Amentum (NYSE:AMTM) Given New $26.00 Price Target at JPMorgan Chase & Co.

Amentum (NYSE:AMTM) had its price target decreased by equities researchers at JPMorgan Chase & Co. from $31.00 to $26.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 25.59% from the company’s previous close.

Several other equities analysts have also recently commented on the stock. Wall Street Zen raised shares of Amentum from a “hold” rating to a “buy” rating in a research report on Saturday. Weiss Ratings cut Amentum from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, June 23rd. Bank of America reduced their price objective on Amentum from $35.00 to $30.00 and set a “neutral” rating on the stock in a research note on Monday, July 20th. Morgan Stanley set a $24.00 target price on Amentum in a report on Tuesday, August 11th. Finally, Truist Financial reissued a “buy” rating and set a $35.00 target price (down from $42.00) on shares of Amentum in a research note on Tuesday, May 12th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $29.73.

Amentum Stock Down 3.6%

Shares of NYSE AMTM traded down $0.77 during midday trading on Monday, hitting $20.70. The company’s stock had a trading volume of 390,206 shares, compared to its average volume of 2,049,087. The business’s fifty day simple moving average is $21.79 and its two-hundred day simple moving average is $25.71. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.52 and a quick ratio of 1.52. Amentum has a 1 year low of $19.80 and a 1 year high of $38.11. The firm has a market capitalization of $5.06 billion, a price-to-earnings ratio of 25.00, a price-to-earnings-growth ratio of 0.63 and a beta of 0.30.

Amentum (NYSE:AMTM) last announced its quarterly earnings data on Monday, August 10th. The company reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.06. Amentum had a net margin of 1.44% and a return on equity of 12.19%. The firm had revenue of $3.49 billion during the quarter, compared to analysts’ expectations of $3.57 billion. During the same quarter in the previous year, the business posted $0.56 earnings per share. The business’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. On average, equities analysts predict that Amentum will post 2.36 EPS for the current year.

Institutional Investors Weigh In On Amentum

Large investors have recently modified their holdings of the company. Maryland State Retirement & Pension System boosted its holdings in shares of Amentum by 1.6% in the fourth quarter. Maryland State Retirement & Pension System now owns 29,913 shares of the company’s stock valued at $867,000 after acquiring an additional 462 shares during the period. EverSource Wealth Advisors LLC raised its stake in Amentum by 35.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,853 shares of the company’s stock valued at $54,000 after acquiring an additional 481 shares during the last quarter. Oregon Public Employees Retirement Fund raised its stake in Amentum by 1.7% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 35,100 shares of the company’s stock valued at $1,018,000 after acquiring an additional 600 shares during the last quarter. HighTower Advisors LLC lifted its position in Amentum by 4.6% during the 4th quarter. HighTower Advisors LLC now owns 14,640 shares of the company’s stock worth $425,000 after acquiring an additional 638 shares during the period. Finally, Salomon & Ludwin LLC raised its stake in shares of Amentum by 98.6% during the fourth quarter. Salomon & Ludwin LLC now owns 1,305 shares of the company’s stock worth $41,000 after purchasing an additional 648 shares during the last quarter. 39.93% of the stock is owned by hedge funds and other institutional investors.

About Amentum

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.