JPMorgan Chase & Co. Lowers Booz Allen Hamilton (NYSE:BAH) Price Target to $140.00

Booz Allen Hamilton (NYSE:BAH - Free Report) had its target price reduced by JPMorgan Chase & Co. from $142.00 to $140.00 in a report released on Monday morning,Benzinga reports. They currently have an underweight rating on the business services provider's stock.

Other equities research analysts also recently issued reports about the stock. StockNews.com downgraded shares of Booz Allen Hamilton from a "buy" rating to a "hold" rating in a research note on Thursday, December 5th. Barclays upgraded Booz Allen Hamilton from an "underweight" rating to an "equal weight" rating and set a $140.00 price objective on the stock in a research report on Monday, January 6th. Jefferies Financial Group lowered Booz Allen Hamilton from a "buy" rating to a "hold" rating and lifted their price target for the company from $180.00 to $190.00 in a research note on Monday, November 4th. TD Cowen lowered their price objective on Booz Allen Hamilton from $200.00 to $155.00 and set a "buy" rating for the company in a research note on Wednesday, January 8th. Finally, The Goldman Sachs Group cut their target price on shares of Booz Allen Hamilton from $210.00 to $158.00 and set a "buy" rating on the stock in a research report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Booz Allen Hamilton has a consensus rating of "Hold" and a consensus price target of $158.80.

Booz Allen Hamilton Price Performance

Shares of NYSE BAH traded down $0.37 during mid-day trading on Monday, reaching $128.98. The company had a trading volume of 1,659,745 shares, compared to its average volume of 2,015,377. The business's 50-day simple moving average is $134.36 and its 200 day simple moving average is $149.88. The firm has a market cap of $16.48 billion, a price-to-earnings ratio of 19.22, a PEG ratio of 1.53 and a beta of 0.55. The company has a debt-to-equity ratio of 2.76, a quick ratio of 1.56 and a current ratio of 1.56. Booz Allen Hamilton has a one year low of $121.02 and a one year high of $190.59.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last issued its earnings results on Friday, January 31st. The business services provider reported $1.55 earnings per share for the quarter, beating analysts' consensus estimates of $1.48 by $0.07. Booz Allen Hamilton had a return on equity of 70.51% and a net margin of 7.39%. On average, research analysts predict that Booz Allen Hamilton will post 6.32 earnings per share for the current fiscal year.

Booz Allen Hamilton Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Friday, February 14th will be paid a $0.55 dividend. The ex-dividend date is Friday, February 14th. This is a positive change from Booz Allen Hamilton's previous quarterly dividend of $0.51. This represents a $2.20 annualized dividend and a yield of 1.71%. Booz Allen Hamilton's payout ratio is 30.40%.

Institutional Trading of Booz Allen Hamilton

Several large investors have recently modified their holdings of the stock. Geode Capital Management LLC grew its holdings in Booz Allen Hamilton by 2.5% in the third quarter. Geode Capital Management LLC now owns 2,341,533 shares of the business services provider's stock worth $381,898,000 after purchasing an additional 58,038 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Booz Allen Hamilton in the 4th quarter valued at about $173,055,000. Caisse DE Depot ET Placement DU Quebec increased its position in Booz Allen Hamilton by 28.5% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,288,101 shares of the business services provider's stock valued at $209,651,000 after buying an additional 285,621 shares in the last quarter. Eagle Asset Management Inc. raised its stake in Booz Allen Hamilton by 3.6% during the 3rd quarter. Eagle Asset Management Inc. now owns 957,300 shares of the business services provider's stock worth $155,810,000 after buying an additional 32,897 shares during the period. Finally, Van ECK Associates Corp boosted its holdings in Booz Allen Hamilton by 51.7% in the fourth quarter. Van ECK Associates Corp now owns 951,605 shares of the business services provider's stock worth $122,472,000 after acquiring an additional 324,159 shares in 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.