Amentum (NYSE:AMTM) Now Covered by Analysts at Cantor Fitzgerald

Cantor Fitzgerald started coverage on shares of Amentum (NYSE:AMTM) in a research note published on Friday morning, Marketbeat.com reports. The brokerage issued a neutral rating and a $25.00 price objective on the stock.

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

Amentum Stock Performance

Shares of NYSE:AMTM opened at $22.13 on Friday. The stock’s fifty day moving average is $22.02. Amentum has a fifty-two week low of $18.38 and a fifty-two week high of $34.50. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.57 and a quick ratio of 1.57.

Amentum (NYSE:AMTM) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.45 by $0.06. Research analysts expect that Amentum will post 2.1 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Amentum

Several large investors have recently modified their holdings of AMTM. State Street Corp bought a new position in Amentum during the third quarter valued at $236,306,000. Primecap Management Co. CA bought a new position in Amentum during the 3rd quarter valued at about $169,999,000. Geode Capital Management LLC bought a new position in Amentum during the 3rd quarter valued at about $101,022,000. Ruane Cunniff & Goldfarb L.P. purchased a new stake in Amentum in the 3rd quarter worth about $81,608,000. Finally, Allspring Global Investments Holdings LLC bought a new stake in Amentum in the third quarter worth about $78,399,000. Institutional investors own 39.93% of the company’s stock.

Amentum Company Profile

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.