Amentum (NYSE:AMTM) Given New $25.00 Price Target at Royal Bank Of Canada

Amentum (NYSE:AMTM) had its target price dropped by investment analysts at Royal Bank Of Canada from $26.00 to $25.00 in a report issued on Wednesday, Benzinga reports. The firm presently has a “sector perform” rating on the stock. Royal Bank Of Canada‘s price objective suggests a potential upside of 15.21% from the stock’s previous close.

A number of other equities analysts have also recently weighed in on the company. Zacks Research cut Amentum from a “hold” rating to a “strong sell” rating in a report on Thursday, October 1st. JPMorgan Chase & Co. decreased their price objective on shares of Amentum from $31.00 to $26.00 and set a “neutral” rating on the stock in a report on Monday, August 17th. UBS Group increased their price objective on shares of Amentum from $23.00 to $24.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 12th. Weiss Ratings downgraded shares of Amentum from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, October 14th. Finally, BNP Paribas Exane raised Amentum from an “underperform” rating to a “neutral” rating and cut their target price for the company from $21.00 to $20.00 in a research report on Tuesday, October 6th. Five equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $28.91.

Amentum Stock Performance

Shares of AMTM stock traded down $0.05 on Wednesday, hitting $21.70. 156,038 shares of the stock traded hands, compared to its average volume of 2,020,684. The stock has a market capitalization of $5.31 billion, a PE ratio of 26.10 and a beta of 0.31. The firm’s 50-day moving average price is $19.76 and its two-hundred day moving average price is $24.75. Amentum has a twelve month low of $17.72 and a twelve month high of $38.11.

Amentum (NYSE:AMTM) last announced its quarterly earnings results on Monday, August 10th. The company reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.06. The firm had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.57 billion. During the same quarter in the prior year, the business earned $0.56 EPS. The firm’s quarterly revenue was down 2.0% on a year-over-year basis. Amentum has set its FY 2026 guidance at 2.400-2.500 EPS. On average, equities research analysts anticipate that Amentum will post 2.38 EPS for the current fiscal year.

Institutional Investors Weigh In On Amentum

A number of large investors have recently modified their holdings of the company. BlackRock Inc. acquired a new position in Amentum in the 2nd quarter valued at about $370,137,000. Bank of America Corp DE lifted its position in Amentum by 107.8% during the 1st quarter. Bank of America Corp DE now owns 2,405,041 shares of the company’s stock worth $62,723,000 after acquiring an additional 1,247,614 shares during the period. Bank of New York Mellon Corp purchased a new position in shares of Amentum in the 2nd quarter valued at approximately $18,150,000. Bryn Mawr Trust Advisors LLC purchased a new position in shares of Amentum in the 2nd quarter valued at approximately $2,924,000. Finally, Troluce Capital Advisors LLC acquired a new position in shares of Amentum in the first quarter valued at approximately $26,080,000. 39.93% of the stock is owned by hedge funds and other institutional investors.

About Amentum

Amentum (NYSE: AMTM) is a government-focused engineering and technical services company that supports national security, defense, space, intelligence, energy and environmental missions. Its services include systems engineering, program management, operations and maintenance, logistics, cybersecurity, information technology, scientific research and testing, and mission support.

The company serves government customers in the United States and internationally, supporting complex programs and critical infrastructure across areas such as defense, nuclear security, aerospace, civil engineering and environmental remediation.