JPMorgan Chase & Co. Lowers Booz Allen Hamilton (NYSE:BAH) Price Target to $120.00
JPMorgan Chase & Co. has lowered its price target for Booz Allen Hamilton (NYSE:BAH) from $140.00 to $120.00, maintaining an "underweight" rating. This adjustment suggests a potential upside of 6.80% from the stock's previous close. Other firms have also revised their ratings, with Truist Financial setting a target of $110.00 and William Blair downgrading to "market perform." The consensus rating for Booz Allen Hamilton remains "Hold" with a target price of $146.45. The stock opened at $112.36, with a market cap of $14.23 billion and a PE ratio of 16.75.
Booz Allen Hamilton (NYSE:BAH - Get Free Report) had its price objective reduced by research analysts at JPMorgan Chase & Co. from $140.00 to $120.00 in a research note issued to 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 would indicate a potential upside of 6.80% from the stock's previous close.
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A number of other research firms have also recently weighed in on BAH. Truist Financial cut their price target on Booz Allen Hamilton from $142.00 to $110.00 and set a "hold" rating for the company in a report on Monday. William Blair lowered shares of Booz Allen Hamilton from an "outperform" rating to a "market perform" rating in a report on Friday, February 21st. Barclays upgraded shares of Booz Allen Hamilton from an "underweight" rating to an "equal weight" rating and set a $140.00 price target for the company in a report on Monday, January 6th. The Goldman Sachs Group reissued a "neutral" rating and set a $109.00 price objective (down previously from $150.00) on shares of Booz Allen Hamilton in a research note on Friday. Finally, Cantor Fitzgerald raised shares of Booz Allen Hamilton to a "strong-buy" rating in a research note on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Booz Allen Hamilton has a consensus rating of "Hold" and a consensus target price of $146.45.
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Booz Allen Hamilton Stock Performance
- Will Positive Earnings Change the Trajectory of Booz Allen Hamilton Stock?
Shares of BAH stock opened at $112.36 on Tuesday. The stock has a fifty day moving average price of $111.95 and a 200 day moving average price of $135.88. The company has a debt-to-equity ratio of 2.72, a quick ratio of 1.57 and a current ratio of 1.57. The stock has a market cap of $14.23 billion, a PE ratio of 16.75, a P/E/G ratio of 1.25 and a beta of 0.58. Booz Allen Hamilton has a 1 year low of $101.05 and a 1 year high of $190.59.
Booz Allen Hamilton (NYSE:BAH - Get Free Report) last posted its 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 net margin of 7.39% and a return on equity of 68.97%. Sell-side 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 institutional investors have recently modified their holdings of the company. Moody Aldrich Partners LLC raised its stake in shares of Booz Allen Hamilton by 4.7% in the 4th quarter. Moody Aldrich Partners LLC now owns 1,660 shares of the business services provider's stock worth $214,000 after buying an additional 74 shares in the last quarter. Bleakley Financial Group LLC grew its stake in shares of Booz Allen Hamilton by 4.3% in the 4th quarter. Bleakley Financial Group LLC now owns 1,816 shares of the business services provider's stock valued at $234,000 after buying an additional 75 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. raised its holdings in shares of Booz Allen Hamilton by 2.0% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 4,160 shares of the business services provider's stock valued at $535,000 after purchasing an additional 82 shares in the last quarter. M&T Bank Corp lifted its stake in shares of Booz Allen Hamilton by 0.9% in the 4th quarter. M&T Bank Corp now owns 10,171 shares of the business services provider's stock valued at $1,309,000 after purchasing an additional 88 shares during the last quarter. Finally, Verdence Capital Advisors LLC boosted its holdings in Booz Allen Hamilton by 0.5% in the fourth quarter. Verdence Capital Advisors LLC now owns 16,579 shares of the business services provider's stock worth $2,134,000 after purchasing an additional 90 shares in the last quarter. Hedge funds and other institutional investors own 91.82% of the company's stock.
About Booz Allen Hamilton
(Get Free Report)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.
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