Bank of America Cuts Amentum (NYSE:AMTM) Price Target to $30.00

Amentum (NYSE:AMTM) had its price target trimmed by Bank of America from $35.00 to $30.00 in a research report report published on Monday morning,Benzinga reports. The brokerage currently has a neutral rating on the stock.

Other analysts also recently issued reports about the stock. BTIG Research reissued a “buy” rating and issued a $35.00 target price on shares of Amentum in a research report on Thursday, May 14th. Morgan Stanley assumed coverage on shares of Amentum in a report on Wednesday, May 13th. They set an “equal weight” rating and a $30.00 price target on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Amentum from $34.00 to $31.00 and set a “neutral” rating for the company in a research note on Tuesday, May 26th. BNP Paribas Exane initiated coverage on shares of Amentum in a report on Tuesday, May 26th. They issued an “underperform” rating and a $22.00 price objective for the company. Finally, Royal Bank Of Canada lowered their target price on shares of Amentum from $35.00 to $28.00 and set a “sector perform” rating on the stock in a research report on Wednesday, May 13th. Six research 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. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $32.00.

Amentum Stock Up 2.2%

AMTM opened at $21.43 on Monday. The company has a market capitalization of $5.24 billion, a PE ratio of 35.72, a price-to-earnings-growth ratio of 0.61 and a beta of 0.35. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.48 and a quick ratio of 1.48. Amentum has a fifty-two week low of $19.80 and a fifty-two week high of $38.11. The business has a 50-day moving average of $21.90 and a 200-day moving average of $27.01.

Amentum (NYSE:AMTM) last announced its quarterly earnings results on Monday, May 11th. The company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.58 by $0.02. Amentum had a return on equity of 11.74% and a net margin of 1.04%.The business had revenue of $3.48 billion during the quarter, compared to analysts’ expectations of $3.47 billion. During the same quarter in the previous year, the business posted $0.53 EPS. The firm’s quarterly revenue was down .4% compared to the same quarter last year. Amentum has set its FY 2026 guidance at 2.250-2.450 EPS. Equities research analysts forecast that Amentum will post 2.36 EPS for the current fiscal year.

Hedge Funds Weigh In On Amentum

A number of institutional investors have recently modified their holdings of AMTM. SG Americas Securities LLC raised its holdings in Amentum by 1,088.2% in the 4th quarter. SG Americas Securities LLC now owns 345,341 shares of the company’s stock worth $10,015,000 after acquiring an additional 316,277 shares during the period. M&T Bank Corp boosted its holdings in Amentum by 5,325.3% during the fourth quarter. M&T Bank Corp now owns 462,836 shares of the company’s stock valued at $13,422,000 after acquiring an additional 454,305 shares during the period. Delphi Management Inc. MA bought a new stake in Amentum during the fourth quarter valued at about $1,424,000. Exchange Traded Concepts LLC boosted its holdings in Amentum by 16.1% during the fourth quarter. Exchange Traded Concepts LLC now owns 310,521 shares of the company’s stock valued at $9,005,000 after acquiring an additional 43,027 shares during the period. Finally, Legacy Advisors LLC acquired a new stake in shares of Amentum in the fourth quarter valued at about $284,614,000. Institutional investors own 39.93% of the company’s stock.

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.