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

Royal Bank of Canada began coverage on shares of Amentum (NYSE:AMTM) in a research report report published on Friday, MarketBeat reports. The firm issued a sector perform rating and a $24.00 target price on the stock.

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

Amentum Trading Up 5.2 %

Shares of NYSE AMTM opened at $22.60 on Friday. Amentum has a 12 month low of $18.38 and a 12 month high of $34.50. The stock has a 50 day simple moving average of $24.14.

Institutional Investors Weigh In On Amentum

Several large investors have recently modified their holdings of the stock. Wilmington Savings Fund Society FSB acquired a new stake in Amentum in the 3rd quarter valued at $790,000. Wharton Business Group LLC bought a new stake in shares of Amentum in the 3rd quarter worth about $2,106,000. Peak Asset Management LLC acquired a new stake in shares of Amentum during the 3rd quarter worth about $774,000. Tower Bridge Advisors bought a new position in Amentum during the 3rd quarter valued at about $4,053,000. Finally, Oppenheimer Asset Management Inc. acquired a new position in Amentum in the third quarter valued at about $1,062,000. 39.93% of the stock is currently owned by institutional investors.

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.