Brokerages Set Bowman Consulting Group Ltd. (NASDAQ:BWMN) Target Price at $34.17

Bowman Consulting Group Ltd. (NASDAQ:BWMN - Get Free Report) has been given a consensus rating of "Buy" by the five ratings firms that are covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $34.17.

Several research analysts recently weighed in on BWMN shares. Wall Street Zen upgraded shares of Bowman Consulting Group from a "hold" rating to a "buy" rating in a research report on Saturday, May 24th. Robert W. Baird upped their target price on shares of Bowman Consulting Group from $28.00 to $29.00 and gave the company an "outperform" rating in a research report on Thursday, May 8th. Bank of America dropped their target price on shares of Bowman Consulting Group from $36.50 to $30.50 and set a "buy" rating for the company in a research report on Wednesday, March 12th. Finally, B. Riley upgraded shares of Bowman Consulting Group to a "strong-buy" rating in a research report on Tuesday, March 18th.

Hedge Funds Weigh In On Bowman Consulting Group

Institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Bowman Consulting Group by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 800,748 shares of the company's stock valued at $19,979,000 after buying an additional 13,198 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of Bowman Consulting Group by 1.9% in the 4th quarter. Bank of New York Mellon Corp now owns 32,031 shares of the company's stock valued at $799,000 after buying an additional 586 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Bowman Consulting Group by 3.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 40,039 shares of the company's stock valued at $999,000 after buying an additional 1,331 shares during the period. Comerica Bank grew its holdings in shares of Bowman Consulting Group by 12.8% in the 4th quarter. Comerica Bank now owns 10,781 shares of the company's stock valued at $269,000 after buying an additional 1,220 shares during the period. Finally, Rhumbline Advisers grew its holdings in shares of Bowman Consulting Group by 7.6% in the 4th quarter. Rhumbline Advisers now owns 17,984 shares of the company's stock valued at $449,000 after buying an additional 1,277 shares during the period. Institutional investors and hedge funds own 63.20% of the company's stock.

Bowman Consulting Group Trading Up 2.3%

BWMN stock traded up $0.58 during trading on Friday, hitting $25.39. The company had a trading volume of 69,787 shares, compared to its average volume of 93,343. 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 50-day moving average price of $23.24 and a 200-day moving average price of $24.07. Bowman Consulting Group has a 12 month low of $17.90 and a 12 month high of $36.65. The stock has a market cap of $437.55 million, a price-to-earnings ratio of -32.14 and a beta of 1.24.

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

About Bowman Consulting Group

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.