Raymond James Initiates Coverage on Amentum (NYSE:AMTM)

Research analysts at Raymond James initiated coverage on shares of Amentum (NYSE:AMTM) in a research note issued to investors on Thursday,Briefing.com Automated Import reports. The brokerage set an “outperform” rating and a $30.00 price target on the stock. Raymond James’ target price would suggest a potential upside of 33.87% from the company’s current price.

Separately, Truist Financial initiated coverage on shares of Amentum in a report on Monday, October 14th. They issued a “buy” rating and a $31.00 target price on the stock.

Amentum Stock Performance

Shares of NYSE AMTM opened at $22.41 on Thursday. Amentum has a 12-month low of $21.24 and a 12-month high of $34.50.

Institutional Trading of Amentum

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Arrow Financial Corp purchased a new position in shares of Amentum in the 3rd quarter valued at $26,000. US Bancorp DE acquired a new position in Amentum in the third quarter valued at $30,000. Signaturefd LLC acquired a new position in Amentum during the third quarter worth approximately $33,000. Glen Eagle Advisors LLC purchased a new stake in Amentum in the third quarter valued at approximately $35,000. Finally, HM Payson & Co. purchased a new stake in Amentum in the third quarter valued at approximately $38,000.

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.