Bank of America Has Lowered Expectations for Amentum (NYSE:AMTM) Stock Price

Amentum (NYSE:AMTM) had its price target lowered by equities researchers at Bank of America from $35.00 to $30.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has a “neutral” rating on the stock. Bank of America‘s price objective would indicate a potential upside of 43.11% from the stock’s previous close.

A number of other analysts have also recently weighed in on AMTM. BNP Paribas Exane assumed coverage on shares of Amentum in a research note on Tuesday, May 26th. They set an “underperform” rating and a $22.00 price target for the company. Weiss Ratings lowered shares of Amentum from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, June 23rd. JPMorgan Chase & Co. reduced their target price on shares of Amentum from $34.00 to $31.00 and set a “neutral” rating for the company in a report on Tuesday, May 26th. Truist Financial reiterated a “buy” rating and set a $35.00 target price (down from $42.00) on shares of Amentum in a research note on Tuesday, May 12th. Finally, BTIG Research reissued a “buy” rating and set a $35.00 price target on shares of Amentum in a report on Thursday, May 14th. Six investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Amentum currently has a consensus rating of “Hold” and a consensus target price of $32.00.

Amentum Price Performance

Shares of NYSE AMTM opened at $20.96 on Monday. The stock has a market cap of $5.12 billion, a P/E ratio of 34.94, a P/E/G ratio of 0.62 and a beta of 0.35. Amentum has a twelve month low of $19.80 and a twelve month high of $38.11. The stock has a 50 day moving average of $21.94 and a two-hundred day moving average of $27.07. 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 (NYSE:AMTM) last announced its earnings results on Monday, May 11th. The company reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.02. The business had revenue of $3.48 billion for the quarter, compared to analyst estimates of $3.47 billion. Amentum had a net margin of 1.04% and a return on equity of 11.74%. The company’s revenue for the quarter was down .4% compared to the same quarter last year. During the same period last year, the firm posted $0.53 earnings per share. Amentum has set its FY 2026 guidance at 2.250-2.450 EPS. On average, research analysts forecast that Amentum will post 2.36 earnings per share for the current year.

Hedge Funds Weigh In On Amentum

Hedge funds and other institutional investors have recently bought and sold shares of the company. Wedge Capital Management L L P NC increased its stake in Amentum by 14.1% in the 2nd quarter. Wedge Capital Management L L P NC now owns 187,832 shares of the company’s stock valued at $3,882,000 after buying an additional 23,166 shares during the period. Hudson Value Partners LLC raised its position in Amentum by 22.7% during the 2nd quarter. Hudson Value Partners LLC now owns 250,185 shares of the company’s stock worth $5,171,000 after buying an additional 46,275 shares during the last quarter. Empowered Funds LLC acquired a new stake in shares of Amentum in the 1st quarter worth $206,000. Pine Valley Investments Ltd Liability Co lifted its stake in shares of Amentum by 4.5% in the 1st quarter. Pine Valley Investments Ltd Liability Co now owns 79,275 shares of the company’s stock worth $2,067,000 after acquiring an additional 3,381 shares during the period. Finally, Alpine Woods Capital Investors LLC purchased a new stake in shares of Amentum in the first quarter valued at about $219,000. 39.93% of the stock is currently 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.