JPMorgan Chase & Co. Cuts Amentum (NYSE:AMTM) Price Target to $26.00

Amentum (NYSE:AMTM) had its price target cut by JPMorgan Chase & Co. from $31.00 to $26.00 in a research note issued to investors on Monday morning,Benzinga reports. They currently have a neutral rating on the stock.

A number of other research analysts have also recently issued reports on the stock. Bank of America dropped their target price on shares of Amentum from $35.00 to $30.00 and set a “neutral” rating for the company in a report on Monday, July 20th. Truist Financial reaffirmed a “buy” rating and issued a $35.00 price objective (down from $42.00) on shares of Amentum in a research note on Tuesday, May 12th. BTIG Research decreased their target price on Amentum from $35.00 to $30.00 and set a “buy” rating on the stock in a research report on Wednesday, August 12th. UBS Group upped their target price on Amentum from $23.00 to $24.00 and gave the company a “neutral” rating in a report on Wednesday, August 12th. Finally, Wall Street Zen upgraded Amentum from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Amentum currently has a consensus rating of “Hold” and an average target price of $29.70.

Amentum Stock Performance

Shares of AMTM opened at $21.06 on Monday. The company has a 50-day simple moving average of $21.69 and a 200-day simple moving average of $25.39. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.79. The company has a market capitalization of $5.15 billion, a PE ratio of 25.37, a P/E/G ratio of 0.61 and a beta of 0.30. Amentum has a 52-week low of $19.80 and a 52-week high of $38.11.

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

Institutional Investors Weigh In On Amentum

A number of institutional investors and hedge funds have recently bought and sold shares of AMTM. IFM Investors Pty Ltd acquired a new stake in shares of Amentum during the 1st quarter worth about $411,000. Cetera Investment Advisers acquired a new stake in Amentum during the second quarter worth approximately $335,000. JPMorgan Chase & Co. boosted its position in Amentum by 4.1% during the second 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 purchased a new stake in Amentum in the 2nd quarter worth approximately $241,000. Finally, Gabelli Funds LLC purchased a new stake in Amentum in the 2nd quarter worth approximately $592,000. Hedge funds and other 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.