Amentum (NYSE:AMTM) Upgraded at Cantor Fitzgerald

Amentum (NYSE:AMTM) was upgraded by analysts at Cantor Fitzgerald to a “strong-buy” rating in a research note issued to investors on Thursday,Zacks.com reports.

A number of other equities research analysts have also issued reports on the stock. 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. Royal Bank of Canada reiterated a “sector perform” rating and issued a $24.00 target price on shares of Amentum in a report on Thursday. Finally, Raymond James started coverage on Amentum in a report on Thursday, November 21st. They set an “outperform” rating and a $30.00 price target on the stock.

Amentum Stock Performance

AMTM opened at $22.13 on Thursday. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 1.02. Amentum has a 52 week low of $18.38 and a 52 week high of $34.50. The stock’s fifty day moving average price is $22.02.

Amentum (NYSE:AMTM) last announced its earnings results on Tuesday, February 4th. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.06. On average, equities analysts forecast that Amentum will post 2.1 EPS for the current year.

Institutional Investors Weigh In On Amentum

Hedge funds and other institutional investors have recently made changes to their positions in the business. Dover Advisors LLC purchased a new stake in Amentum in the third quarter valued at $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 purchased a new position in Amentum during the 3rd quarter worth approximately $308,000. ZWJ Investment Counsel Inc. purchased a new position in Amentum during the 3rd quarter worth approximately $2,256,000. Finally, Compass Wealth Management LLC acquired a new position in Amentum during the third quarter worth approximately $804,000. Institutional investors and hedge funds 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.