Wells Fargo & Company Boosts Booz Allen Hamilton (NYSE:BAH) Price Target to $206.00

Booz Allen Hamilton (NYSE:BAH - Get Free Report) had its price objective upped by equities researchers at Wells Fargo & Company from $185.00 to $206.00 in a report released on Monday, Benzinga reports. The brokerage currently has an "overweight" rating on the business services provider's stock. Wells Fargo & Company's price target suggests a potential upside of 10.75% from the stock's current price.

Several other research analysts have also recently issued reports on the company. StockNews.com cut Booz Allen Hamilton from a "hold" rating to a "sell" rating in a research report on Tuesday, October 22nd. Barclays lowered their target price on shares of Booz Allen Hamilton from $153.00 to $142.00 and set an "underweight" rating for the company in a report on Tuesday, July 30th. The Goldman Sachs Group boosted their price target on shares of Booz Allen Hamilton from $174.00 to $196.00 and gave the stock a "buy" rating in a report on Thursday, October 10th. JPMorgan Chase & Co. lowered shares of Booz Allen Hamilton from a "neutral" rating to an "underweight" rating and increased their price objective for the company from $154.00 to $158.00 in a research note on Wednesday, October 2nd. Finally, Truist Financial lifted their target price on shares of Booz Allen Hamilton from $165.00 to $185.00 and gave the stock a "hold" rating in a research report on Monday. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $175.88.

Booz Allen Hamilton Stock Up 2.2 %

NYSE BAH traded up $4.07 during mid-day trading on Monday, hitting $186.00. The company's stock had a trading volume of 1,492,356 shares, compared to its average volume of 690,267. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 3.07. The company's 50 day simple moving average is $158.82 and its 200 day simple moving average is $153.55. Booz Allen Hamilton has a twelve month low of $116.60 and a twelve month high of $189.13. The firm has a market capitalization of $24.05 billion, a price-to-earnings ratio of 39.95, a PEG ratio of 2.33 and a beta of 0.59.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last announced its quarterly earnings results on Friday, July 26th. The business services provider reported $1.38 earnings per share for the quarter, missing the consensus estimate of $1.52 by ($0.14). The business had revenue of $2.94 billion during the quarter, compared to the consensus estimate of $2.92 billion. Booz Allen Hamilton had a net margin of 5.57% and a return on equity of 65.80%. Analysts anticipate that Booz Allen Hamilton will post 5.97 earnings per share for the current year.

Insider Buying and Selling at Booz Allen Hamilton

In other news, EVP Richard Crowe sold 4,243 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 transaction of $700,095.00. Following the completion of the transaction, the executive vice president now directly owns 25,496 shares in the company, valued at $4,206,840. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, EVP Richard Crowe sold 4,243 shares of the company'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 $700,095.00. Following the completion of the transaction, the executive vice president now directly owns 25,496 shares in the company, valued at approximately $4,206,840. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Melody C. Barnes sold 1,041 shares of the firm's stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $143.31, for a total value of $149,185.71. Following the sale, the director now owns 18,123 shares in the company, valued at $2,597,207.13. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 13,214 shares of company stock valued at $2,138,406 over the last three months. 1.59% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Booz Allen Hamilton

Institutional investors and hedge funds have recently bought and sold shares of the stock. AGF Management Ltd. raised its holdings in Booz Allen Hamilton by 63.4% during the 2nd quarter. AGF Management Ltd. now owns 1,750,610 shares of the business services provider's stock valued at $269,419,000 after buying an additional 679,280 shares during the last quarter. Captrust Financial Advisors boosted its holdings in shares of Booz Allen Hamilton by 29.4% during the first quarter. Captrust Financial Advisors now owns 1,076,130 shares of the business services provider's stock worth $159,741,000 after purchasing an additional 244,391 shares during the period. Price T Rowe Associates Inc. MD grew its stake in shares of Booz Allen Hamilton by 2.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 10,406,880 shares of the business services provider's stock worth $1,544,798,000 after purchasing an additional 222,884 shares during the last quarter. Acadian Asset Management LLC increased its holdings in Booz Allen Hamilton by 184.0% during the 2nd quarter. Acadian Asset Management LLC now owns 335,463 shares of the business services provider's stock valued at $51,613,000 after purchasing an additional 217,349 shares during the period. Finally, Van ECK Associates Corp raised its position in Booz Allen Hamilton by 75.3% during the 2nd quarter. Van ECK Associates Corp now owns 465,363 shares of the business services provider's stock valued at $71,619,000 after purchasing an additional 199,871 shares during the last quarter. 91.82% of the stock is currently 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.