Amentum (NYSE:AMTM) Price Target Cut to $31.00 by Analysts at JPMorgan Chase & Co.

Amentum (NYSE:AMTM) had its target price lowered by equities research analysts at JPMorgan Chase & Co. from $34.00 to $31.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 35.31% from the company’s previous close.

A number of other brokerages have also weighed in on AMTM. BTIG Research restated a “buy” rating and issued a $35.00 target price on shares of Amentum in a research note on Thursday, May 14th. Morgan Stanley initiated coverage on Amentum in a research note on Wednesday, May 13th. They issued an “equal weight” rating and a $30.00 target price on the stock. Royal Bank Of Canada decreased their target price on Amentum from $35.00 to $28.00 and set a “sector perform” rating on the stock in a research note on Wednesday, May 13th. BNP Paribas Exane initiated coverage on Amentum in a research note on Tuesday. They issued an “underperform” rating and a $22.00 target price on the stock. Finally, Citizens Jmp restated a “market outperform” rating and issued a $40.00 target price on shares of Amentum in a research note on Monday, April 13th. Six equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $32.00.

Amentum Price Performance

NYSE AMTM traded down $0.32 during trading on Tuesday, reaching $22.91. The company’s stock had a trading volume of 1,238,408 shares, compared to its average volume of 2,061,581. The stock has a market capitalization of $5.60 billion, a PE ratio of 38.18, a P/E/G ratio of 0.69 and a beta of 0.43. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.48 and a quick ratio of 1.48. The firm has a fifty day moving average of $25.86 and a 200 day moving average of $28.64. Amentum has a one year low of $19.11 and a one year high of $38.11.

Amentum (NYSE:AMTM) last announced its earnings results on Monday, May 11th. The company reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.02. The business had revenue of $3.48 billion for the quarter, compared to analyst estimates of $3.47 billion. Amentum had a return on equity of 11.74% and a net margin of 1.04%.The company’s quarterly revenue was down .4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.53 EPS. Amentum has set its FY 2026 guidance at 2.250-2.450 EPS. Analysts expect that Amentum will post 2.33 EPS for the current fiscal year.

Hedge Funds Weigh In On Amentum

Several institutional investors have recently modified their holdings of AMTM. IFM Investors Pty Ltd bought a new position in shares of Amentum during the 1st quarter valued at about $411,000. Cetera Investment Advisers bought a new position in Amentum during the 2nd quarter worth approximately $335,000. JPMorgan Chase & Co. grew its position in Amentum by 4.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 91,322 shares of the company’s stock worth $2,156,000 after acquiring an additional 3,608 shares during the last quarter. M&T Bank Corp bought a new position in Amentum during the 2nd quarter worth approximately $241,000. Finally, Gabelli Funds LLC bought a new position in Amentum during the 2nd quarter worth approximately $592,000. 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.