Bank of America Lowers Amentum (NYSE:AMTM) Price Target to $30.00

Amentum (NYSE:AMTM) had its target price cut by investment analysts at Bank of America from $35.00 to $30.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Bank of America‘s price target indicates a potential upside of 39.32% from the company’s previous close.

AMTM has been the subject of several other reports. Royal Bank Of Canada decreased their target price on shares of Amentum from $35.00 to $28.00 and set a “sector perform” rating for the company in a report on Wednesday, May 13th. JPMorgan Chase & Co. reduced their price target on shares of Amentum from $34.00 to $31.00 and set a “neutral” rating for the company in a research report on Tuesday, May 26th. 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. BNP Paribas Exane started coverage on shares of Amentum in a research report on Tuesday, May 26th. They set an “underperform” rating and a $22.00 price objective on the stock. Finally, BTIG Research reiterated a “buy” rating and set a $35.00 price objective on shares of Amentum in a research report on Thursday, May 14th. Six research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $32.00.

Amentum Price Performance

Shares of NYSE AMTM traded up $0.85 during mid-day trading on Monday, reaching $21.53. The company had a trading volume of 1,135,310 shares, compared to its average volume of 2,034,803. The company has a 50-day moving average price of $22.06 and a two-hundred day moving average price of $27.18. The stock has a market cap of $5.26 billion, a PE ratio of 35.88, a P/E/G ratio of 0.60 and a beta of 0.35. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.83. Amentum has a 1-year low of $19.80 and a 1-year high of $38.11.

Amentum (NYSE:AMTM) last announced its earnings results on Monday, May 11th. The company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.58 by $0.02. The business had revenue of $3.48 billion during the quarter, compared to the consensus estimate of $3.47 billion. Amentum had a return on equity of 11.74% and a net margin of 1.04%.Amentum’s revenue was down .4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.53 earnings per share. Amentum has set its FY 2026 guidance at 2.250-2.450 EPS. On average, equities analysts anticipate that Amentum will post 2.36 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Sound Income Strategies LLC raised its position in shares of Amentum by 45.3% during the fourth quarter. Sound Income Strategies LLC now owns 1,363 shares of the company’s stock valued at $40,000 after buying an additional 425 shares during the last quarter. Maryland State Retirement & Pension System grew its position in Amentum by 1.6% during the fourth 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 in the last quarter. EverSource Wealth Advisors LLC increased its stake 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 acquiring an additional 481 shares during the period. BCS Private Wealth Management Inc. increased its stake 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 acquiring an additional 575 shares during the period. Finally, Oregon Public Employees Retirement Fund raised its holdings in Amentum by 1.7% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 35,100 shares of the company’s stock valued at $1,018,000 after acquiring an additional 600 shares in the last quarter. 39.93% of the stock is owned by hedge funds and other 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.