Booz Allen Hamilton (NYSE:BAH) Rating Lowered to Hold at StockNews.com

Booz Allen Hamilton (NYSE:BAH - Get Free Report) was downgraded by stock analysts at StockNews.com from a "buy" rating to a "hold" rating in a report released on Thursday.

Several other brokerages have also issued reports on BAH. The Goldman Sachs Group lifted their price target on Booz Allen Hamilton from $174.00 to $196.00 and gave the company a "buy" rating in a research note on Thursday, October 10th. JPMorgan Chase & Co. lowered Booz Allen Hamilton from a "neutral" rating to an "underweight" rating and lifted their price target for the company from $154.00 to $158.00 in a research note on Wednesday, October 2nd. Jefferies Financial Group lowered Booz Allen Hamilton from a "buy" rating to a "hold" rating and boosted their price objective for the stock from $180.00 to $190.00 in a research report on Monday. Wells Fargo & Company boosted their price objective on Booz Allen Hamilton from $185.00 to $206.00 and gave the stock an "overweight" rating in a research report on Monday, October 28th. Finally, Barclays boosted their price objective on Booz Allen Hamilton from $142.00 to $175.00 and gave the stock an "underweight" rating in a research report on Tuesday, October 29th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Booz Allen Hamilton currently has an average rating of "Hold" and an average price target of $180.63.

Booz Allen Hamilton Price Performance

Booz Allen Hamilton stock traded down $4.20 during mid-day trading on Thursday, reaching $175.76. 2,339,661 shares of the company were exchanged, compared to its average volume of 1,022,575. The company has a fifty day simple moving average of $163.93 and a 200-day simple moving average of $155.90. Booz Allen Hamilton has a 12 month low of $123.06 and a 12 month high of $190.59. The company has a debt-to-equity ratio of 2.76, a current ratio of 1.56 and a quick ratio of 1.56. The firm has a market cap of $22.46 billion, a PE ratio of 27.59, a PEG ratio of 2.51 and a beta of 0.58.

Insiders Place Their Bets

In other Booz Allen Hamilton news, CFO Matthew Calderone sold 3,865 shares of the business's stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $160.00, for a total transaction of $618,400.00. Following the completion of the sale, the chief financial officer now directly owns 33,683 shares of the company's stock, valued at approximately $5,389,280. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CFO Matthew Calderone sold 3,865 shares of the company's stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $160.00, for a total value of $618,400.00. Following the completion of the transaction, the chief financial officer now directly owns 33,683 shares of the company's stock, valued at $5,389,280. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Richard Crowe sold 4,243 shares of the company's stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $165.00, for a total value of $700,095.00. Following the completion of the transaction, the executive vice president now directly owns 25,496 shares of the company's stock, valued at approximately $4,206,840. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,173 shares of company stock valued at $1,989,220. Corporate insiders own 1.59% of the company's stock.

Hedge Funds Weigh In On Booz Allen Hamilton

Institutional investors have recently modified their holdings of the business. Opal Wealth Advisors LLC purchased a new position in Booz Allen Hamilton in the second quarter valued at approximately $26,000. OFI Invest Asset Management purchased a new stake in shares of Booz Allen Hamilton during the second quarter worth $29,000. Peterson Financial Group Inc. purchased a new stake in shares of Booz Allen Hamilton in the third quarter worth $31,000. Innealta Capital LLC purchased a new stake in shares of Booz Allen Hamilton in the second quarter worth $34,000. Finally, Crewe Advisors LLC purchased a new stake in shares of Booz Allen Hamilton in the first quarter worth $35,000. 91.82% of the stock is owned by institutional investors.

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.