Amentum (NYSE:AMTM) Stock Gets Price Target Reduction from Royal Bank Of Canada

Amentum (NYSE:AMTM) had its price target trimmed by Royal Bank Of Canada from $26.00 to $25.00 in a report published on Wednesday,Benzinga reports. The firm currently has a sector perform rating on the stock.

A number of other research analysts have also commented on the company. Bank of America lowered their price target on Amentum from $35.00 to $30.00 and set a “neutral” rating for the company in a research report on Monday, July 20th. Weiss Ratings lowered Amentum from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, October 14th. JPMorgan Chase & Co. reduced their target price on Amentum from $31.00 to $26.00 and set a “neutral” rating on the stock in a research note on Monday, August 17th. BTIG Research decreased their target price on Amentum from $35.00 to $30.00 and set a “buy” rating for the company in a report on Wednesday, August 12th. Finally, UBS Group upped their target price on Amentum from $23.00 to $24.00 and gave the company a “neutral” rating in a report on Wednesday, August 12th. Five investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $28.91.

Amentum Price Performance

Shares of Amentum stock opened at $21.82 on Wednesday. The firm has a market cap of $5.34 billion, a PE ratio of 26.29, a price-to-earnings-growth ratio of 0.60 and a beta of 0.31. Amentum has a 12-month low of $17.72 and a 12-month high of $38.11. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.79. The company’s fifty day simple moving average is $19.82 and its two-hundred day simple moving average is $24.57.

Amentum (NYSE:AMTM) last posted its earnings results on Monday, August 10th. The company reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.06. The company had revenue of $3.49 billion during the quarter, compared to analyst estimates of $3.57 billion. Amentum had a net margin of 1.44% and a return on equity of 12.19%. Amentum’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.56 earnings per share. Amentum has set its FY 2026 guidance at 2.400-2.500 EPS. As a group, equities analysts expect that Amentum will post 2.38 EPS for the current year.

Institutional Trading of Amentum

Several hedge funds and other institutional investors have recently made changes to their positions in AMTM. BlackRock Inc. bought a new position in shares of Amentum during the second quarter valued at $370,137,000. Primecap Management Co. CA purchased a new stake in shares of Amentum during the second quarter valued at $253,941,000. Troluce Capital Advisors LLC increased its holdings in Amentum by 256.5% in the 2nd quarter. Troluce Capital Advisors LLC now owns 3,565,399 shares of the company’s stock worth $73,697,000 after buying an additional 2,565,399 shares in the last quarter. Bank of America Corp DE bought a new stake in Amentum in the 2nd quarter worth about $42,227,000. Finally, Dimensional Fund Advisors LP raised its position in Amentum by 106.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,787,420 shares of the company’s stock worth $98,767,000 after buying an additional 1,954,494 shares during the last quarter. Hedge funds and other institutional investors own 39.93% of the company’s stock.

About Amentum

Amentum (NYSE: AMTM) is a government-focused engineering and technical services company that supports national security, defense, space, intelligence, energy and environmental missions. Its services include systems engineering, program management, operations and maintenance, logistics, cybersecurity, information technology, scientific research and testing, and mission support.

The company serves government customers in the United States and internationally, supporting complex programs and critical infrastructure across areas such as defense, nuclear security, aerospace, civil engineering and environmental remediation.