Cantor Fitzgerald assumed coverage on shares of Amentum (NYSE:AMTM - Free Report) in a report issued on Friday morning, MarketBeat.com reports. The firm issued a neutral rating and a $25.00 target price on the stock.
A number of other equities research analysts have also recently commented on the stock. Royal Bank of Canada restated a "sector perform" rating and set a $24.00 target price on shares of Amentum in a research note on Thursday, February 6th. Raymond James started coverage on shares of Amentum in a report on Thursday, November 21st. They set an "outperform" rating and a $30.00 price objective for the company. Finally, Truist Financial initiated coverage on Amentum in a research report on Monday, October 14th. They issued a "buy" rating and a $31.00 target price on the stock.
Check Out Our Latest Report on AMTM
Amentum Stock Down 4.8 %
AMTM stock traded down $1.06 during trading on Friday, reaching $21.05. The stock had a trading volume of 1,290,917 shares, compared to its average volume of 2,308,707. The firm's 50 day moving average is $21.94. Amentum has a 52 week low of $18.38 and a 52 week high of $34.50. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.57 and a current ratio of 1.59.
Amentum (NYSE:AMTM - Get Free Report) last released 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. As a group, analysts forecast that Amentum will post 2.1 earnings per share for the current year.
Institutional Trading of Amentum
Hedge funds have recently made changes to their positions in the business. State Street Corp bought a new stake in Amentum in the third quarter worth about $236,306,000. Primecap Management Co. CA lifted its stake in shares of Amentum by 21.7% during the 4th quarter. Primecap Management Co. CA now owns 6,414,379 shares of the company's stock worth $134,894,000 after acquiring an additional 1,143,097 shares during the last quarter. Geode Capital Management LLC purchased a new position in Amentum during the 3rd quarter valued at $101,022,000. Ruane Cunniff & Goldfarb L.P. bought a new position in Amentum in the 3rd quarter valued at $81,608,000. Finally, Allspring Global Investments Holdings LLC purchased a new stake in Amentum in the third quarter worth $78,399,000. 39.93% of the stock is currently owned by hedge funds and other institutional investors.
Amentum Company Profile
(
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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.
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