Booz Allen Hamilton (NYSE:BAH) Price Target Cut to $140.00

Booz Allen Hamilton (NYSE:BAH) had its price objective decreased by research analysts at Truist Financial from $160.00 to $140.00 in a report issued on Monday, Benzinga reports. The brokerage currently has a “hold” rating on the business services provider’s stock. Truist Financial’s price target suggests a potential downside of 2.86% from the company’s previous close.

A number of other equities analysts have also recently commented on BAH. TD Cowen decreased their target price on shares of Booz Allen Hamilton from $185.00 to $165.00 and set a “buy” rating on the stock in a research report on Monday. JPMorgan Chase & Co. boosted their target price on Booz Allen Hamilton from $136.00 to $154.00 and gave the company a “neutral” rating in a research note on Wednesday, July 10th. Barclays raised their price target on Booz Allen Hamilton from $135.00 to $153.00 and gave the stock an “underweight” rating in a research report on Wednesday, May 29th. Stifel Nicolaus boosted their price objective on Booz Allen Hamilton from $155.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, May 21st. Finally, Jefferies Financial Group raised their target price on shares of Booz Allen Hamilton from $180.00 to $185.00 and gave the stock a “buy” rating in a report on Wednesday, May 29th. One analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Booz Allen Hamilton currently has a consensus rating of “Moderate Buy” and a consensus price target of $157.78.

Booz Allen Hamilton Price Performance

Shares of BAH traded up $4.28 during midday trading on Monday, reaching $144.12. The stock had a trading volume of 1,031,431 shares, compared to its average volume of 659,126. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 3.20. The company has a market capitalization of $18.64 billion, a price-to-earnings ratio of 31.29, a price-to-earnings-growth ratio of 2.03 and a beta of 0.57. The company’s 50-day moving average is $154.09 and its 200 day moving average is $147.75. Booz Allen Hamilton has a 12-month low of $106.90 and a 12-month high of $164.43.

Booz Allen Hamilton (NYSE:BAH) last issued its earnings results on Friday, May 24th. The business services provider reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.23 by $0.10. The business had revenue of $2.77 billion during the quarter, compared to analyst estimates of $2.71 billion. Booz Allen Hamilton had a return on equity of 66.04% and a net margin of 5.57%. Booz Allen Hamilton’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.01 earnings per share. On average, equities analysts predict that Booz Allen Hamilton will post 5.93 EPS for the current fiscal year.

Insiders Place Their Bets

In other Booz Allen Hamilton news, CEO Horacio Rozanski sold 34,571 shares of Booz Allen Hamilton stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $154.15, for a total transaction of $5,329,119.65. Following the sale, the chief executive officer now directly owns 579,025 shares of the company’s stock, valued at approximately $89,256,703.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CEO Horacio Rozanski sold 34,571 shares of the business’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $154.15, for a total transaction of $5,329,119.65. Following the sale, the chief executive officer now owns 579,025 shares in the company, valued at approximately $89,256,703.75. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Richard Crowe sold 1,006 shares of the business’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $151.96, for a total transaction of $152,871.76. Following the sale, the executive vice president now directly owns 29,739 shares in the company, valued at approximately $4,519,138.44. The disclosure for this sale can be found here. In the last ninety days, insiders sold 58,255 shares of company stock worth $8,970,026. 1.59% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Booz Allen Hamilton

Several institutional investors and hedge funds have recently modified their holdings of the stock. Opal Wealth Advisors LLC purchased a new stake in Booz Allen Hamilton during the 2nd quarter valued at about $26,000. OFI Invest Asset Management bought a new position in shares of Booz Allen Hamilton during the second quarter valued at $29,000. Banque Cantonale Vaudoise boosted its holdings in shares of Booz Allen Hamilton by 112.4% during the 1st quarter. Banque Cantonale Vaudoise now owns 206 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 109 shares during the last quarter. MCF Advisors LLC raised its holdings in shares of Booz Allen Hamilton by 103.6% during the first quarter. MCF Advisors LLC now owns 226 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 115 shares during the last quarter. Finally, Crewe Advisors LLC bought a new position in Booz Allen Hamilton during the first quarter valued at approximately $35,000. 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 also focuses on artificial intelligence services comprising of machine learning, predictive modeling, automation and decision analytics, and quantum computing.