Royal Bank Of Canada Cuts Amentum (NYSE:AMTM) Price Target to $26.00

Amentum (NYSE:AMTM) had its target price cut by Royal Bank Of Canada from $28.00 to $26.00 in a report released on Wednesday morning, MarketBeat reports. They currently have a sector perform rating on the stock.

AMTM has been the topic of a number of other reports. Truist Financial reaffirmed a “buy” rating and set a $35.00 price objective (down from $42.00) on shares of Amentum in a report on Tuesday, May 12th. JPMorgan Chase & Co. dropped their price target on shares of Amentum from $34.00 to $31.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 26th. UBS Group boosted their price target on shares of Amentum from $23.00 to $24.00 and gave the stock a “neutral” rating in a report on Wednesday. Wall Street Zen downgraded shares of Amentum from a “buy” rating to a “hold” rating in a research report on Saturday, July 4th. Finally, Bank of America reduced their price objective on shares of Amentum from $35.00 to $30.00 and set a “neutral” rating for the company in a research report on Monday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $30.18.

Amentum Stock Down 0.8%

AMTM stock opened at $21.49 on Wednesday. Amentum has a twelve month low of $19.80 and a twelve month high of $38.11. The company has a quick ratio of 1.48, a current ratio of 1.52 and a debt-to-equity ratio of 0.79. The stock’s 50 day moving average is $21.79 and its 200-day moving average is $25.78. The firm has a market capitalization of $5.25 billion, a PE ratio of 25.89, a P/E/G ratio of 0.63 and a beta of 0.30.

Amentum (NYSE:AMTM) last announced its earnings results on Monday, August 10th. The company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.06. Amentum had a return on equity of 12.19% and a net margin of 1.44%.The company had revenue of $3.49 billion for the quarter, compared to analysts’ expectations of $3.57 billion. During the same quarter in the previous year, the firm earned $0.56 earnings per share. Amentum’s quarterly revenue was down 2.0% on a year-over-year basis. Amentum has set its FY 2026 guidance at 2.400-2.500 EPS. Sell-side analysts expect that Amentum will post 2.36 EPS for the current fiscal year.

Institutional Investors Weigh In On Amentum

Hedge funds have recently made changes to their positions in the business. Maryland State Retirement & Pension System boosted its holdings in shares of Amentum by 1.6% in the 4th quarter. Maryland State Retirement & Pension System now owns 29,913 shares of the company’s stock worth $867,000 after buying an additional 462 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in Amentum by 35.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,853 shares of the company’s stock valued at $54,000 after buying an additional 481 shares during the period. BCS Private Wealth Management Inc. grew its position in Amentum by 5.0% during the fourth quarter. BCS Private Wealth Management Inc. now owns 11,999 shares of the company’s stock valued at $348,000 after buying an additional 575 shares during the period. Oregon Public Employees Retirement Fund increased its holdings in Amentum by 1.7% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 35,100 shares of the company’s stock worth $1,018,000 after buying an additional 600 shares during the last quarter. Finally, HighTower Advisors LLC increased its holdings in Amentum by 4.6% during the fourth quarter. HighTower Advisors LLC now owns 14,640 shares of the company’s stock worth $425,000 after buying an additional 638 shares during the last quarter. 39.93% of the stock is currently owned by institutional investors.

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.