TD Cowen Issues Pessimistic Forecast for Booz Allen Hamilton (NYSE:BAH) Stock Price

Booz Allen Hamilton (NYSE:BAH) had its price target cut by TD Cowen from $200.00 to $155.00 in a report released on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the business services provider’s stock. TD Cowen’s price objective would indicate a potential upside of 20.70% from the company’s previous close.

Other equities analysts have also issued reports about the company. Jefferies Financial Group lowered Booz Allen Hamilton from a “buy” rating to a “hold” rating and boosted their price target for the company from $180.00 to $190.00 in a research note on Monday, November 4th. Wells Fargo & Company dropped their target price on shares of Booz Allen Hamilton from $177.00 to $171.00 and set an “overweight” rating on the stock in a research report on Wednesday. StockNews.com cut shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating in a report on Thursday, December 5th. UBS Group started coverage on shares of Booz Allen Hamilton in a report on Monday, December 2nd. They set a “neutral” rating and a $159.00 price objective on the stock. Finally, The Goldman Sachs Group decreased their target price on Booz Allen Hamilton from $210.00 to $158.00 and set a “buy” rating for the company in a research report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Booz Allen Hamilton has an average rating of “Hold” and an average target price of $161.78.

Booz Allen Hamilton Trading Down 0.6 %

Shares of BAH stock traded down $0.82 during mid-day trading on Wednesday, hitting $128.42. The company’s stock had a trading volume of 608,822 shares, compared to its average volume of 1,481,870. The company has a market cap of $16.41 billion, a PE ratio of 20.16, a P/E/G ratio of 1.62 and a beta of 0.55. The company has a debt-to-equity ratio of 2.76, a quick ratio of 1.56 and a current ratio of 1.56. The company’s fifty day simple moving average is $147.82 and its 200-day simple moving average is $153.23. Booz Allen Hamilton has a 52 week low of $125.42 and a 52 week high of $190.59.

Insider Buying and Selling at Booz Allen Hamilton

In other Booz Allen Hamilton news, CFO Matthew Calderone sold 4,065 shares of Booz Allen Hamilton stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $165.00, for a total value of $670,725.00. Following the completion of the transaction, the chief financial officer now directly owns 29,618 shares of the company’s stock, valued at approximately $4,886,970. The trade was a 12.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Richard Crowe sold 4,243 shares of the firm’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $165.00, for a total transaction of $700,095.00. Following the sale, the executive vice president now directly owns 25,496 shares of the company’s stock, valued at $4,206,840. This trade represents a 14.27 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.59% of the company’s stock.

Institutional Investors Weigh In On Booz Allen Hamilton

Large investors have recently bought and sold shares of the business. AGF Management Ltd. boosted its holdings in shares of Booz Allen Hamilton by 63.4% during the 2nd quarter. AGF Management Ltd. now owns 1,750,610 shares of the business services provider’s stock valued at $269,419,000 after acquiring an additional 679,280 shares during the last quarter. Westfield Capital Management Co. LP bought a new position in Booz Allen Hamilton during the third quarter valued at approximately $48,349,000. Caisse DE Depot ET Placement DU Quebec grew its position in Booz Allen Hamilton by 28.5% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,288,101 shares of the business services provider’s stock worth $209,651,000 after purchasing an additional 285,621 shares during the period. FMR LLC raised its stake in Booz Allen Hamilton by 111.6% during the 3rd quarter. FMR LLC now owns 356,828 shares of the business services provider’s stock valued at $58,077,000 after buying an additional 188,185 shares during the last quarter. Finally, Millennium Management LLC lifted its holdings in shares of Booz Allen Hamilton by 91.6% during the 2nd quarter. Millennium Management LLC now owns 367,645 shares of the business services provider’s stock valued at $56,581,000 after buying an additional 175,795 shares during the period. 91.82% of the stock is currently owned by institutional investors.

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.