Amentum (NYSE:AMTM) Price Target Lowered to $30.00 at BTIG Research

Amentum (NYSE:AMTM) had its target price dropped by research analysts at BTIG Research from $35.00 to $30.00 in a research report issued to clients and investors on Wednesday, Marketbeat reports. The brokerage presently has a “buy” rating on the stock. BTIG Research’s price target would suggest a potential upside of 33.81% from the company’s previous close.

A number of other brokerages have also weighed in on AMTM. Bank of America decreased their price objective on shares of Amentum from $35.00 to $30.00 and set a “neutral” rating for the company in a report on Monday, July 20th. Truist Financial reaffirmed a “buy” rating and set a $35.00 target price (down from $42.00) on shares of Amentum in a research report on Tuesday, May 12th. Wall Street Zen downgraded shares of Amentum from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. BNP Paribas Exane assumed coverage on Amentum in a research note on Tuesday, May 26th. They issued an “underperform” rating and a $22.00 price objective on the stock. Finally, Weiss Ratings lowered shares of Amentum from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, June 23rd. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $31.08.

Amentum Stock Performance

AMTM stock opened at $22.42 on Wednesday. Amentum has a twelve month low of $19.80 and a twelve month high of $38.11. The firm has a market cap of $5.48 billion, a price-to-earnings ratio of 27.01, a PEG ratio of 0.71 and a beta of 0.30. The business’s fifty day simple moving average is $21.86 and its two-hundred day simple moving average is $26.00. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.83.

Amentum (NYSE:AMTM) last issued its earnings results on Monday, August 10th. The company reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.06. The firm had revenue of $3.49 billion during the quarter, compared to analyst estimates of $3.57 billion. Amentum had a net margin of 1.44% and a return on equity of 12.27%. The business’s revenue was down 2.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.56 earnings per share. Amentum has set its FY 2026 guidance at 2.400-2.500 EPS. Analysts predict that Amentum will post 2.36 earnings per share for the current year.

Institutional Investors Weigh In On Amentum

A number of institutional investors have recently added to or reduced their stakes in the stock. Allworth Financial LP bought a new position in Amentum in the second quarter worth about $203,000. BOK Financial Private Wealth Inc. purchased a new stake in shares of Amentum during the second quarter valued at about $109,000. Danske Bank A S bought a new stake in shares of Amentum in the 2nd quarter valued at about $176,000. First National Bank of Omaha bought a new stake in shares of Amentum in the 2nd quarter valued at about $9,721,000. Finally, BlackRock Inc. purchased a new position in shares of Amentum in the 2nd quarter worth approximately $370,137,000. Institutional investors own 39.93% of the company’s stock.

Amentum Company Profile

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.