Amentum (NYSE:AMTM) Price Target Raised to $34.00

Amentum (NYSE:AMTM) had its price objective boosted by JPMorgan Chase & Co. from $30.00 to $34.00 in a research note published on Wednesday morning,Benzinga reports. The brokerage currently has a neutral rating on the stock.

Several other research analysts have also recently issued reports on the stock. Citigroup restated an “outperform” rating on shares of Amentum in a report on Wednesday. BTIG Research restated a “buy” rating and issued a $30.00 price objective on shares of Amentum in a research note on Monday, October 27th. JMP Securities set a $35.00 price objective on Amentum in a report on Wednesday. Cantor Fitzgerald raised Amentum from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $25.00 to $35.00 in a report on Thursday, September 25th. Finally, Raymond James Financial reissued an “outperform” rating and issued a $30.00 target price on shares of Amentum in a research report on Monday, August 18th. Seven analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, Amentum presently has a consensus rating of “Moderate Buy” and an average target price of $31.33.

Amentum Price Performance

Shares of NYSE AMTM opened at $28.71 on Wednesday. The stock’s 50-day simple moving average is $23.65 and its 200-day simple moving average is $23.58. The firm has a market capitalization of $6.99 billion, a PE ratio of 106.32, a price-to-earnings-growth ratio of 0.97 and a beta of 0.23. Amentum has a fifty-two week low of $16.01 and a fifty-two week high of $31.87. 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 (NYSE:AMTM) last announced its quarterly earnings results on Monday, November 24th. The company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.04. Amentum had a return on equity of 11.57% and a net margin of 0.46%.The firm had revenue of $3.93 billion during the quarter, compared to the consensus estimate of $3.61 billion. Amentum’s revenue for the quarter was up 10.1% compared to the same quarter last year. Amentum has set its FY 2026 guidance at EPS. As a group, equities research analysts forecast that Amentum will post 2.1 EPS for the current fiscal year.

Hedge Funds Weigh In On Amentum

Several institutional investors have recently bought and sold shares of AMTM. Wesbanco Bank Inc. increased its position in Amentum by 1.7% during the 2nd quarter. Wesbanco Bank Inc. now owns 24,466 shares of the company’s stock worth $578,000 after purchasing an additional 416 shares during the period. Intact Investment Management Inc. increased its stake in shares of Amentum by 6.1% during the 2nd quarter. Intact Investment Management Inc. now owns 7,319 shares of the company’s stock worth $173,000 after purchasing an additional 419 shares in the last quarter. UMB Bank n.a. increased its position in Amentum by 11.6% during the second quarter. UMB Bank n.a. now owns 4,121 shares of the company’s stock worth $97,000 after buying an additional 430 shares in the last quarter. MAI Capital Management raised its stake in Amentum by 12.3% in the 2nd quarter. MAI Capital Management now owns 4,259 shares of the company’s stock valued at $101,000 after purchasing an additional 468 shares during the last quarter. Finally, Signaturefd LLC raised its position in shares of Amentum by 27.0% in the second quarter. Signaturefd LLC now owns 2,241 shares of the company’s stock valued at $53,000 after buying an additional 477 shares during the last quarter. 39.93% of the stock is owned by institutional investors and hedge funds.

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.