Amentum (NYSE:AMTM) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

Amentum (NYSE:AMTM) had its price objective boosted by investment analysts at Royal Bank Of Canada from $30.00 to $35.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s target price would indicate a potential upside of 16.78% from the stock’s current price.

A number of other brokerages have also issued reports on AMTM. Cantor Fitzgerald boosted their price target on shares of Amentum from $35.00 to $40.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 2nd. JMP Securities set a $35.00 target price on shares of Amentum in a report on Wednesday, November 26th. Bank of America boosted their target price on shares of Amentum from $27.00 to $30.00 and gave the company a “neutral” rating in a research note on Wednesday, December 31st. JPMorgan Chase & Co. upped their target price on Amentum from $30.00 to $34.00 and gave the company a “neutral” rating in a research note on Wednesday, November 26th. Finally, Truist Financial boosted their price objective on shares of Amentum from $34.00 to $42.00 and gave the company a “buy” rating in a research note on Wednesday, January 14th. Seven investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $34.92.

Amentum Trading Down 1.4%

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

Amentum (NYSE:AMTM) last announced its earnings results on Monday, February 9th. The company reported $0.54 earnings per share (EPS) for the quarter, beating 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% on a year-over-year basis. Amentum has set its FY 2026 guidance at 2.250-2.450 EPS. On average, sell-side analysts expect that Amentum will post 2.1 earnings per share for the current fiscal year.

Institutional Trading of Amentum

Several hedge funds have recently bought and sold shares of the company. IFM Investors Pty Ltd acquired a new position in shares of Amentum in the 1st quarter worth $411,000. Truist Financial Corp increased its stake in shares of Amentum by 3.7% in the second quarter. Truist Financial Corp now owns 22,516 shares of the company’s stock worth $532,000 after purchasing an additional 794 shares during the period. US Bancorp DE increased its holdings in shares of Amentum by 10.9% during the 2nd quarter. US Bancorp DE now owns 26,122 shares of the company’s stock worth $617,000 after purchasing an additional 2,564 shares during the period. Blair William & Co. IL lifted its position in Amentum by 4.4% in the second quarter. Blair William & Co. IL now owns 56,568 shares of the company’s stock worth $1,336,000 after purchasing an additional 2,368 shares during the period. Finally, Vanguard Personalized Indexing Management LLC acquired a new stake in Amentum during the second quarter valued at approximately $352,000. 39.93% of the stock is currently owned by institutional investors.

Amentum Company Profile

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.