Booz Allen Hamilton (NYSE:BAH) Price Target Lowered to $120.00 at JPMorgan Chase & Co.

Booz Allen Hamilton (NYSE:BAH) had its price objective decreased by research analysts at JPMorgan Chase & Co. from $140.00 to $120.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has an “underweight” rating on the business services provider’s stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 6.80% from the company’s previous close.

Several other brokerages have also weighed in on BAH. Cantor Fitzgerald raised shares of Booz Allen Hamilton to a “strong-buy” rating in a research note on Tuesday, February 25th. Truist Financial decreased their price target on Booz Allen Hamilton from $142.00 to $110.00 and set a “hold” rating on the stock in a research note on Monday. Barclays raised Booz Allen Hamilton from an “underweight” rating to an “equal weight” rating and set a $140.00 price objective for the company in a report on Monday, January 6th. William Blair cut shares of Booz Allen Hamilton from an “outperform” rating to a “market perform” rating in a research report on Friday, February 21st. Finally, Raymond James raised shares of Booz Allen Hamilton from a “market perform” rating to an “outperform” rating and set a $150.00 price objective on the stock in a research note on Monday, February 3rd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $146.45.

Booz Allen Hamilton Price Performance

NYSE BAH opened at $112.36 on Tuesday. Booz Allen Hamilton has a 1 year low of $101.05 and a 1 year high of $190.59. The company has a fifty day simple moving average of $111.95 and a 200 day simple moving average of $135.88. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 2.72. The company has a market cap of $14.23 billion, a P/E ratio of 16.75, a P/E/G ratio of 1.25 and a beta of 0.58.

Booz Allen Hamilton (NYSE:BAH) last issued its quarterly earnings results 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, sell-side analysts predict that Booz Allen Hamilton will post 6.44 EPS for the current year.

Institutional Trading of Booz Allen Hamilton

Hedge funds and other institutional investors have recently modified their holdings of the stock. Norges Bank acquired a new position in Booz Allen Hamilton in the fourth quarter valued at $196,578,000. Raymond James Financial Inc. acquired a new position in shares of Booz Allen Hamilton in the 4th quarter valued at about $173,055,000. Janus Henderson Group PLC boosted its position in shares of Booz Allen Hamilton by 179.7% during the 4th quarter. Janus Henderson Group PLC now owns 1,767,129 shares of the business services provider’s stock valued at $227,425,000 after purchasing an additional 1,135,426 shares in the last quarter. Man Group plc grew its stake in Booz Allen Hamilton by 2,293.2% during the fourth quarter. Man Group plc now owns 1,128,389 shares of the business services provider’s stock worth $145,224,000 after purchasing an additional 1,081,239 shares during the period. Finally, Bank of America Corp DE increased its holdings in Booz Allen Hamilton by 61.4% in the fourth quarter. Bank of America Corp DE now owns 1,552,217 shares of the business services provider’s stock worth $199,770,000 after purchasing an additional 590,655 shares in the last quarter. Institutional investors own 91.82% of the company’s stock.

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.