Amentum (NYSE:AMTM) Coverage Initiated by Analysts at Raymond James

Raymond James started coverage on shares of Amentum (NYSE:AMTM) in a research report issued to clients and investors on Thursday, MarketBeat.com reports. The brokerage set an “outperform” rating and a $30.00 price target on the stock. Raymond James’ price objective would indicate a potential upside of 22.60% from the stock’s current price.

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

Amentum Price Performance

AMTM stock opened at $24.47 on Thursday. Amentum has a 1-year low of $21.24 and a 1-year high of $34.50.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AMTM. Dover Advisors LLC acquired a new position in Amentum in the 3rd quarter valued at $219,000. McKinley Carter Wealth Services Inc. acquired a new position in Amentum in the 3rd quarter valued at $1,764,000. Heritage Family Offices LLP acquired a new position in Amentum in the 3rd quarter valued at $308,000. ZWJ Investment Counsel Inc. acquired a new position in Amentum in the 3rd quarter valued at $2,256,000. Finally, Compass Wealth Management LLC acquired a new position in Amentum in the 3rd quarter valued at $804,000.

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.