Amentum (NYSE:AMTM) Now Covered by Cantor Fitzgerald

Equities research analysts at Cantor Fitzgerald assumed coverage on shares of Amentum (NYSE:AMTM) in a research report issued to clients and investors on Friday,Briefing.com Automated Import reports. The firm set a “neutral” rating and a $25.00 price target on the stock. Cantor Fitzgerald’s price target would indicate a potential upside of 9.63% from the company’s current price.

AMTM has been the topic of several other reports. Truist Financial assumed 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. Royal Bank of Canada reissued a “sector perform” rating and issued a $24.00 price target on shares of Amentum in a report on Thursday. Finally, Raymond James assumed coverage on shares of Amentum in a report on Thursday, November 21st. They issued an “outperform” rating and a $30.00 price target on the stock.

Amentum Stock Up 0.5 %

Shares of AMTM stock opened at $22.80 on Friday. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 1.02. The firm has a 50-day moving average price of $22.04. Amentum has a 52-week low of $18.38 and a 52-week high of $34.50.

Amentum (NYSE:AMTM) last issued its earnings results on Tuesday, February 4th. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.06. Sell-side analysts forecast that Amentum will post 2.1 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Amentum

Several hedge funds and other institutional investors have recently bought and sold shares of AMTM. Arrow Financial Corp acquired a new position in Amentum in the third quarter valued at $26,000. US Bancorp DE acquired a new position in Amentum in the third quarter valued at $30,000. Anchor Investment Management LLC acquired a new position in Amentum in the third quarter valued at $32,000. Signaturefd LLC acquired a new position in Amentum in the third quarter valued at $33,000. Finally, Glen Eagle Advisors LLC acquired a new position in Amentum in the third quarter valued at $35,000. 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.