Amentum (NYSE:AMTM) Upgraded by Cantor Fitzgerald to Strong-Buy Rating

Cantor Fitzgerald upgraded shares of Amentum (NYSE:AMTM) to a strong-buy rating in a research report released on Thursday,Zacks.com reports.

A number of other equities analysts have also recently weighed in on AMTM. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $24.00 price target on shares of Amentum in a research note on Thursday. Raymond James initiated coverage on shares of Amentum in a research note on Thursday, November 21st. They issued an “outperform” rating and a $30.00 target price for the company. Finally, Truist Financial initiated coverage on shares of Amentum in a report on Monday, October 14th. They issued a “buy” rating and a $31.00 price target on the stock.

Amentum Trading Down 3.1 %

AMTM stock opened at $22.13 on Thursday. Amentum has a 12 month low of $18.38 and a 12 month high of $34.50. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 1.02. The firm has a fifty day simple moving average of $22.02.

Amentum (NYSE:AMTM) last announced its 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. Analysts forecast that Amentum will post 2.1 EPS for the current fiscal year.

Institutional Investors Weigh In On Amentum

A number of hedge funds have recently bought and sold shares of AMTM. Dover Advisors LLC acquired a new stake in shares of Amentum during the third quarter worth approximately $219,000. McKinley Carter Wealth Services Inc. acquired a new stake in shares of Amentum in the 3rd quarter valued at about $1,764,000. Heritage Family Offices LLP bought a new position in shares of Amentum during the third quarter worth about $308,000. ZWJ Investment Counsel Inc. acquired a new stake in Amentum during the third quarter valued at approximately $2,256,000. Finally, Compass Wealth Management LLC bought a new position in Amentum during the 3rd quarter worth approximately $804,000. 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.