Booz Allen Hamilton (NYSE:BAH) Price Target Cut to $155.00 by Analysts at TD Cowen

Booz Allen Hamilton (NYSE:BAH) had its price objective dropped by analysts at TD Cowen from $200.00 to $155.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the business services provider’s stock. TD Cowen’s price target suggests a potential upside of 20.70% from the stock’s previous close.

BAH has been the topic of several other research reports. StockNews.com downgraded Booz Allen Hamilton from a “buy” rating to a “hold” rating in a report on Thursday, December 5th. UBS Group initiated coverage on Booz Allen Hamilton in a report on Monday, December 2nd. They issued a “neutral” rating and a $159.00 price target on the stock. Barclays upgraded Booz Allen Hamilton from an “underweight” rating to an “equal weight” rating and set a $140.00 price objective for the company in a research report on Monday. Wells Fargo & Company cut their target price on shares of Booz Allen Hamilton from $177.00 to $171.00 and set an “overweight” rating on the stock in a research report on Wednesday. Finally, Truist Financial lowered their price target on shares of Booz Allen Hamilton from $185.00 to $155.00 and set a “hold” rating for the company in a research report on Friday, November 22nd. One analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Booz Allen Hamilton presently has a consensus rating of “Hold” and a consensus target price of $161.78.

Booz Allen Hamilton Price Performance

Shares of BAH stock traded down $0.82 during trading hours on Wednesday, hitting $128.42. 608,822 shares of the company’s stock were exchanged, compared to its average volume of 1,481,870. Booz Allen Hamilton has a 52 week low of $125.42 and a 52 week high of $190.59. The stock has a market cap of $16.41 billion, a price-to-earnings ratio of 20.16, a price-to-earnings-growth ratio of 1.62 and a beta of 0.55. The company has a debt-to-equity ratio of 2.76, a current ratio of 1.56 and a quick ratio of 1.56. The stock’s 50-day moving average is $147.82 and its 200-day moving average is $153.23.

Insider Transactions at Booz Allen Hamilton

In related news, EVP Richard Crowe sold 4,243 shares of the company’s 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 sale, the executive vice president now owns 25,496 shares in the company, valued at approximately $4,206,840. This represents a 14.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Matthew Calderone sold 4,065 shares of the firm’s stock in a transaction that occurred on Thursday, October 24th. The shares were 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 owns 29,618 shares of the company’s stock, valued at approximately $4,886,970. This represents a 12.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.59% of the stock is owned by insiders.

Institutional Investors Weigh In On Booz Allen Hamilton

Large investors have recently made changes to their positions in the stock. AGF Management Ltd. raised its stake in Booz Allen Hamilton by 63.4% in the second 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 during the period. Westfield Capital Management Co. LP bought a new stake in Booz Allen Hamilton in the 3rd quarter valued at $48,349,000. Caisse DE Depot ET Placement DU Quebec lifted its holdings in Booz Allen Hamilton by 28.5% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,288,101 shares of the business services provider’s stock valued at $209,651,000 after purchasing an additional 285,621 shares during the last quarter. FMR LLC boosted its position in Booz Allen Hamilton by 111.6% during the third quarter. FMR LLC now owns 356,828 shares of the business services provider’s stock worth $58,077,000 after purchasing an additional 188,185 shares during the period. Finally, Millennium Management LLC boosted its position in Booz Allen Hamilton by 91.6% during the second quarter. Millennium Management LLC now owns 367,645 shares of the business services provider’s stock worth $56,581,000 after purchasing an additional 175,795 shares during the period. Institutional investors and hedge funds own 91.82% of the company’s stock.

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.