Booz Allen Hamilton (NYSE:BAH) Price Target Lowered to $140.00 at JPMorgan Chase & Co.

Booz Allen Hamilton (NYSE:BAH) had its target price dropped by stock analysts at JPMorgan Chase & Co. from $142.00 to $140.00 in a report issued on Monday,Benzinga reports. The firm currently has an “underweight” rating on the business services provider’s stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 5.67% from the company’s current price.

Other research analysts have also issued research reports about the company. Truist Financial lowered their price objective on Booz Allen Hamilton from $185.00 to $155.00 and set a “hold” rating on the stock in a report on Friday, November 22nd. Wells Fargo & Company lowered their price target on Booz Allen Hamilton from $177.00 to $171.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. Barclays upgraded shares of 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 note on Monday, January 6th. Raymond James upgraded shares of Booz Allen Hamilton from a “market perform” rating to an “outperform” rating and set a $150.00 target price on the stock in a report on Monday. Finally, Jefferies Financial Group cut shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating and upped their price target for the company from $180.00 to $190.00 in a report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $158.80.

Booz Allen Hamilton Stock Up 2.7 %

NYSE:BAH traded up $3.48 on Monday, hitting $132.48. 1,581,351 shares of the company’s stock traded hands, compared to its average volume of 1,996,874. The firm has a 50-day moving average price of $135.79 and a 200-day moving average price of $150.54. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 2.76. The company has a market cap of $16.93 billion, a PE ratio of 19.70, a price-to-earnings-growth ratio of 1.53 and a beta of 0.55. Booz Allen Hamilton has a 1 year low of $121.02 and a 1 year high of $190.59.

Booz Allen Hamilton (NYSE:BAH) last released its quarterly earnings data on Friday, January 31st. The business services provider reported $1.55 earnings per share for the quarter, beating 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 70.51%. Equities analysts anticipate that Booz Allen Hamilton will post 6.32 EPS for the current fiscal year.

Institutional Investors Weigh In On Booz Allen Hamilton

Institutional investors have recently added to or reduced their stakes in the stock. Oppenheimer & Co. Inc. boosted its stake in Booz Allen Hamilton by 3.3% in the third quarter. Oppenheimer & Co. Inc. now owns 1,822 shares of the business services provider’s stock worth $297,000 after purchasing an additional 59 shares in the last quarter. Moody Aldrich Partners LLC grew its holdings in Booz Allen Hamilton by 4.7% during the 4th quarter. Moody Aldrich Partners LLC now owns 1,660 shares of the business services provider’s stock worth $214,000 after acquiring an additional 74 shares during the last quarter. Bleakley Financial Group LLC increased its position in Booz Allen Hamilton by 4.3% in the 4th quarter. Bleakley Financial Group LLC now owns 1,816 shares of the business services provider’s stock valued at $234,000 after acquiring an additional 75 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of Booz Allen Hamilton by 13.0% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 685 shares of the business services provider’s stock worth $111,000 after acquiring an additional 79 shares during the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. lifted its position in shares of Booz Allen Hamilton by 2.0% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 4,160 shares of the business services provider’s stock worth $535,000 after purchasing an additional 82 shares in the last quarter. 91.82% of the stock is owned by institutional investors and hedge funds.

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.