Bowman Consulting Group (NASDAQ:BWMN) Stock Rating Upgraded by Wall Street Zen

Wall Street Zen upgraded shares of Bowman Consulting Group (NASDAQ:BWMN - Free Report) from a hold rating to a buy rating in a report issued on Saturday.

Several other equities analysts have also weighed in on the company. Robert W. Baird increased their target price on Bowman Consulting Group from $28.00 to $29.00 and gave the company an "outperform" rating in a research note on Thursday, May 8th. Bank of America cut their target price on Bowman Consulting Group from $36.50 to $30.50 and set a "buy" rating on the stock in a research note on Wednesday, March 12th. Finally, B. Riley raised Bowman Consulting Group to a "strong-buy" rating in a research note on Tuesday, March 18th. Four investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Buy" and an average price target of $34.17.

Bowman Consulting Group Trading Up 2.3%

Shares of BWMN traded up $0.58 during trading hours on Friday, hitting $25.39. 69,787 shares of the stock traded hands, compared to its average volume of 93,343. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.16. Bowman Consulting Group has a 1-year low of $17.90 and a 1-year high of $36.65. The firm has a market capitalization of $437.55 million, a PE ratio of -32.14 and a beta of 1.24. The business has a fifty day moving average of $23.24 and a 200-day moving average of $24.07.

Bowman Consulting Group (NASDAQ:BWMN - Get Free Report) last released its earnings results 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 negative net margin of 2.62% and a positive return on equity of 3.76%.

Hedge Funds Weigh In On Bowman Consulting Group

Several institutional investors have recently modified their holdings of the business. Rhumbline Advisers lifted its holdings in shares of Bowman Consulting Group by 4.7% during the 1st quarter. Rhumbline Advisers now owns 18,829 shares of the company's stock valued at $411,000 after purchasing an additional 845 shares in the last quarter. Jane Street Group LLC bought a new position in shares of Bowman Consulting Group during the 1st quarter valued at about $287,000. Goldman Sachs Group Inc. lifted its holdings in shares of Bowman Consulting Group by 4.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 50,176 shares of the company's stock valued at $1,095,000 after purchasing an additional 2,203 shares in the last quarter. Polar Asset Management Partners Inc. lifted its holdings in shares of Bowman Consulting Group by 3.6% during the 1st quarter. Polar Asset Management Partners Inc. now owns 451,029 shares of the company's stock valued at $9,846,000 after purchasing an additional 15,481 shares in the last quarter. Finally, Royal Bank of Canada raised its position in Bowman Consulting Group by 51.0% in the 1st quarter. Royal Bank of Canada now owns 48,613 shares of the company's stock valued at $1,061,000 after buying an additional 16,421 shares during the last quarter. Institutional investors own 63.20% of the company's stock.

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.