

A number of institutional investors have recently made changes to their positions in the company. IFM Investors Pty Ltd bought a new position in Amentum during the first quarter worth $411,000. Cetera Investment Advisers acquired a new position in Amentum in the second quarter worth $335,000. JPMorgan Chase & Co. increased its stake in Amentum by 4.1% during the second quarter. JPMorgan Chase & Co. now owns 91,322 shares of the company’s stock valued at $2,156,000 after purchasing an additional 3,608 shares during the last quarter. M&T Bank Corp bought a new stake in Amentum during the second quarter valued at $241,000. Finally, Gabelli Funds LLC acquired a new stake in shares of Amentum during the second quarter worth $592,000. 39.93% of the stock is currently owned by 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.