Amentum (NYSE:AMTM) Price Target Raised to $30.00

Amentum (NYSE:AMTM) had its price target upped by Royal Bank Of Canada from $26.00 to $30.00 in a research report report published on Wednesday, MarketBeat reports. Royal Bank Of Canada currently has a sector perform rating on the stock.

Several other brokerages also recently issued reports on AMTM. JMP Securities set a $35.00 price objective on Amentum in a research report on Wednesday. BTIG Research reaffirmed a “buy” rating and set a $30.00 target price on shares of Amentum in a research note on Monday, October 27th. Bank of America boosted their price target on Amentum from $26.00 to $27.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 13th. Raymond James Financial reissued an “outperform” rating and set a $30.00 price target on shares of Amentum in a report on Monday, August 18th. Finally, Cantor Fitzgerald upgraded shares of Amentum from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $25.00 to $35.00 in a research note on Thursday, September 25th. Seven research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, Amentum currently has a consensus rating of “Moderate Buy” and a consensus price target of $31.33.

Amentum Stock Down 2.1%

Amentum stock opened at $28.71 on Wednesday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.58 and a current ratio of 1.32. Amentum has a one year low of $16.01 and a one year high of $31.87. The company has a 50-day simple moving average of $23.65 and a 200-day simple moving average of $23.58. The firm has a market capitalization of $6.99 billion, a P/E ratio of 106.32, a P/E/G ratio of 0.97 and a beta of 0.23.

Amentum (NYSE:AMTM) last issued its quarterly earnings data on Monday, November 24th. The company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.04. Amentum had a net margin of 0.46% and a return on equity of 11.57%. The firm had revenue of $3.93 billion for the quarter, compared to the consensus estimate of $3.61 billion. The firm’s quarterly revenue was up 10.1% on a year-over-year basis. Amentum has set its FY 2026 guidance at EPS. As a group, equities analysts expect that Amentum will post 2.1 earnings per share for the current year.

Hedge Funds Weigh In On Amentum

Hedge funds have recently made changes to their positions in the business. Vermillion & White Wealth Management Group LLC bought a new stake in shares of Amentum in the 3rd quarter worth approximately $46,000. CIBC Private Wealth Group LLC grew its position in Amentum by 63.6% in the third quarter. CIBC Private Wealth Group LLC now owns 5,300 shares of the company’s stock worth $127,000 after buying an additional 2,061 shares during the last quarter. Advisory Services Network LLC acquired a new position in Amentum in the third quarter worth approximately $61,000. Dark Forest Capital Management LP bought a new position in shares of Amentum in the third quarter valued at $2,296,000. Finally, Verition Fund Management LLC lifted its position in shares of Amentum by 1,128.0% during the 3rd quarter. Verition Fund Management LLC now owns 1,135,626 shares of the company’s stock valued at $27,198,000 after acquiring an additional 1,043,145 shares during the last quarter. Institutional investors and hedge funds own 39.93% of the company’s stock.

Amentum Company Profile

Amentum Holdings, Inc provides engineering and technology solutions to address challenges in science, security, and sustainability. It serves various markets, such as energy and environment, space, intelligence, defense, civilian, commercial, and international markets. The company was incorporated in 2010 and is headquatered in Chantilly, Virginia.