Amentum (NYSE:AMTM) Raised to Strong-Buy at Cantor Fitzgerald

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

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

Amentum Price Performance

Shares of NYSE:AMTM opened at $22.13 on Thursday. 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 business has a 50 day moving average price of $22.02. Amentum has a 52-week low of $18.38 and a 52-week high of $34.50.

Amentum (NYSE:AMTM) last issued 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. On average, sell-side analysts forecast that Amentum will post 2.1 EPS for the current fiscal year.

Institutional Trading of Amentum

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

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.