Booz Allen Hamilton (NYSE:BAH) Price Target Lowered to $148.00 at Wells Fargo & Company

Booz Allen Hamilton (NYSE:BAH) had its price target reduced by research analysts at Wells Fargo & Company from $164.00 to $148.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the business services provider’s stock. Wells Fargo & Company‘s target price points to a potential upside of 38.88% from the stock’s previous close.

A number of other equities analysts also recently commented on the stock. William Blair downgraded shares of Booz Allen Hamilton from an “outperform” rating to a “market perform” rating in a research note on Friday, February 21st. Raymond James raised Booz Allen Hamilton from a “market perform” rating to an “outperform” rating and set a $150.00 price objective on the stock in a research note on Monday, February 3rd. The Goldman Sachs Group decreased their target price on Booz Allen Hamilton from $210.00 to $158.00 and set a “buy” rating for the company in a research report on Thursday, December 12th. Cantor Fitzgerald raised Booz Allen Hamilton to a “strong-buy” rating in a research report on Tuesday, February 25th. Finally, 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 report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $156.82.

Booz Allen Hamilton Trading Down 0.7 %

Shares of BAH stock traded down $0.80 during trading hours on Tuesday, reaching $106.57. 3,091,282 shares of the stock were exchanged, compared to its average volume of 1,417,729. The firm has a market capitalization of $13.50 billion, a price-to-earnings ratio of 15.88, a price-to-earnings-growth ratio of 1.25 and a beta of 0.58. Booz Allen Hamilton has a 12-month low of $101.05 and a 12-month high of $190.59. The company’s 50-day moving average price is $114.87 and its 200-day moving average price is $138.24. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 2.72.

Booz Allen Hamilton (NYSE:BAH) last released its earnings results on Friday, January 31st. The business services provider reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.48 by $0.07. Booz Allen Hamilton had a return on equity of 68.97% and a net margin of 7.39%. As a group, equities analysts anticipate that Booz Allen Hamilton will post 6.44 earnings per share for the current year.

Institutional Trading of Booz Allen Hamilton

Several hedge funds have recently modified their holdings of BAH. JPMorgan Chase & Co. lifted its position in Booz Allen Hamilton by 12.5% during the fourth quarter. JPMorgan Chase & Co. now owns 4,518,386 shares of the business services provider’s stock valued at $581,516,000 after acquiring an additional 501,725 shares during the last quarter. First Trust Advisors LP increased its position in shares of Booz Allen Hamilton by 15.3% during the fourth quarter. First Trust Advisors LP now owns 2,804,642 shares of the business services provider’s stock worth $360,957,000 after purchasing an additional 371,390 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Booz Allen Hamilton by 2.5% during the 3rd quarter. Geode Capital Management LLC now owns 2,341,533 shares of the business services provider’s stock valued at $381,898,000 after purchasing an additional 58,038 shares during the last quarter. Janus Henderson Group PLC boosted its position in shares of Booz Allen Hamilton by 179.7% in the 4th quarter. Janus Henderson Group PLC now owns 1,767,129 shares of the business services provider’s stock worth $227,425,000 after purchasing an additional 1,135,426 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in Booz Allen Hamilton by 61.4% during the 4th quarter. Bank of America Corp DE now owns 1,552,217 shares of the business services provider’s stock worth $199,770,000 after buying an additional 590,655 shares during the last quarter. 91.82% of the stock is owned by hedge funds and other institutional investors.

About Booz Allen Hamilton

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.