Raymond James Begins Coverage on Amentum (NYSE:AMTM)

Stock analysts at Raymond James started coverage on shares of Amentum (NYSE:AMTM) in a research report issued on Thursday,Briefing.com Automated Import reports. The brokerage set an “outperform” rating and a $30.00 price target on the stock. Raymond James’ target price would indicate a potential upside of 33.87% from the stock’s current price.

Separately, Truist Financial started coverage on Amentum in a report on Monday, October 14th. They set a “buy” rating and a $31.00 price objective on the stock.

Amentum Stock Up 2.1 %

Shares of Amentum stock opened at $22.41 on Thursday. Amentum has a one year low of $21.24 and a one year high of $34.50.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. State Street Corp purchased a new stake in shares of Amentum during the 3rd quarter worth approximately $236,306,000. Primecap Management Co. CA acquired a new stake in Amentum in the 3rd quarter valued at about $169,999,000. Geode Capital Management LLC purchased a new position in Amentum during the 3rd quarter valued at about $101,022,000. Ruane Cunniff & Goldfarb L.P. acquired a new position in Amentum during the third quarter worth about $81,608,000. Finally, Allspring Global Investments Holdings LLC purchased a new stake in shares of Amentum in the third quarter valued at about $78,399,000.

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.