Wall Street Zen Upgrades Bowman Consulting Group (NASDAQ:BWMN) to Buy

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

Several other analysts have also commented on BWMN. B. Riley upgraded shares of Bowman Consulting Group to a "strong-buy" rating in a research report on Tuesday, March 18th. Bank of America cut their price target on Bowman Consulting Group from $36.50 to $30.50 and set a "buy" rating for the company in a report on Wednesday, March 12th. Finally, Robert W. Baird upped their price objective on Bowman Consulting Group from $28.00 to $29.00 and gave the stock an "outperform" rating in a report on Thursday, May 8th. Four equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $34.17.

Bowman Consulting Group Stock Performance

NASDAQ BWMN traded up $0.34 on Friday, hitting $25.15. 829 shares of the company's stock were exchanged, compared to its average volume of 92,965. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.43 and a quick ratio of 1.43. The firm's 50-day moving average price is $23.23 and its two-hundred day moving average price is $24.07. Bowman Consulting Group has a fifty-two week low of $17.90 and a fifty-two week high of $36.65. The firm has a market cap of $433.32 million, a price-to-earnings ratio of -31.83 and a beta of 1.24.

Bowman Consulting Group (NASDAQ:BWMN - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported ($0.11) EPS 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%.

Hedge Funds Weigh In On Bowman Consulting Group

A number of hedge funds and other institutional investors have recently bought and sold shares of BWMN. BNP Paribas Financial Markets bought a new stake in shares of Bowman Consulting Group during the fourth quarter valued at approximately $42,000. Brooklyn Investment Group bought a new stake in shares of Bowman Consulting Group during the first quarter valued at approximately $45,000. GAMMA Investing LLC raised its holdings in shares of Bowman Consulting Group by 1,856.3% during the first quarter. GAMMA Investing LLC now owns 4,519 shares of the company's stock valued at $99,000 after buying an additional 4,288 shares during the last quarter. NBC Securities Inc. raised its position in shares of Bowman Consulting Group by 100,080.0% during the 1st quarter. NBC Securities Inc. now owns 5,009 shares of the company's stock worth $109,000 after buying an additional 5,004 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of Bowman Consulting Group during the 4th quarter worth about $147,000. 63.20% of the stock is currently owned by institutional investors and hedge funds.

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.