Royal Bank Of Canada Cuts Amentum (NYSE:AMTM) Price Target to $28.00

Amentum (NYSE:AMTM) had its price target reduced by Royal Bank Of Canada from $35.00 to $28.00 in a research report sent to investors on Wednesday, MarketBeat.com reports. They currently have a sector perform rating on the stock.

A number of other research firms also recently issued reports on AMTM. Weiss Ratings downgraded shares of Amentum from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, May 6th. Citizens Jmp reaffirmed a “market outperform” rating and set a $40.00 target price on shares of Amentum in a research note on Monday, April 13th. Truist Financial reaffirmed a “buy” rating and set a $35.00 target price (down from $42.00) on shares of Amentum in a research note on Tuesday. BTIG Research reaffirmed a “buy” rating and set a $35.00 target price on shares of Amentum in a research note on Wednesday, February 11th. Finally, Wall Street Zen downgraded shares of Amentum from a “buy” rating to a “hold” rating in a research note on Saturday, March 28th. Six analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $33.18.

Amentum Price Performance

Amentum stock opened at $23.01 on Wednesday. The company’s 50 day simple moving average is $26.62 and its 200-day simple moving average is $28.55. The company has a market capitalization of $5.62 billion, a price-to-earnings ratio of 38.35, a price-to-earnings-growth ratio of 0.68 and a beta of 0.43. Amentum has a 1 year low of $19.11 and a 1 year high of $38.11. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.42 and a current ratio of 1.48.

Amentum (NYSE:AMTM) last released its quarterly earnings results on Monday, May 11th. The company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.02. The business had revenue of $3.48 billion for the quarter, compared to the consensus estimate of $3.47 billion. Amentum had a net margin of 1.04% and a return on equity of 11.74%. The business’s revenue was down .4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.53 EPS. Amentum has set its FY 2026 guidance at 2.250-2.450 EPS. As a group, equities research analysts expect that Amentum will post 2.35 earnings per share for the current year.

Hedge Funds Weigh In On Amentum

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Invesco Ltd. boosted its holdings in Amentum by 13.0% in the third quarter. Invesco Ltd. now owns 22,116,835 shares of the company’s stock valued at $529,698,000 after purchasing an additional 2,539,594 shares in the last quarter. Primecap Management Co. CA grew its position in shares of Amentum by 1.7% in the 4th quarter. Primecap Management Co. CA now owns 12,126,927 shares of the company’s stock valued at $351,681,000 after buying an additional 208,341 shares during the last quarter. Legacy Advisors LLC purchased a new position in shares of Amentum in the 4th quarter valued at $284,614,000. State Street Corp grew its position in shares of Amentum by 7.6% in the 2nd quarter. State Street Corp now owns 7,078,249 shares of the company’s stock valued at $167,117,000 after buying an additional 501,898 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Amentum by 106.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,787,420 shares of the company’s stock valued at $98,767,000 after buying an additional 1,954,494 shares during the last quarter. 39.93% of the stock is owned by institutional investors and hedge funds.

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.