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

Amentum (NYSE:AMTM)‘s stock had its “sector perform” rating restated by research analysts at Royal Bank of Canada in a research report issued to clients and investors on Thursday,Benzinga reports. They presently have a $24.00 price target on the stock. Royal Bank of Canada’s target price would suggest a potential upside of 3.00% from the company’s current price.

A number of other equities research analysts have also recently issued reports on AMTM. Truist Financial began coverage on shares of Amentum in a report on Monday, October 14th. They set a “buy” rating and a $31.00 target price on the stock. Raymond James assumed coverage on Amentum in a report on Thursday, November 21st. They set an “outperform” rating and a $30.00 price objective on the stock.

Amentum Trading Up 2.7 %

AMTM traded up $0.62 during trading hours on Thursday, hitting $23.30. The stock had a trading volume of 1,178,344 shares, compared to its average volume of 2,317,523. Amentum has a 1 year low of $18.38 and a 1 year high of $34.50. The firm’s fifty day simple moving average is $22.04. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.57 and a current ratio of 1.57.

Amentum (NYSE:AMTM) last posted 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. As a group, research analysts forecast that Amentum will post 2.1 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Arrow Financial Corp purchased a new stake in shares of Amentum in the third quarter worth $26,000. US Bancorp DE bought a new position in Amentum in the 3rd quarter worth about $30,000. Anchor Investment Management LLC purchased a new stake in shares of Amentum in the 3rd quarter valued at about $32,000. Signaturefd LLC bought a new stake in shares of Amentum during the 3rd quarter valued at about $33,000. Finally, Glen Eagle Advisors LLC bought a new stake in shares of Amentum during the 3rd quarter valued at about $35,000. 39.93% of the stock is 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.