Citizens Jmp Issues Positive Forecast for Amentum (NYSE:AMTM) Stock Price

Amentum (NYSE:AMTM) had its price target increased by Citizens Jmp from $30.00 to $35.00 in a report released on Wednesday,Benzinga reports. They currently have a market outperform rating on the stock.

A number of other research firms also recently issued reports on AMTM. Weiss Ratings reiterated a “sell (d+)” rating on shares of Amentum in a research report on Wednesday, October 8th. Citigroup reiterated an “outperform” rating on shares of Amentum in a report on Wednesday. BTIG Research reissued a “buy” rating and set a $30.00 price objective on shares of Amentum in a research report on Monday, October 27th. JPMorgan Chase & Co. began coverage on Amentum in a research report on Thursday, October 9th. They issued a “neutral” rating and a $30.00 target price for the company. Finally, Cantor Fitzgerald raised Amentum from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $25.00 to $35.00 in a research note on Thursday, September 25th. Seven equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $31.33.

Amentum Stock Down 2.0%

Shares of Amentum stock opened at $29.39 on Wednesday. The stock’s 50-day moving average is $23.38 and its 200 day moving average is $23.48. Amentum has a one year low of $16.01 and a one year high of $31.87. The firm has a market cap of $7.15 billion, a price-to-earnings ratio of 108.84, a PEG ratio of 0.99 and a beta of 0.23. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.32 and a quick ratio of 1.58.

Amentum (NYSE:AMTM) last issued its quarterly earnings results on Monday, November 24th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.04. The firm had revenue of $3.93 billion for the quarter, compared to analyst estimates of $3.61 billion. Amentum had a return on equity of 11.57% and a net margin of 0.46%.Amentum’s revenue for the quarter was up 10.1% on a year-over-year basis. Amentum has set its FY 2026 guidance at EPS. Equities research analysts anticipate that Amentum will post 2.1 EPS for the current year.

Institutional Investors Weigh In On Amentum

A number of institutional investors and hedge funds have recently made changes to their positions in AMTM. Atlantic Union Bankshares Corp acquired a new position in Amentum during the 2nd quarter valued at about $25,000. Blue Trust Inc. raised its stake in shares of Amentum by 116.5% in the third quarter. Blue Trust Inc. now owns 1,204 shares of the company’s stock worth $29,000 after purchasing an additional 648 shares during the last quarter. Quarry LP bought a new position in shares of Amentum in the first quarter valued at approximately $30,000. Mather Group LLC. purchased a new position in shares of Amentum during the third quarter valued at approximately $32,000. Finally, Caitong International Asset Management Co. Ltd grew its holdings in Amentum by 1,517.0% during the second quarter. Caitong International Asset Management Co. Ltd now owns 1,520 shares of the company’s stock worth $36,000 after buying an additional 1,426 shares in the last quarter. Institutional investors and hedge funds own 39.93% of the company’s stock.

About Amentum

Amentum Holdings, Inc provides engineering and technology solutions to address challenges in science, security, and sustainability. It serves various markets, such as energy and environment, space, intelligence, defense, civilian, commercial, and international markets. The company was incorporated in 2010 and is headquatered in Chantilly, Virginia.