Amentum (NYSE:AMTM) Coverage Initiated by Analysts at Cantor Fitzgerald

Cantor Fitzgerald initiated coverage on shares of Amentum (NYSE:AMTM) in a research note issued to investors on Friday morning, MarketBeat Ratings reports. The brokerage issued a neutral rating and a $25.00 target price on the stock.

A number of other equities research analysts have also weighed in on the company. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $24.00 target price on shares of Amentum in a research report on Thursday. Truist Financial initiated coverage on Amentum in a report on Monday, October 14th. They issued a “buy” rating and a $31.00 price objective for the company. Finally, Raymond James began coverage on shares of Amentum in a report on Thursday, November 21st. They set an “outperform” rating and a $30.00 target price on the stock.

Amentum Stock Down 3.1 %

AMTM stock opened at $22.13 on Friday. Amentum has a 12 month low of $18.38 and a 12 month high of $34.50. The business has a 50-day moving average of $22.02. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 1.02.

Amentum (NYSE:AMTM) last issued its earnings results on Tuesday, February 4th. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.06. As a group, sell-side analysts predict that Amentum will post 2.1 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in AMTM. Arrow Financial Corp bought a new stake in Amentum during the third quarter valued at about $26,000. US Bancorp DE purchased a new stake in shares of Amentum during the third quarter valued at about $30,000. Anchor Investment Management LLC bought a new stake in shares of Amentum in the 3rd quarter valued at about $32,000. Signaturefd LLC purchased a new position in shares of Amentum in the 3rd quarter worth approximately $33,000. Finally, Glen Eagle Advisors LLC bought a new position in shares of Amentum during the 3rd quarter worth approximately $35,000. 39.93% of the stock is currently owned by hedge funds and other institutional investors.

Amentum Company Profile

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.