The Goldman Sachs Group Cuts Booz Allen Hamilton (NYSE:BAH) Price Target to $158.00

Booz Allen Hamilton (NYSE:BAH) had its price objective cut by The Goldman Sachs Group from $210.00 to $158.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the business services provider’s stock. The Goldman Sachs Group’s target price indicates a potential upside of 17.93% from the company’s current price.

A number of other equities research analysts also recently weighed in on BAH. UBS Group assumed coverage on Booz Allen Hamilton in a research report on Monday, December 2nd. They set a “neutral” rating and a $159.00 price objective on the stock. Barclays raised their price target on shares of Booz Allen Hamilton from $142.00 to $175.00 and gave the company an “underweight” rating in a report on Tuesday, October 29th. Truist Financial decreased their target price 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. Jefferies Financial Group downgraded Booz Allen Hamilton from a “buy” rating to a “hold” rating and upped their price target for the stock from $180.00 to $190.00 in a research report on Monday, November 4th. Finally, StockNews.com cut Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research report on Thursday, December 5th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Booz Allen Hamilton presently has a consensus rating of “Hold” and a consensus target price of $167.44.

Booz Allen Hamilton Stock Down 0.7 %

NYSE:BAH traded down $1.01 during trading hours on Thursday, reaching $133.98. The company’s stock had a trading volume of 421,495 shares, compared to its average volume of 861,634. The company has a debt-to-equity ratio of 2.76, a quick ratio of 1.56 and a current ratio of 1.56. The company has a market capitalization of $17.12 billion, a P/E ratio of 21.15, a price-to-earnings-growth ratio of 1.75 and a beta of 0.52. The stock has a 50 day moving average price of $160.99 and a two-hundred day moving average price of $156.12. Booz Allen Hamilton has a 12 month low of $123.17 and a 12 month high of $190.59.

Insider Buying and Selling at Booz Allen Hamilton

In other Booz Allen Hamilton news, EVP Richard Crowe sold 4,243 shares of the company’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $165.00, for a total value of $700,095.00. Following the sale, the executive vice president now directly owns 25,496 shares of the company’s stock, valued at approximately $4,206,840. This represents a 14.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Matthew Calderone sold 4,065 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 value of $670,725.00. Following the sale, the chief financial officer now directly owns 29,618 shares in the company, valued at $4,886,970. This represents a 12.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,173 shares of company stock worth $1,989,220. 1.59% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Booz Allen Hamilton

Several hedge funds have recently bought and sold shares of BAH. OFI Invest Asset Management acquired a new position in shares of Booz Allen Hamilton in the 2nd quarter valued at $29,000. Peterson Financial Group Inc. purchased a new position in Booz Allen Hamilton in the third quarter valued at $31,000. Innealta Capital LLC acquired a new position in shares of Booz Allen Hamilton in the second quarter worth about $34,000. Gilliland Jeter Wealth Management LLC purchased a new stake in shares of Booz Allen Hamilton during the 3rd quarter worth about $45,000. Finally, MCF Advisors LLC grew its position in shares of Booz Allen Hamilton by 56.2% during the 2nd quarter. MCF Advisors LLC now owns 353 shares of the business services provider’s stock valued at $54,000 after acquiring an additional 127 shares during the period. 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.