Wells Fargo & Company Cuts Booz Allen Hamilton (NYSE:BAH) Price Target to $148.00

Booz Allen Hamilton (NYSE:BAH) had its target price lowered by research analysts at Wells Fargo & Company from $164.00 to $148.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has an “overweight” rating on the business services provider’s stock. Wells Fargo & Company‘s target price indicates a potential upside of 36.91% from the company’s previous close.

Other research analysts have also issued reports about the company. Barclays raised Booz Allen Hamilton from an “underweight” rating to an “equal weight” rating and set a $140.00 target price on the stock in a research report on Monday, January 6th. Cantor Fitzgerald upgraded Booz Allen Hamilton to a “strong-buy” rating in a report on Tuesday, February 25th. TD Cowen reduced their target price on shares of Booz Allen Hamilton from $200.00 to $155.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. The Goldman Sachs Group dropped their price target on shares of Booz Allen Hamilton from $210.00 to $158.00 and set a “buy” rating on the stock in a research note on Thursday, December 12th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Booz Allen Hamilton from $142.00 to $140.00 and set an “underweight” rating for the company in a research note on Monday, February 3rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $156.82.

Booz Allen Hamilton Stock Performance

Booz Allen Hamilton stock opened at $108.10 on Tuesday. The firm’s 50 day simple moving average is $113.17 and its 200-day simple moving average is $137.10. 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 has a fifty-two week low of $101.05 and a fifty-two week high of $190.59. The company has a market cap of $13.69 billion, a P/E ratio of 16.11, a price-to-earnings-growth ratio of 1.25 and a beta of 0.58.

Booz Allen Hamilton (NYSE:BAH) last posted its quarterly earnings results 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 return on equity of 68.97% and a net margin of 7.39%. As a group, equities research analysts predict that Booz Allen Hamilton will post 6.44 EPS for the current year.

Institutional Trading of Booz Allen Hamilton

A number of large investors have recently bought and sold shares of the stock. Merit Financial Group LLC bought a new position in shares of Booz Allen Hamilton in the first quarter valued at about $839,000. NBC Securities Inc. bought a new position in shares of Booz Allen Hamilton in the first quarter worth about $35,000. Wallace Advisory Group LLC grew its stake in shares of Booz Allen Hamilton by 13.3% during the first quarter. Wallace Advisory Group LLC now owns 3,815 shares of the business services provider’s stock valued at $399,000 after purchasing an additional 449 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Booz Allen Hamilton by 7,839.8% in the first quarter. GAMMA Investing LLC now owns 209,055 shares of the business services provider’s stock valued at $21,863,000 after purchasing an additional 206,422 shares in the last quarter. Finally, Versant Capital Management Inc raised its position in Booz Allen Hamilton by 627.3% in the 1st quarter. Versant Capital Management Inc now owns 320 shares of the business services provider’s stock worth $33,000 after purchasing an additional 276 shares during the last quarter. 91.82% of the stock is currently owned by institutional investors.

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.