Booz Allen Hamilton (NYSE:BAH) Hits New 1-Year Low – Should You Sell?

Shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $127.01 and last traded at $127.19, with a volume of 1421329 shares trading hands. The stock had previously closed at $128.91.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. StockNews.com downgraded shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research note on Thursday, December 5th. Barclays raised Booz Allen Hamilton from an “underweight” rating to an “equal weight” rating and set a $140.00 price target for the company in a research report on Monday, January 6th. Truist Financial dropped their price objective on Booz Allen Hamilton from $185.00 to $155.00 and set a “hold” rating on the stock in a research report on Friday, November 22nd. The Goldman Sachs Group reduced their target price on shares of Booz Allen Hamilton from $210.00 to $158.00 and set a “buy” rating for the company in a report on Thursday, December 12th. Finally, Wells Fargo & Company lowered their price target on shares of Booz Allen Hamilton from $177.00 to $171.00 and set an “overweight” rating on the stock in a 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 stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $161.78.

Booz Allen Hamilton Trading Down 1.3 %

The company’s fifty day moving average price is $136.94 and its 200-day moving average price is $151.15. The stock has a market cap of $16.25 billion, a price-to-earnings ratio of 19.97, a P/E/G ratio of 1.72 and a beta of 0.55. The company has a debt-to-equity ratio of 2.76, a current ratio of 1.56 and a quick ratio of 1.56.

Hedge Funds Weigh In On Booz Allen Hamilton

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BAH. Millennium Management LLC increased its holdings in shares of Booz Allen Hamilton by 91.6% in the second quarter. Millennium Management LLC now owns 367,645 shares of the business services provider’s stock valued at $56,581,000 after purchasing an additional 175,795 shares during the period. Mackenzie Financial Corp raised its position in Booz Allen Hamilton by 104.7% during the 2nd quarter. Mackenzie Financial Corp now owns 12,654 shares of the business services provider’s stock worth $1,947,000 after buying an additional 6,471 shares during the last quarter. Susquehanna Fundamental Investments LLC purchased a new position in Booz Allen Hamilton during the 2nd quarter worth approximately $2,518,000. Algert Global LLC acquired a new stake in Booz Allen Hamilton during the 2nd quarter valued at approximately $434,000. Finally, Creative Planning boosted its holdings in shares of Booz Allen Hamilton by 16.7% in the 2nd quarter. Creative Planning now owns 6,727 shares of the business services provider’s stock valued at $1,035,000 after acquiring an additional 962 shares during the last quarter. Hedge funds and other 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.