Amentum (NYSE:AMTM) Price Target Raised to $35.00

Amentum (NYSE:AMTM) had its price target lifted by Citizens Jmp from $30.00 to $35.00 in a research report released on Wednesday morning,Benzinga reports. Citizens Jmp currently has a market outperform rating on the stock.

Other analysts have also issued reports about the stock. Raymond James Financial reiterated an “outperform” rating and set a $30.00 target price on shares of Amentum in a research report on Monday, August 18th. The Goldman Sachs Group upped their price objective on Amentum from $21.00 to $26.00 and gave the company a “neutral” rating in a research note on Wednesday, August 13th. Citigroup reissued an “outperform” rating on shares of Amentum in a report on Wednesday. JPMorgan Chase & Co. began coverage on Amentum in a research report on Thursday, October 9th. They issued a “neutral” rating and a $30.00 price target on the stock. Finally, Bank of America increased their price objective on Amentum from $26.00 to $27.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 13th. Seven research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $31.33.

Amentum Stock Performance

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 company has a current ratio of 1.32, a quick ratio of 1.58 and a debt-to-equity ratio of 0.84. The stock has a market cap of $6.99 billion, a PE ratio of 106.32, a P/E/G ratio of 0.97 and a beta of 0.23. Amentum has a 1 year low of $16.01 and a 1 year high of $31.87.

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

Institutional Trading of Amentum

Several large investors have recently made changes to their positions in the business. Wesbanco Bank Inc. increased its stake in shares of Amentum by 1.7% in the second quarter. Wesbanco Bank Inc. now owns 24,466 shares of the company’s stock valued at $578,000 after buying an additional 416 shares in the last quarter. Intact Investment Management Inc. grew its holdings in 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 acquiring an additional 419 shares during the last quarter. UMB Bank n.a. increased its position in Amentum by 11.6% in the 2nd quarter. UMB Bank n.a. now owns 4,121 shares of the company’s stock valued at $97,000 after acquiring an additional 430 shares in the last quarter. MAI Capital Management increased its position 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 acquiring an additional 468 shares in the last quarter. Finally, Signaturefd LLC raised its stake in shares of Amentum by 27.0% in the second quarter. Signaturefd LLC now owns 2,241 shares of the company’s stock worth $53,000 after acquiring an additional 477 shares during the last quarter. Institutional investors 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.