Royal Bank of Canada Begins Coverage on Amentum (NYSE:AMTM)

Investment analysts at Royal Bank of Canada started coverage on shares of Amentum (NYSE:AMTM) in a research report issued on Friday, MarketBeat Ratings reports. The brokerage set a “sector perform” rating and a $24.00 price target on the stock. Royal Bank of Canada’s target price would indicate a potential upside of 6.19% from the company’s previous close.

AMTM has been the topic of several other reports. Raymond James initiated coverage on shares of Amentum in a research report on Thursday, November 21st. They issued an “outperform” rating and a $30.00 price objective on the stock. Truist Financial started coverage on Amentum in a report on Monday, October 14th. They issued a “buy” rating and a $31.00 price target on the stock.

Amentum Stock Performance

Shares of AMTM opened at $22.60 on Friday. Amentum has a twelve month low of $18.38 and a twelve month high of $34.50. The firm has a 50 day moving average of $23.97.

Institutional Trading of Amentum

Institutional investors have recently made changes to their positions in the business. State Street Corp acquired a new stake in Amentum in the 3rd quarter valued at $236,306,000. Primecap Management Co. CA bought a new position in shares of Amentum in the 3rd quarter valued at about $169,999,000. Geode Capital Management LLC acquired a new stake in shares of Amentum in the third quarter valued at about $101,022,000. Ruane Cunniff & Goldfarb L.P. bought a new stake in Amentum during the third quarter worth about $81,608,000. Finally, Allspring Global Investments Holdings LLC acquired a new position in Amentum during the third quarter valued at approximately $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.