Booz Allen Hamilton (NYSE:BAH) Given New $185.00 Price Target at Truist Financial

Booz Allen Hamilton (NYSE:BAH) had its price target hoisted by equities research analysts at Truist Financial from $165.00 to $185.00 in a note issued to investors on Monday, Benzinga reports. The firm currently has a “hold” rating on the business services provider’s stock. Truist Financial’s price objective points to a potential downside of 0.59% from the stock’s current price.

BAH has been the subject of several other reports. JPMorgan Chase & Co. lowered Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and boosted their target price for the stock from $154.00 to $158.00 in a research report on Wednesday, October 2nd. StockNews.com lowered Booz Allen Hamilton from a “hold” rating to a “sell” rating in a research report on Tuesday, October 22nd. TD Cowen decreased their target price on Booz Allen Hamilton from $185.00 to $165.00 and set a “buy” rating for the company in a research report on Monday, July 29th. Wells Fargo & Company boosted their target price on Booz Allen Hamilton from $165.00 to $185.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 1st. Finally, Barclays decreased their target price on Booz Allen Hamilton from $153.00 to $142.00 and set an “underweight” rating for the company in a research report on Tuesday, July 30th. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Booz Allen Hamilton presently has a consensus rating of “Hold” and a consensus price target of $173.25.

Booz Allen Hamilton Price Performance

Shares of BAH stock opened at $186.09 on Monday. The stock has a 50-day moving average price of $158.82 and a 200 day moving average price of $153.55. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 3.07. The firm has a market cap of $24.07 billion, a price-to-earnings ratio of 40.45, a PEG ratio of 2.33 and a beta of 0.59. Booz Allen Hamilton has a 12 month low of $116.60 and a 12 month high of $189.13.

Booz Allen Hamilton (NYSE:BAH) last announced its quarterly earnings data on Friday, July 26th. The business services provider reported $1.38 EPS for the quarter, missing analysts’ consensus estimates of $1.52 by ($0.14). The firm had revenue of $2.94 billion during the quarter, compared to analyst estimates of $2.92 billion. Booz Allen Hamilton had a return on equity of 65.80% and a net margin of 5.57%. Research analysts expect that Booz Allen Hamilton will post 5.97 EPS for the current year.

Insider Buying and Selling at Booz Allen Hamilton

In other Booz Allen Hamilton news, Director Melody C. Barnes sold 1,041 shares of Booz Allen Hamilton stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $143.31, for a total value of $149,185.71. Following the transaction, the director now owns 18,123 shares of the company’s stock, valued at approximately $2,597,207.13. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CFO Matthew Calderone sold 3,865 shares of the business’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $160.00, for a total value of $618,400.00. Following the sale, the chief financial officer now owns 33,683 shares of the company’s stock, valued at $5,389,280. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Melody C. Barnes sold 1,041 shares of the business’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $143.31, for a total transaction of $149,185.71. Following the completion of the sale, the director now directly owns 18,123 shares in the company, valued at approximately $2,597,207.13. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.59% of the company’s stock.

Institutional Trading of Booz Allen Hamilton

Institutional investors have recently made changes to their positions in the business. First Horizon Advisors Inc. increased its holdings in Booz Allen Hamilton by 4.5% during the second quarter. First Horizon Advisors Inc. now owns 1,596 shares of the business services provider’s stock worth $246,000 after buying an additional 69 shares during the last quarter. X Square Capital LLC increased its holdings in Booz Allen Hamilton by 0.7% during the second quarter. X Square Capital LLC now owns 10,509 shares of the business services provider’s stock worth $1,617,000 after buying an additional 72 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its holdings in Booz Allen Hamilton by 13.0% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 685 shares of the business services provider’s stock worth $111,000 after buying an additional 79 shares during the last quarter. CIBC Asset Management Inc increased its holdings in shares of Booz Allen Hamilton by 1.9% in the second quarter. CIBC Asset Management Inc now owns 4,448 shares of the business services provider’s stock valued at $685,000 after purchasing an additional 82 shares during the last quarter. Finally, Strategic Blueprint LLC increased its holdings in shares of Booz Allen Hamilton by 7.6% in the third quarter. Strategic Blueprint LLC now owns 1,647 shares of the business services provider’s stock valued at $268,000 after purchasing an additional 116 shares during the last quarter. Institutional investors 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.