Truist Financial Lowers Booz Allen Hamilton (NYSE:BAH) Price Target to $155.00

Booz Allen Hamilton (NYSE:BAH) had its price target cut by equities researchers at Truist Financial from $185.00 to $155.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has a “hold” rating on the business services provider’s stock. Truist Financial’s target price would indicate a potential upside of 3.53% from the company’s previous close.

Several other research firms also recently issued reports on BAH. Wells Fargo & Company upped their price target on Booz Allen Hamilton from $185.00 to $206.00 and gave the stock an “overweight” rating in a research note on Monday, October 28th. JPMorgan Chase & Co. cut Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and upped their target price for the stock from $154.00 to $158.00 in a research report on Wednesday, October 2nd. StockNews.com lowered shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. Barclays upped their price objective on shares of Booz Allen Hamilton from $142.00 to $175.00 and gave the stock an “underweight” rating in a report on Tuesday, October 29th. Finally, Jefferies Financial Group downgraded shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating and lifted their target price for the stock from $180.00 to $190.00 in a report on Monday, November 4th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $176.88.

Booz Allen Hamilton Stock Down 0.1 %

BAH stock opened at $149.71 on Friday. The firm has a market cap of $19.13 billion, a PE ratio of 23.84, a PEG ratio of 1.66 and a beta of 0.58. Booz Allen Hamilton has a 1 year low of $123.17 and a 1 year high of $190.59. The company has a fifty day simple moving average of $164.99 and a 200 day simple moving average of $156.90. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 2.76.

Insider Activity

In other news, EVP Richard Crowe sold 4,243 shares of the firm’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $165.00, for a total transaction of $700,095.00. Following the completion of the transaction, the executive vice president now directly owns 25,496 shares of the company’s stock, valued at approximately $4,206,840. This trade represents a 14.27 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 in the company, valued at approximately $5,389,280. The trade was a 10.29 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,173 shares of company stock valued at $1,989,220. Insiders own 1.59% of the company’s stock.

Institutional Investors Weigh In On Booz Allen Hamilton

Institutional investors have recently added to or reduced their stakes in the stock. AGF Management Ltd. lifted its position in shares of Booz Allen Hamilton by 63.4% during the 2nd quarter. AGF Management Ltd. now owns 1,750,610 shares of the business services provider’s stock worth $269,419,000 after buying an additional 679,280 shares during the period. Westfield Capital Management Co. LP bought a new position in shares of Booz Allen Hamilton during the third quarter valued at $48,349,000. Caisse DE Depot ET Placement DU Quebec boosted its stake in shares of Booz Allen Hamilton by 28.5% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,288,101 shares of the business services provider’s stock valued at $209,651,000 after purchasing an additional 285,621 shares in the last quarter. Captrust Financial Advisors grew its holdings in shares of Booz Allen Hamilton by 29.4% in the 1st quarter. Captrust Financial Advisors now owns 1,076,130 shares of the business services provider’s stock worth $159,741,000 after purchasing an additional 244,391 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in shares of Booz Allen Hamilton by 2.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 10,406,880 shares of the business services provider’s stock worth $1,544,798,000 after purchasing an additional 222,884 shares in the last quarter. 91.82% of the stock is owned by institutional investors and hedge funds.

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.