Amentum (NYSE:AMTM) Given “Sector Perform” Rating at Royal Bank of Canada

Royal Bank of Canada reaffirmed their sector perform rating on shares of Amentum (NYSE:AMTM) in a research note released on Thursday morning,Benzinga reports. The brokerage currently has a $24.00 price objective on the stock.

Several other research analysts have also commented on the company. Truist Financial started coverage on Amentum in a research report on Monday, October 14th. They issued a “buy” rating and a $31.00 price target for the company. Raymond James started coverage on shares of Amentum in a report on Thursday, November 21st. They issued an “outperform” rating and a $30.00 target price for the company.

Amentum Stock Performance

AMTM stock opened at $22.80 on Thursday. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 1.02. Amentum has a 1-year low of $18.38 and a 1-year high of $34.50. The company has a 50-day moving average price of $22.04.

Amentum (NYSE:AMTM) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.06. On average, equities analysts anticipate that Amentum will post 2.1 EPS for the current year.

Hedge Funds Weigh In On Amentum

Several hedge funds have recently modified their holdings of the stock. State Street Corp acquired a new position in Amentum during the 3rd quarter valued at approximately $236,306,000. Primecap Management Co. CA purchased a new position in Amentum in the 3rd quarter worth $169,999,000. Geode Capital Management LLC acquired a new stake in Amentum during the 3rd quarter worth about $101,022,000. Ruane Cunniff & Goldfarb L.P. purchased a new stake in Amentum during the 3rd quarter valued at about $81,608,000. Finally, Allspring Global Investments Holdings LLC acquired a new position in shares of Amentum in the third quarter valued at about $78,399,000. Institutional investors and hedge funds own 39.93% of the company’s stock.

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.