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

Key Points

• Royal Bank of Canada lowered Amentum’s price target to $25 from $26 while maintaining a “sector perform” rating, implying 15.21% upside from the prior close.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $28.91 based on five Buy, six Hold, and two Sell ratings.
• Amentum reported quarterly EPS of $0.67, beating estimates of $0.61, though revenue fell 2% year over year to $3.49 billion. The stock recently traded at $21.70, near the lower end of its 52-week range.

Amentum (NYSE:AMTM - Get Free Report) had its target price decreased by analysts at Royal Bank Of Canada from $26.00 to $25.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm currently has a "sector perform" rating on the stock. Royal Bank Of Canada's price target indicates a potential upside of 15.21% from the stock's previous close.

Other equities analysts also recently issued research reports about the company. UBS Group increased their price target on Amentum from $23.00 to $24.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 12th. Morgan Stanley set a $24.00 target price on Amentum in a research note on Tuesday, August 11th. The Goldman Sachs Group set a $24.00 target price on Amentum in a research report on Thursday, August 20th. Weiss Ratings cut shares of Amentum from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Wednesday, October 14th. Finally, Wall Street Zen raised shares of Amentum from a "hold" rating to a "buy" rating in a report on Sunday, September 20th. Five investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $28.91.

Amentum Stock Performance

Shares of AMTM traded down $0.05 during trading hours on Wednesday, hitting $21.70. The stock had a trading volume of 156,038 shares, compared to its average volume of 2,020,684. The firm has a 50-day moving average price of $19.76 and a 200 day moving average price of $24.75. Amentum has a fifty-two week low of $17.72 and a fifty-two week high of $38.11. The firm has a market capitalization of $5.31 billion, a price-to-earnings ratio of 26.10 and a beta of 0.31.

Amentum (NYSE:AMTM - Get Free Report) last released its quarterly earnings results on Monday, August 10th. The company reported $0.67 EPS for the quarter, beating the consensus estimate 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 posted $0.56 EPS. The firm's quarterly revenue was down 2.0% compared to the same quarter last year. Amentum has set its FY 2026 guidance at 2.400-2.500 EPS. As a group, analysts predict that Amentum will post 2.38 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in AMTM. Cahaba Wealth Management Inc. boosted its position in Amentum by 11.8% during the third quarter. Cahaba Wealth Management Inc. now owns 13,498 shares of the company's stock worth $245,000 after acquiring an additional 1,422 shares during the last quarter. Security National Bank of Sioux City Iowa IA raised its holdings in Amentum by 31.3% in the 2nd quarter. Security National Bank of Sioux City Iowa IA now owns 23,326 shares of the company's stock valued at $482,000 after acquiring an additional 5,565 shares during the last quarter. WINTON GROUP Ltd raised its holdings in Amentum by 5.2% in the 2nd quarter. WINTON GROUP Ltd now owns 58,393 shares of the company's stock valued at $1,207,000 after acquiring an additional 2,893 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new stake in Amentum in the 2nd quarter valued at about $50,000. Finally, Mraz Amerine & Associates Inc. lifted its stake in Amentum by 25.3% in the 2nd quarter. Mraz Amerine & Associates Inc. now owns 90,200 shares of the company's stock worth $1,864,000 after purchasing an additional 18,215 shares in the last quarter. 39.93% of the stock is owned by institutional investors and hedge funds.

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.

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