Amentum's (AMTM) Sector Perform Rating Reaffirmed at Royal Bank of Canada

Amentum (NYSE:AMTM - Get Free Report)'s stock had its "sector perform" rating restated by research analysts at Royal Bank of Canada in a research note issued to investors on Thursday,Benzinga reports. They presently have a $24.00 price target on the stock. Royal Bank of Canada's price target points to a potential upside of 8.53% from the company's current price.

Several other research firms also recently commented on AMTM. Raymond James started coverage on Amentum in a research note on Thursday, November 21st. They issued an "outperform" rating and a $30.00 price objective on the stock. Truist Financial assumed coverage on Amentum in a research note on Monday, October 14th. They set a "buy" rating and a $31.00 price target for the company.

Amentum Stock Down 0.2 %

AMTM stock traded down $0.05 during midday trading on Thursday, hitting $22.11. The company's stock had a trading volume of 1,990,547 shares, compared to its average volume of 2,337,460. Amentum has a 1 year low of $18.38 and a 1 year high of $34.50. The company's 50-day moving average is $21.98. The company has a current ratio of 1.59, a quick ratio of 1.57 and a debt-to-equity ratio of 1.02.

Amentum (NYSE:AMTM - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.51 earnings per share for the quarter, topping analysts' consensus estimates of $0.45 by $0.06. Analysts expect that Amentum will post 2.1 EPS for the current year.

Institutional Trading of Amentum

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Wilmington Savings Fund Society FSB bought a new stake in shares of Amentum during the third quarter valued at about $790,000. Wharton Business Group LLC bought a new position in Amentum in the 3rd quarter valued at $2,106,000. JPMorgan Chase & Co. purchased a new position in shares of Amentum during the 3rd quarter valued at $8,739,000. Peak Asset Management LLC bought a new position in shares of Amentum in the third quarter worth $774,000. Finally, Foundations Investment Advisors LLC purchased a new stake in shares of Amentum in the fourth quarter worth $409,000. 39.93% of the stock is currently 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.