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

Amentum (NYSE:AMTM) had its price target hoisted by equities research analysts at JPMorgan Chase & Co. from $30.00 to $34.00 in a report issued on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 15.08% from the stock’s current price.

Several other research firms have also weighed in on AMTM. Citizens Jmp increased their price objective on shares of Amentum from $30.00 to $35.00 and gave the stock a “market outperform” rating in a research note on Wednesday. JMP Securities set a $35.00 target price on Amentum in a report on Wednesday. The Goldman Sachs Group increased their price target on Amentum from $21.00 to $26.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 13th. Truist Financial set a $34.00 price target on Amentum in a report on Wednesday. Finally, Bank of America upped 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 analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $31.33.

Amentum Stock Performance

AMTM traded down $0.46 during trading hours on Wednesday, hitting $29.55. 1,045,197 shares of the stock were exchanged, compared to its average volume of 2,124,854. The stock has a market cap of $7.19 billion, a price-to-earnings ratio of 109.43, a price-to-earnings-growth ratio of 0.84 and a beta of 0.23. The stock has a 50-day simple moving average of $23.24 and a 200-day simple moving average of $23.44. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.58 and a quick ratio of 1.58. Amentum has a 12 month low of $16.01 and a 12 month high of $31.87.

Amentum (NYSE:AMTM) last released its earnings results on Monday, November 24th. The company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.04. Amentum had a net margin of 0.46% and a return on equity of 11.60%. The firm had revenue of $3.93 billion during the quarter, compared to analyst estimates of $3.61 billion. The business’s revenue was up 10.1% on a year-over-year basis. Amentum has set its FY 2026 guidance at EPS. Analysts anticipate that Amentum will post 2.1 earnings per share for the current year.

Hedge Funds Weigh In On Amentum

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Atlantic Union Bankshares Corp acquired a new stake in Amentum in the 2nd quarter valued at approximately $25,000. Blue Trust Inc. grew its stake in shares of Amentum by 116.5% in the third quarter. Blue Trust Inc. now owns 1,204 shares of the company’s stock worth $29,000 after purchasing an additional 648 shares in the last quarter. Quarry LP acquired a new position in shares of Amentum during the first quarter valued at $30,000. Mather Group LLC. acquired a new position in shares of Amentum during the third quarter valued at $32,000. Finally, Caitong International Asset Management Co. Ltd raised its stake in shares of Amentum by 1,517.0% during the second quarter. Caitong International Asset Management Co. Ltd now owns 1,520 shares of the company’s stock valued at $36,000 after purchasing an additional 1,426 shares in the last quarter. 39.93% of the stock is 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.