Booz Allen Hamilton (NYSE:BAH) Price Target Raised to $122.00

Key Points

• Booz Allen Hamilton had its price target raised from $115.00 to $122.00 by JPMorgan Chase & Co., indicating a potential upside of 13.68% from the current stock price.
• The stock is currently rated as "underweight" by JPMorgan, with an average rating of "Hold" and an average target price of $134.00 from various analysts.
• Booz Allen Hamilton's stock recently dropped 5.1%, closing at $107.32, amidst mixed earnings reports and varying target prices from different research firms.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) had its price target boosted by stock analysts at JPMorgan Chase & Co. from $115.00 to $122.00 in a report released on Monday,Benzinga reports. The brokerage presently has an "underweight" rating on the business services provider's stock. JPMorgan Chase & Co.'s price objective would indicate a potential upside of 13.68% from the company's current price.

Other research analysts also recently issued research reports about the stock. Raymond James Financial restated a "market perform" rating on shares of Booz Allen Hamilton in a research report on Friday, May 23rd. Truist Financial lowered their target price on Booz Allen Hamilton from $142.00 to $110.00 and set a "hold" rating on the stock in a report on Monday, April 14th. Wells Fargo & Company lowered their target price on Booz Allen Hamilton from $148.00 to $135.00 and set an "overweight" rating on the stock in a report on Friday, May 23rd. William Blair upgraded shares of Booz Allen Hamilton from a "market perform" rating to an "outperform" rating in a research report on Monday, July 21st. Finally, UBS Group set a $119.00 target price on shares of Booz Allen Hamilton and gave the company a "neutral" rating in a research report on Monday. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Booz Allen Hamilton currently has an average rating of "Hold" and an average target price of $134.00.

Booz Allen Hamilton Stock Down 5.1%

Shares of BAH stock traded down $5.74 during mid-day trading on Monday, hitting $107.32. The company's stock had a trading volume of 1,328,815 shares, compared to its average volume of 2,352,112. Booz Allen Hamilton has a 52-week low of $98.95 and a 52-week high of $190.59. The business has a 50-day moving average price of $107.54 and a 200 day moving average price of $114.63. The company has a debt-to-equity ratio of 3.90, a quick ratio of 1.79 and a current ratio of 1.79. The stock has a market cap of $13.33 billion, a price-to-earnings ratio of 13.19, a PEG ratio of 1.77 and a beta of 0.48.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last posted its quarterly earnings results on Friday, July 25th. The business services provider reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.45 by $0.03. The firm had revenue of $2.92 billion during the quarter, compared to analysts' expectations of $2.96 billion. Booz Allen Hamilton had a return on equity of 71.88% and a net margin of 8.70%. The company's revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.38 earnings per share. Research analysts predict that Booz Allen Hamilton will post 6.44 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Trajan Wealth LLC boosted its stake in shares of Booz Allen Hamilton by 5.8% in the fourth quarter. Trajan Wealth LLC now owns 1,679 shares of the business services provider's stock worth $216,000 after acquiring an additional 92 shares during the period. Personal CFO Solutions LLC boosted its stake in shares of Booz Allen Hamilton by 3.5% in the first quarter. Personal CFO Solutions LLC now owns 2,739 shares of the business services provider's stock worth $286,000 after acquiring an additional 92 shares during the period. Roundview Capital LLC boosted its stake in shares of Booz Allen Hamilton by 0.3% in the second quarter. Roundview Capital LLC now owns 37,258 shares of the business services provider's stock worth $3,880,000 after acquiring an additional 99 shares during the period. Raiffeisen Bank International AG boosted its stake in shares of Booz Allen Hamilton by 4.9% in the first quarter. Raiffeisen Bank International AG now owns 2,137 shares of the business services provider's stock worth $225,000 after acquiring an additional 100 shares during the period. Finally, MassMutual Private Wealth & Trust FSB boosted its stake in shares of Booz Allen Hamilton by 74.5% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 246 shares of the business services provider's stock worth $26,000 after acquiring an additional 105 shares during the period. 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.

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