Amentum (NYSE:AMTM) Given New $28.00 Price Target at Royal Bank Of Canada

Amentum (NYSE:AMTM) had its price target lowered by stock analysts at Royal Bank Of Canada from $35.00 to $28.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s target price would suggest a potential upside of 21.09% from the stock’s current price.

Other analysts have also recently issued reports about the company. Morgan Stanley started coverage on Amentum in a research report on Wednesday. They issued an “equal weight” rating and a $30.00 price objective for the company. Wall Street Zen cut Amentum from a “buy” rating to a “hold” rating in a research report on Saturday, March 28th. Citizens Jmp restated a “market outperform” rating and issued a $40.00 price objective on shares of Amentum in a research report on Monday, April 13th. BTIG Research restated a “buy” rating and issued a $35.00 price objective on shares of Amentum in a research report on Wednesday, February 11th. Finally, Weiss Ratings cut Amentum from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, May 6th. Six research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Amentum currently has a consensus rating of “Hold” and a consensus price target of $33.18.

Amentum Stock Performance

Amentum stock traded down $1.19 during midday trading on Wednesday, hitting $23.12. 1,140,547 shares of the company were exchanged, compared to its average volume of 2,038,755. The firm has a market capitalization of $5.64 billion, a PE ratio of 38.65, a price-to-earnings-growth ratio of 0.70 and a beta of 0.43. Amentum has a fifty-two week low of $19.11 and a fifty-two week high of $38.11. The business has a fifty day simple moving average of $27.08 and a two-hundred day simple moving average of $28.58. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.42 and a current ratio of 1.42.

Amentum (NYSE:AMTM) last posted its earnings results on Monday, May 11th. The company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.58 by $0.02. The firm had revenue of $3.48 billion for the quarter, compared to analyst estimates of $3.47 billion. Amentum had a return on equity of 11.79% and a net margin of 1.04%.Amentum’s revenue for the quarter was down .4% compared to the same quarter last year. During the same period last year, the company earned $0.53 earnings per share. Amentum has set its FY 2026 guidance at 2.250-2.450 EPS. On average, sell-side analysts forecast that Amentum will post 2.34 earnings per share for the current year.

Institutional Trading of Amentum

A number of institutional investors have recently made changes to their positions in AMTM. Los Angeles Capital Management LLC acquired a new stake in shares of Amentum in the fourth quarter worth approximately $26,000. NFSG Corp acquired a new position in Amentum during the first quarter worth $35,000. Financial Consulate Inc. acquired a new position in Amentum during the fourth quarter worth $38,000. Sound Income Strategies LLC boosted its stake in Amentum by 45.3% during the fourth quarter. Sound Income Strategies LLC now owns 1,363 shares of the company’s stock worth $40,000 after buying an additional 425 shares during the last quarter. Finally, Salomon & Ludwin LLC boosted its stake in Amentum by 98.6% during the fourth quarter. Salomon & Ludwin LLC now owns 1,305 shares of the company’s stock worth $41,000 after buying an additional 648 shares during the last quarter. 39.93% of the stock is owned by institutional investors and hedge funds.

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.