Booz Allen Hamilton (NYSE:BAH) Stock Rating Upgraded by Barclays

Booz Allen Hamilton (NYSE:BAH - Get Free Report) was upgraded by equities research analysts at Barclays from an "underweight" rating to an "equal weight" rating in a research report issued on Monday, Marketbeat.com reports. The firm currently has a $140.00 target price on the business services provider's stock. Barclays's target price would suggest a potential upside of 6.99% from the stock's current price.

Several other research firms have also issued reports on BAH. StockNews.com lowered Booz Allen Hamilton from a "buy" rating to a "hold" rating in a report on Thursday, December 5th. UBS Group initiated coverage on shares of Booz Allen Hamilton in a report on Monday, December 2nd. They issued a "neutral" rating and a $159.00 target price on the stock. TD Cowen upgraded shares of Booz Allen Hamilton to a "strong-buy" rating in a research report on Thursday, December 19th. JPMorgan Chase & Co. lowered shares of Booz Allen Hamilton from a "neutral" rating to an "underweight" rating and increased their price target for the stock from $154.00 to $158.00 in a research report on Wednesday, October 2nd. Finally, The Goldman Sachs Group lowered their price objective on shares of Booz Allen Hamilton from $210.00 to $158.00 and set a "buy" rating for the company in a research report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $163.56.

Booz Allen Hamilton Stock Performance

Shares of NYSE:BAH traded down $1.08 on Monday, reaching $130.85. 1,588,428 shares of the company's stock were exchanged, compared to its average volume of 1,769,728. Booz Allen Hamilton has a twelve month low of $124.04 and a twelve month high of $190.59. The company has a fifty day moving average of $148.92 and a 200-day moving average of $153.41. The company has a market capitalization of $16.72 billion, a price-to-earnings ratio of 20.54, a PEG ratio of 1.62 and a beta of 0.55. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 2.76.

Insider Activity at Booz Allen Hamilton

In related news, CFO Matthew Calderone sold 4,065 shares of the business's stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $165.00, for a total value of $670,725.00. Following the sale, the chief financial officer now owns 29,618 shares of the company's stock, valued at $4,886,970. The trade was a 12.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Richard Crowe sold 4,243 shares of the stock in a transaction 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 sale, the executive vice president now owns 25,496 shares of the company's stock, valued at $4,206,840. The trade was a 14.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.59% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Booz Allen Hamilton

Several institutional investors and hedge funds have recently made changes to their positions in BAH. Peterson Financial Group Inc. acquired a new stake in Booz Allen Hamilton during the 3rd quarter valued at approximately $31,000. Gilliland Jeter Wealth Management LLC acquired a new stake in shares of Booz Allen Hamilton during the third quarter worth $45,000. Kennebec Savings Bank bought a new position in Booz Allen Hamilton during the third quarter worth $60,000. Ashton Thomas Private Wealth LLC acquired a new position in Booz Allen Hamilton in the second quarter valued at $83,000. Finally, Covestor Ltd boosted its position in Booz Allen Hamilton by 87.2% during the third quarter. Covestor Ltd now owns 629 shares of the business services provider's stock valued at $103,000 after acquiring an additional 293 shares during the last quarter. Institutional investors and hedge funds 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.