Booz Allen Hamilton (NYSE:BAH) Price Target Cut to $164.00 by Analysts at Wells Fargo & Company

Booz Allen Hamilton (NYSE:BAH) had its target price lowered by equities researchers at Wells Fargo & Company from $180.00 to $164.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the business services provider’s stock. Wells Fargo & Company‘s price objective suggests a potential upside of 41.48% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the company. Cantor Fitzgerald upgraded Booz Allen Hamilton to a “strong-buy” rating in a report on Tuesday. TD Cowen cut their target price on shares of Booz Allen Hamilton from $200.00 to $155.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. 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. JPMorgan Chase & Co. dropped their price objective on shares of Booz Allen Hamilton from $142.00 to $140.00 and set an “underweight” rating for the company in a research note on Monday, February 3rd. Finally, Truist Financial decreased their target price on shares of Booz Allen Hamilton from $185.00 to $155.00 and set a “hold” rating on the stock in a research report on Friday, November 22nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $158.27.

Booz Allen Hamilton Trading Up 3.1 %

Booz Allen Hamilton stock opened at $115.91 on Wednesday. Booz Allen Hamilton has a 1 year low of $106.69 and a 1 year high of $190.59. The firm’s 50 day moving average price is $128.57 and its 200-day moving average price is $147.30. The company has a debt-to-equity ratio of 2.72, a current ratio of 1.57 and a quick ratio of 1.57. The stock has a market cap of $14.68 billion, a P/E ratio of 17.19, a PEG ratio of 1.25 and a beta of 0.55.

Booz Allen Hamilton (NYSE:BAH) last announced its quarterly earnings results on Friday, January 31st. The business services provider reported $1.55 EPS for the quarter, topping the consensus estimate of $1.48 by $0.07. Booz Allen Hamilton had a net margin of 7.39% and a return on equity of 68.97%. On average, equities analysts predict that Booz Allen Hamilton will post 6.44 earnings per share for the current fiscal year.

Institutional Trading of Booz Allen Hamilton

A number of large investors have recently modified their holdings of the company. Armis Advisers LLC purchased a new position in shares of Booz Allen Hamilton during the fourth quarter valued at $285,000. Ascent Group LLC grew its holdings in Booz Allen Hamilton by 16.2% during the 4th quarter. Ascent Group LLC now owns 5,445 shares of the business services provider’s stock worth $701,000 after acquiring an additional 759 shares in the last quarter. Mackenzie Financial Corp increased its position in Booz Allen Hamilton by 604.7% during the 4th quarter. Mackenzie Financial Corp now owns 44,564 shares of the business services provider’s stock valued at $5,735,000 after purchasing an additional 38,240 shares during the period. Toronto Dominion Bank raised its holdings in shares of Booz Allen Hamilton by 2.9% in the 4th quarter. Toronto Dominion Bank now owns 17,392 shares of the business services provider’s stock valued at $2,238,000 after purchasing an additional 483 shares in the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of Booz Allen Hamilton in the 4th quarter worth approximately $5,575,000. Hedge funds and other institutional investors 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.