Bowman Consulting Group Ltd. (NASDAQ:BWMN) Receives $34.17 Consensus Target Price from Analysts

Shares of Bowman Consulting Group Ltd. (NASDAQ:BWMN - Get Free Report) have been assigned a consensus rating of "Buy" from the five analysts that are presently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $34.17.

A number of research analysts recently issued reports on the company. Robert W. Baird lifted their target price on Bowman Consulting Group from $28.00 to $29.00 and gave the company an "outperform" rating in a report on Thursday, May 8th. Wall Street Zen raised Bowman Consulting Group from a "hold" rating to a "buy" rating in a report on Saturday. Bank of America dropped their target price on Bowman Consulting Group from $36.50 to $30.50 and set a "buy" rating on the stock in a report on Wednesday, March 12th. Finally, B. Riley raised Bowman Consulting Group to a "strong-buy" rating in a report on Tuesday, March 18th.

Institutional Investors Weigh In On Bowman Consulting Group

Several hedge funds have recently made changes to their positions in BWMN. SG Americas Securities LLC acquired a new stake in shares of Bowman Consulting Group during the fourth quarter worth about $147,000. Swedbank AB acquired a new stake in shares of Bowman Consulting Group during the fourth quarter worth about $4,990,000. Rhumbline Advisers boosted its stake in shares of Bowman Consulting Group by 7.6% during the fourth quarter. Rhumbline Advisers now owns 17,984 shares of the company's stock worth $449,000 after buying an additional 1,277 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Bowman Consulting Group by 1.9% during the fourth quarter. Bank of New York Mellon Corp now owns 32,031 shares of the company's stock worth $799,000 after buying an additional 586 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Bowman Consulting Group by 3.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 40,039 shares of the company's stock worth $999,000 after buying an additional 1,331 shares during the period. Institutional investors and hedge funds own 63.20% of the company's stock.

Bowman Consulting Group Price Performance

BWMN traded down $0.53 during trading on Friday, reaching $24.94. The company's stock had a trading volume of 21,883 shares, compared to its average volume of 93,197. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.16. The firm has a fifty day simple moving average of $23.22 and a two-hundred day simple moving average of $24.07. Bowman Consulting Group has a 1 year low of $17.90 and a 1 year high of $36.65. The company has a market cap of $429.79 million, a price-to-earnings ratio of -31.57 and a beta of 1.24.

Bowman Consulting Group (NASDAQ:BWMN - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.10 by ($0.21). Bowman Consulting Group had a negative net margin of 2.62% and a positive return on equity of 3.76%.

Bowman Consulting Group Company Profile

Bowman Consulting Group Ltd. provides a range of real estate, energy, infrastructure, and environmental management solutions in the United States. It offers civil and site engineering services, such as conceptual land planning, environmental consulting and permitting, planning/zoning and entitlements, roadway and highway designs, erosion and sediment designs, stormwater management designs, construction administration, traffic studies, floodplain studies, and utility relocation designs; and commissioning and energy efficiency services comprise construction observation, direct systems functional performance testing, system development readiness checklist, post occupancy review, review of construction documents, deferred/seasonal functional testing, final commissioning report, and commissioning review of submittals.