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

Booz Allen Hamilton (NYSE:BAH) had its price target cut by stock 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 price target points to a potential upside of 7.76% from the company’s previous close.

A number of other equities research analysts have also recently commented on the stock. The Goldman Sachs Group reissued a “neutral” rating and set a $109.00 target price (down previously from $150.00) on shares of Booz Allen Hamilton in a research report on Friday, April 11th. William Blair cut Booz Allen Hamilton from an “outperform” rating to a “market perform” rating in a research report on Friday, February 21st. Cantor Fitzgerald raised Booz Allen Hamilton to a “strong-buy” rating in a research report on Tuesday, February 25th. Raymond James raised Booz Allen Hamilton from a “market perform” rating to an “outperform” rating and set a $150.00 price target for the company in a report on Monday, February 3rd. Finally, TD Cowen cut their price objective on shares of Booz Allen Hamilton from $200.00 to $155.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Booz Allen Hamilton presently has a consensus rating of “Hold” and a consensus target price of $146.45.

Booz Allen Hamilton Stock Up 1.0 %

Booz Allen Hamilton stock opened at $111.36 on Tuesday. Booz Allen Hamilton has a twelve month low of $101.05 and a twelve month high of $190.59. The business has a fifty day moving average of $111.24 and a two-hundred day moving average of $135.53. The firm has a market cap of $14.10 billion, a P/E ratio of 16.60, a P/E/G ratio of 1.25 and a beta of 0.58. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 2.72.

Booz Allen Hamilton (NYSE:BAH) last issued its quarterly earnings data 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 return on equity of 68.97% and a net margin of 7.39%. On average, analysts forecast that Booz Allen Hamilton will post 6.44 earnings per share for the current fiscal year.

Institutional Trading of Booz Allen Hamilton

A number of hedge funds and other institutional investors have recently made changes to their positions in BAH. GW&K Investment Management LLC boosted its holdings in Booz Allen Hamilton by 0.7% in the fourth quarter. GW&K Investment Management LLC now owns 461,517 shares of the business services provider’s stock valued at $59,397,000 after purchasing an additional 3,435 shares during the last quarter. Versor Investments LP purchased a new stake in shares of Booz Allen Hamilton in the fourth quarter worth about $933,000. FIL Ltd grew its holdings in Booz Allen Hamilton by 63.3% during the fourth quarter. FIL Ltd now owns 153,343 shares of the business services provider’s stock worth $19,735,000 after acquiring an additional 59,440 shares during the period. Bridges Investment Management Inc. raised its position in Booz Allen Hamilton by 19.2% during the fourth quarter. Bridges Investment Management Inc. now owns 117,661 shares of the business services provider’s stock valued at $15,143,000 after acquiring an additional 18,930 shares in the last quarter. Finally, Cumberland Partners Ltd lifted its holdings in Booz Allen Hamilton by 92.2% in the fourth quarter. Cumberland Partners Ltd now owns 99,330 shares of the business services provider’s stock valued at $12,784,000 after acquiring an additional 47,655 shares during the period. Institutional investors and hedge funds own 91.82% of the company’s stock.

About Booz Allen Hamilton

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.