Amentum (NYSE:AMTM) Coverage Initiated at Royal Bank of Canada

Royal Bank of Canada assumed coverage on shares of Amentum (NYSE:AMTM) in a research report issued on Friday,Briefing.com Automated Import reports. The brokerage set a “sector perform” rating and a $24.00 price target on the stock. Royal Bank of Canada’s price objective suggests a potential upside of 11.47% from the company’s current price.

Other research analysts also recently issued reports about the company. Raymond James assumed coverage on Amentum in a research note on Thursday, November 21st. They issued an “outperform” rating and a $30.00 target price on the stock. Truist Financial assumed coverage on shares of Amentum in a report on Monday, October 14th. They issued a “buy” rating and a $31.00 target price on the stock.

Amentum Trading Down 2.6 %

AMTM opened at $21.53 on Friday. The stock’s 50 day moving average price is $24.30. Amentum has a 52 week low of $18.38 and a 52 week high of $34.50.

Institutional Investors Weigh In On Amentum

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Wilmington Savings Fund Society FSB acquired a new position in Amentum during the third quarter worth $790,000. Wharton Business Group LLC purchased a new stake in shares of Amentum in the 3rd quarter worth about $2,106,000. Peak Asset Management LLC acquired a new stake in Amentum in the 3rd quarter valued at about $774,000. Tower Bridge Advisors purchased a new position in shares of Amentum during the 3rd quarter worth approximately $4,053,000. Finally, Oppenheimer Asset Management Inc. acquired a new stake in Amentum during the 3rd quarter valued at $1,062,000. Institutional investors and hedge funds own 39.93% of the company’s stock.

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.