Booz Allen Hamilton (NYSE:BAH) Downgraded by StockNews.com

Booz Allen Hamilton (NYSE:BAH) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Wednesday.

A number of other equities analysts have also issued reports on the company. Barclays decreased their price objective on Booz Allen Hamilton from $153.00 to $142.00 and set an “underweight” rating for the company in a report on Tuesday, July 30th. TD Cowen decreased their price target on Booz Allen Hamilton from $185.00 to $165.00 and set a “buy” rating for the company in a research note on Monday, July 29th. Wells Fargo & Company upgraded shares of Booz Allen Hamilton from an “equal weight” rating to an “overweight” rating and cut their price objective for the company from $168.00 to $165.00 in a research note on Monday, July 29th. Truist Financial upped their price objective on shares of Booz Allen Hamilton from $140.00 to $165.00 and gave the stock a “hold” rating in a report on Thursday, September 5th. Finally, JPMorgan Chase & Co. raised their target price on shares of Booz Allen Hamilton from $136.00 to $154.00 and gave the company a “neutral” rating in a research note on Wednesday, July 10th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $159.33.

Booz Allen Hamilton Stock Performance

BAH stock opened at $159.57 on Wednesday. Booz Allen Hamilton has a 1 year low of $108.58 and a 1 year high of $164.43. The stock has a market capitalization of $20.61 billion, a price-to-earnings ratio of 34.69, a PEG ratio of 2.30 and a beta of 0.59. The company has a debt-to-equity ratio of 3.07, a quick ratio of 1.55 and a current ratio of 1.55. The stock’s fifty day moving average is $152.31 and its two-hundred day moving average is $151.00.

Booz Allen Hamilton (NYSE:BAH) last issued its quarterly earnings data on Friday, July 26th. The business services provider reported $1.38 earnings per share for the quarter, missing the consensus estimate of $1.52 by ($0.14). Booz Allen Hamilton had a net margin of 5.57% and a return on equity of 65.80%. The firm had revenue of $2.94 billion during the quarter, compared to the consensus estimate of $2.92 billion. On average, research analysts predict that Booz Allen Hamilton will post 5.96 EPS for the current year.

Insider Activity

In other Booz Allen Hamilton news, Director Melody C. Barnes sold 1,041 shares of Booz Allen Hamilton stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $143.31, for a total value of $149,185.71. Following the transaction, the director now owns 18,123 shares in the company, valued at $2,597,207.13. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Booz Allen Hamilton news, CFO Matthew Calderone sold 3,865 shares of the company’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $160.00, for a total transaction of $618,400.00. Following the completion of the sale, the chief financial officer now directly owns 33,683 shares of the company’s stock, valued at $5,389,280. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Melody C. Barnes sold 1,041 shares of Booz Allen Hamilton stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $143.31, for a total transaction of $149,185.71. Following the completion of the transaction, the director now directly owns 18,123 shares in the company, valued at $2,597,207.13. The disclosure for this sale can be found here. Insiders own 1.59% of the company’s stock.

Institutional Investors Weigh In On Booz Allen Hamilton

Several hedge funds have recently made changes to their positions in the company. Opal Wealth Advisors LLC acquired a new stake in Booz Allen Hamilton during the 2nd quarter worth about $26,000. OFI Invest Asset Management acquired a new position in Booz Allen Hamilton in the 2nd quarter valued at approximately $29,000. Banque Cantonale Vaudoise lifted its position in Booz Allen Hamilton by 112.4% in the 1st quarter. Banque Cantonale Vaudoise now owns 206 shares of the business services provider’s stock worth $31,000 after buying an additional 109 shares in the last quarter. Innealta Capital LLC acquired a new stake in shares of Booz Allen Hamilton during the 2nd quarter valued at $34,000. Finally, MCF Advisors LLC grew its holdings in shares of Booz Allen Hamilton by 103.6% during the 1st quarter. MCF Advisors LLC now owns 226 shares of the business services provider’s stock valued at $34,000 after acquiring an additional 115 shares in the last quarter. Hedge funds and other institutional investors own 91.82% of the company’s stock.

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.