Booz Allen Hamilton (NYSE:BAH) Now Covered by Analysts at Cantor Fitzgerald

Investment analysts at Cantor Fitzgerald began coverage on shares of Booz Allen Hamilton (NYSE:BAH - Get Free Report) in a note issued to investors on Friday, MarketBeat.com reports. The brokerage set an "overweight" rating and a $160.00 price target on the business services provider's stock. Cantor Fitzgerald's price objective would suggest a potential upside of 28.44% from the company's current price.

BAH has been the subject of several other research reports. Truist Financial dropped their price target on Booz Allen Hamilton from $185.00 to $155.00 and set a "hold" rating for the company in a research note on Friday, November 22nd. Raymond James upgraded shares of Booz Allen Hamilton from a "market perform" rating to an "outperform" rating and set a $150.00 price objective for the company in a report on Monday, February 3rd. JPMorgan Chase & Co. reduced their target price on shares of Booz Allen Hamilton from $142.00 to $140.00 and set an "underweight" rating on the stock in a report on Monday, February 3rd. TD Cowen reduced their price objective on Booz Allen Hamilton from $200.00 to $155.00 and set a "buy" rating on the stock in a research note on Wednesday, January 8th. Finally, Jefferies Financial Group lowered Booz Allen Hamilton from a "buy" rating to a "hold" rating and raised their price target for the stock from $180.00 to $190.00 in a research report on Monday, November 4th. One analyst has rated the stock with a sell rating, five have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $158.91.

Booz Allen Hamilton Price Performance

Booz Allen Hamilton stock traded down $3.53 during midday trading on Friday, hitting $124.57. 1,296,025 shares of the company's stock were exchanged, compared to its average volume of 1,959,267. The company has a market cap of $15.78 billion, a P/E ratio of 18.56, a PEG ratio of 1.46 and a beta of 0.55. The company has a debt-to-equity ratio of 2.72, a quick ratio of 1.56 and a current ratio of 1.57. The stock has a 50-day moving average price of $133.55 and a two-hundred day moving average price of $149.39. Booz Allen Hamilton has a 52-week low of $121.02 and a 52-week high of $190.59.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last posted its quarterly earnings data on Friday, January 31st. The business services provider reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.48 by $0.07. Booz Allen Hamilton had a net margin of 7.39% and a return on equity of 68.97%. On average, equities research analysts forecast that Booz Allen Hamilton will post 6.33 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in BAH. Fox Run Management L.L.C. lifted its position in Booz Allen Hamilton by 131.2% during the fourth quarter. Fox Run Management L.L.C. now owns 14,138 shares of the business services provider's stock valued at $1,820,000 after buying an additional 8,022 shares during the period. KLP Kapitalforvaltning AS purchased a new position in Booz Allen Hamilton during the 4th quarter valued at about $16,937,000. AXQ Capital LP bought a new stake in Booz Allen Hamilton during the fourth quarter worth about $269,000. Sei Investments Co. grew its holdings in Booz Allen Hamilton by 79.1% in the fourth quarter. Sei Investments Co. now owns 156,095 shares of the business services provider's stock worth $20,089,000 after purchasing an additional 68,949 shares during the period. Finally, Virtu Financial LLC bought a new position in shares of Booz Allen Hamilton during the fourth quarter valued at approximately $2,877,000. Hedge funds and other institutional investors own 91.82% of the company's stock.

About Booz Allen Hamilton

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.