Amentum (NYSE:AMTM) Earns Sector Perform Rating from Analysts at Royal Bank of Canada

Stock analysts at Royal Bank of Canada assumed coverage on shares of Amentum (NYSE:AMTM - Get Free Report) in a research note issued on Friday, Marketbeat Ratings reports. The brokerage set a "sector perform" rating and a $24.00 price target on the stock. Royal Bank of Canada's price objective points to a potential upside of 6.19% from the stock's current price.

A number of other research analysts have also commented on AMTM. Raymond James began coverage on Amentum in a report on Thursday, November 21st. They set an "outperform" rating and a $30.00 price target for the company. Truist Financial began coverage on Amentum in a report on Monday, October 14th. They set a "buy" rating and a $31.00 price target for the company.

Amentum Stock Up 5.2 %

Amentum stock traded up $1.11 during trading hours on Friday, reaching $22.60. 2,800,008 shares of the company were exchanged, compared to its average volume of 2,683,874. The firm has a 50-day moving average price of $24.14. Amentum has a 12 month low of $18.38 and a 12 month high of $34.50.

Institutional Trading of Amentum

A number of large investors have recently bought and sold shares of AMTM. Wilmington Savings Fund Society FSB bought a new stake in shares of Amentum during the third quarter worth $790,000. Wharton Business Group LLC bought a new stake in shares of Amentum during the third quarter worth $2,106,000. Peak Asset Management LLC bought a new stake in shares of Amentum during the third quarter worth $774,000. Tower Bridge Advisors bought a new stake in shares of Amentum during the third quarter worth $4,053,000. Finally, Oppenheimer Asset Management Inc. bought a new stake in shares of Amentum during the third quarter worth $1,062,000. 39.93% of the stock is currently owned by 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.