JPMorgan Chase & Co. Issues Positive Forecast for Amentum (NYSE:AMTM) Stock Price

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

Several other analysts also recently issued reports on the stock. The Goldman Sachs Group raised their price objective on shares of Amentum from $21.00 to $26.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 13th. UBS Group started coverage on Amentum in a report on Wednesday, November 19th. They set a “neutral” rating and a $25.00 price objective for the company. Citizens Jmp increased their target price on Amentum from $30.00 to $35.00 and gave the stock a “market outperform” rating in a research note on Wednesday. BTIG Research reiterated a “buy” rating and set a $30.00 target price on shares of Amentum in a research report on Monday, October 27th. Finally, Bank of America upped their price target on shares of Amentum from $26.00 to $27.00 and gave the stock a “neutral” rating in a report on Wednesday, August 13th. Seven analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Amentum presently has an average rating of “Hold” and a consensus target price of $31.33.

Amentum Stock Down 2.0%

NYSE AMTM opened at $29.39 on Wednesday. The company has a quick ratio of 1.58, a current ratio of 1.32 and a debt-to-equity ratio of 0.84. Amentum has a 52 week low of $16.01 and a 52 week high of $31.87. The firm has a market capitalization of $7.15 billion, a price-to-earnings ratio of 108.84, a PEG ratio of 0.99 and a beta of 0.23. The company has a fifty day moving average of $23.38 and a two-hundred day moving average of $23.48.

Amentum (NYSE:AMTM) last released its earnings results on Monday, November 24th. The company reported $0.63 earnings per share (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 analyst estimates of $3.61 billion. Amentum had a net margin of 0.46% and a return on equity of 11.57%. The company’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. On average, analysts predict that Amentum will post 2.1 earnings per share for the current year.

Institutional Trading of Amentum

Several institutional investors and hedge funds have recently made changes to their positions in AMTM. Nuveen LLC purchased a new stake in Amentum during the first quarter valued at approximately $5,238,000. State of Alaska Department of Revenue increased its position in shares of Amentum by 13.2% during the second quarter. State of Alaska Department of Revenue now owns 89,832 shares of the company’s stock worth $2,120,000 after purchasing an additional 10,487 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Amentum by 9.3% during the 2nd quarter. Geode Capital Management LLC now owns 2,513,161 shares of the company’s stock valued at $59,352,000 after purchasing an additional 213,164 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Amentum by 14.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 868,206 shares of the company’s stock worth $20,498,000 after purchasing an additional 107,697 shares in the last quarter. Finally, Rhumbline Advisers grew its stake in Amentum by 5.1% during the 1st quarter. Rhumbline Advisers now owns 310,103 shares of the company’s stock worth $5,644,000 after buying an additional 14,919 shares during the last quarter. 39.93% of the stock is currently owned by institutional investors.

About Amentum

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.