Wells Fargo & Company Issues Pessimistic Forecast for Booz Allen Hamilton (NYSE:BAH) Stock Price

Booz Allen Hamilton (NYSE:BAH) had its target price reduced by analysts at Wells Fargo & Company from $180.00 to $164.00 in a report released on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the business services provider’s stock. Wells Fargo & Company‘s target price indicates a potential upside of 47.85% from the company’s current price.

Several other research firms have also commented on BAH. TD Cowen reduced their price target 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. JPMorgan Chase & Co. reduced their price target on shares of Booz Allen Hamilton from $142.00 to $140.00 and set an “underweight” rating for the company in a report on Monday, February 3rd. William Blair lowered shares of Booz Allen Hamilton from an “outperform” rating to a “market perform” rating in a report on Friday, February 21st. Truist Financial reduced their price target on shares of Booz Allen Hamilton from $185.00 to $155.00 and set a “hold” rating for the company in a report on Friday, November 22nd. Finally, StockNews.com lowered shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating in a report on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $158.27.

Booz Allen Hamilton Trading Down 2.3 %

Shares of BAH opened at $110.92 on Wednesday. Booz Allen Hamilton has a 1-year low of $106.69 and a 1-year high of $190.59. The company has a 50-day moving average of $128.17 and a 200 day moving average of $147.07. The firm has a market capitalization of $14.05 billion, a price-to-earnings ratio of 16.53, a PEG ratio of 1.25 and a beta of 0.55. The company has a debt-to-equity ratio of 2.72, a current ratio of 1.57 and a quick ratio of 1.57.

Booz Allen Hamilton (NYSE:BAH) last announced its quarterly earnings data on Friday, January 31st. The business services provider reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates 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, research analysts expect that Booz Allen Hamilton will post 6.44 EPS for the current year.

Institutional Trading of Booz Allen Hamilton

Several large investors have recently bought and sold shares of BAH. Creative Planning grew its position in Booz Allen Hamilton by 11.3% during the 3rd quarter. Creative Planning now owns 7,485 shares of the business services provider’s stock worth $1,218,000 after purchasing an additional 758 shares during the last quarter. Forsta AP Fonden grew its position in Booz Allen Hamilton by 10.9% during the 3rd quarter. Forsta AP Fonden now owns 27,500 shares of the business services provider’s stock worth $4,476,000 after purchasing an additional 2,700 shares during the last quarter. Arkadios Wealth Advisors grew its position in Booz Allen Hamilton by 12.0% during the 3rd quarter. Arkadios Wealth Advisors now owns 1,627 shares of the business services provider’s stock worth $265,000 after purchasing an additional 174 shares during the last quarter. Smith Group Asset Management LLC purchased a new stake in Booz Allen Hamilton during the 3rd quarter worth approximately $308,000. Finally, Strategic Blueprint LLC boosted its holdings in shares of Booz Allen Hamilton by 7.6% in the 3rd quarter. Strategic Blueprint LLC now owns 1,647 shares of the business services provider’s stock valued at $268,000 after acquiring an additional 116 shares during 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.