Booz Allen Hamilton (NYSE:BAH) Shares Down 5.5% – Time to Sell?

Shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) traded down 5.5% during mid-day trading on Thursday . The stock traded as low as $140.36 and last traded at $135.12. 295,653 shares traded hands during trading, a decline of 82% from the average session volume of 1,680,218 shares. The stock had previously closed at $143.06.

Analyst Upgrades and Downgrades

BAH has been the topic of several analyst reports. Barclays raised shares of Booz Allen Hamilton from an “underweight” rating to an “equal weight” rating and set a $140.00 price objective on the stock in a research note on Monday, January 6th. JPMorgan Chase & Co. downgraded shares of Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and increased their target price for the company from $154.00 to $158.00 in a research report on Wednesday, October 2nd. Truist Financial decreased their price target on Booz Allen Hamilton from $185.00 to $155.00 and set a “hold” rating for the company in a report on Friday, November 22nd. Wells Fargo & Company dropped their price target on Booz Allen Hamilton from $177.00 to $171.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. Finally, TD Cowen reduced their price objective on shares of Booz Allen Hamilton from $200.00 to $155.00 and set a “buy” rating for the company in a research report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $161.78.

Booz Allen Hamilton Stock Performance

The company has a debt-to-equity ratio of 2.76, a current ratio of 1.56 and a quick ratio of 1.56. The company has a fifty day moving average price of $137.22 and a 200 day moving average price of $151.55. The stock has a market cap of $17.05 billion, a P/E ratio of 20.95, a P/E/G ratio of 1.72 and a beta of 0.55.

Institutional Trading of Booz Allen Hamilton

A number of hedge funds and other institutional investors have recently bought and sold shares of BAH. Peterson Financial Group Inc. acquired a new position in shares of Booz Allen Hamilton during the third quarter valued at about $31,000. R Squared Ltd bought a new position in Booz Allen Hamilton in the 4th quarter valued at about $31,000. Berbice Capital Management LLC acquired a new position in Booz Allen Hamilton during the 4th quarter valued at about $39,000. Gilliland Jeter Wealth Management LLC bought a new stake in Booz Allen Hamilton during the 3rd quarter worth approximately $45,000. Finally, Kennebec Savings Bank purchased a new stake in shares of Booz Allen Hamilton in the third quarter worth approximately $60,000. 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.