Booz Allen Hamilton (NYSE:BAH) PT Raised to $175.00 at Barclays

Booz Allen Hamilton (NYSE:BAH) had its target price upped by equities researchers at Barclays from $142.00 to $175.00 in a research note issued on Tuesday, Benzinga reports. The firm currently has an “underweight” rating on the business services provider’s stock. Barclays‘s price target points to a potential downside of 5.91% from the stock’s previous close.

Several other research firms have also recently weighed in on BAH. The Goldman Sachs Group increased their price target on Booz Allen Hamilton from $174.00 to $196.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Wells Fargo & Company raised their target price on Booz Allen Hamilton from $185.00 to $206.00 and gave the stock an “overweight” rating in a research report on Monday. JPMorgan Chase & Co. lowered shares of Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and upped their price target for the company from $154.00 to $158.00 in a research report on Wednesday, October 2nd. StockNews.com downgraded shares of Booz Allen Hamilton from a “hold” rating to a “sell” rating in a report on Tuesday, October 22nd. Finally, TD Cowen reduced their target price on shares of Booz Allen Hamilton from $185.00 to $165.00 and set a “buy” rating for the company in a report on Monday, July 29th. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $180.00.

Booz Allen Hamilton Price Performance

Shares of NYSE:BAH opened at $186.00 on Tuesday. The business has a 50-day simple moving average of $159.56 and a two-hundred day simple moving average of $153.85. The company has a debt-to-equity ratio of 3.07, a quick ratio of 1.55 and a current ratio of 1.55. The firm has a market cap of $24.03 billion, a price-to-earnings ratio of 40.43, a price-to-earnings-growth ratio of 2.33 and a beta of 0.59. Booz Allen Hamilton has a fifty-two week low of $116.60 and a fifty-two week high of $189.13.

Booz Allen Hamilton (NYSE:BAH) last released its quarterly earnings data on Friday, July 26th. The business services provider reported $1.38 earnings per share for the quarter, missing the consensus estimate of $1.52 by ($0.14). Booz Allen Hamilton had a net margin of 5.57% and a return on equity of 65.80%. The company had revenue of $2.94 billion for the quarter, compared to analysts’ expectations of $2.92 billion. On average, analysts expect that Booz Allen Hamilton will post 5.97 earnings per share for the current year.

Insiders Place Their Bets

In other news, EVP Richard Crowe sold 4,243 shares of the firm’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $165.00, for a total transaction of $700,095.00. Following the sale, the executive vice president now directly owns 25,496 shares in the company, valued at $4,206,840. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, EVP Richard Crowe sold 4,243 shares of the stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $165.00, for a total transaction of $700,095.00. Following the completion of the sale, the executive vice president now owns 25,496 shares in the company, valued at approximately $4,206,840. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Matthew Calderone sold 4,065 shares of the business’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $165.00, for a total value of $670,725.00. Following the completion of the transaction, the chief financial officer now directly owns 29,618 shares in the company, valued at approximately $4,886,970. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 13,214 shares of company stock worth $2,138,406 over the last three months. 1.59% of the stock is currently owned by company insiders.

Institutional Trading of Booz Allen Hamilton

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD grew its position in shares of Booz Allen Hamilton by 2.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 10,406,880 shares of the business services provider’s stock valued at $1,544,798,000 after purchasing an additional 222,884 shares in the last quarter. AGF Management Ltd. grew its holdings in Booz Allen Hamilton by 63.4% during the 2nd quarter. AGF Management Ltd. now owns 1,750,610 shares of the business services provider’s stock valued at $269,419,000 after buying an additional 679,280 shares in the last quarter. American Century Companies Inc. grew its holdings in Booz Allen Hamilton by 6.1% during the 2nd quarter. American Century Companies Inc. now owns 1,672,961 shares of the business services provider’s stock valued at $257,469,000 after buying an additional 96,553 shares in the last quarter. Bessemer Group Inc. increased its stake in Booz Allen Hamilton by 1.9% in the 1st quarter. Bessemer Group Inc. now owns 1,178,784 shares of the business services provider’s stock worth $174,978,000 after acquiring an additional 22,545 shares during the last quarter. Finally, Captrust Financial Advisors raised its holdings in shares of Booz Allen Hamilton by 29.4% during the 1st quarter. Captrust Financial Advisors now owns 1,076,130 shares of the business services provider’s stock worth $159,741,000 after acquiring an additional 244,391 shares in the last quarter. 91.82% of the stock is currently owned by institutional investors.

Booz Allen Hamilton Company Profile

Booz Allen Hamilton Holding Corporation provides management and technology consulting, analytics, engineering, digital solutions, mission operations, and cyber services to governments, corporations, and not-for-profit organizations in the United States and internationally. It focuses on artificial intelligence services comprising of machine learning, predictive modeling, automation and decision analytics, and quantum computing.