Truist Financial Lowers Booz Allen Hamilton (NYSE:BAH) Price Target to $110.00

Booz Allen Hamilton (NYSE:BAH - Get Free Report) had its target price decreased by equities researchers at Truist Financial from $142.00 to $110.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has a "hold" rating on the business services provider's stock. Truist Financial's price objective suggests a potential downside of 3.25% from the stock's previous close.

A number of other research analysts have also recently issued reports on the stock. Barclays raised shares of Booz Allen Hamilton from an "underweight" rating to an "equal weight" rating and set a $140.00 target price for the company in a report on Monday, January 6th. William Blair cut Booz Allen Hamilton from an "outperform" rating to a "market perform" rating in a research report on Friday, February 21st. JPMorgan Chase & Co. lowered their price objective on shares of Booz Allen Hamilton from $142.00 to $140.00 and set an "underweight" rating on the stock in a research note on Monday, February 3rd. Raymond James upgraded shares of Booz Allen Hamilton from a "market perform" rating to an "outperform" rating and set a $150.00 price target on the stock in a research report on Monday, February 3rd. Finally, Wells Fargo & Company reduced their target price on Booz Allen Hamilton from $164.00 to $148.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Booz Allen Hamilton currently has a consensus rating of "Hold" and a consensus price target of $146.45.

Booz Allen Hamilton Stock Up 2.2 %

Shares of Booz Allen Hamilton stock traded up $2.41 during trading hours on Monday, hitting $113.70. The company had a trading volume of 1,581,894 shares, compared to its average volume of 1,482,695. The company's 50-day moving average is $110.96 and its two-hundred day moving average is $135.19. Booz Allen Hamilton has a twelve month low of $101.05 and a twelve month high of $190.59. The company has a market cap of $14.40 billion, a P/E ratio of 16.94, a price-to-earnings-growth ratio of 1.25 and a beta of 0.58. The company has a debt-to-equity ratio of 2.72, a current ratio of 1.57 and a quick ratio of 1.57.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last issued its quarterly earnings results on Friday, January 31st. The business services provider reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.48 by $0.07. Booz Allen Hamilton had a return on equity of 68.97% and a net margin of 7.39%. Analysts anticipate that Booz Allen Hamilton will post 6.44 earnings per share for the current fiscal year.

Institutional Trading of Booz Allen Hamilton

Institutional investors and hedge funds have recently bought and sold shares of the stock. Norges Bank acquired a new stake in Booz Allen Hamilton during the 4th quarter valued at $196,578,000. Raymond James Financial Inc. purchased a new stake in shares of Booz Allen Hamilton in the fourth quarter worth approximately $173,055,000. Janus Henderson Group PLC boosted its holdings in shares of Booz Allen Hamilton by 179.7% during the fourth quarter. Janus Henderson Group PLC now owns 1,767,129 shares of the business services provider's stock worth $227,425,000 after purchasing an additional 1,135,426 shares during the period. Man Group plc lifted its position in Booz Allen Hamilton by 2,293.2% in the 4th quarter. Man Group plc now owns 1,128,389 shares of the business services provider's stock worth $145,224,000 after buying an additional 1,081,239 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake in shares of Booz Allen Hamilton by 61.4% during the 4th quarter. Bank of America Corp DE now owns 1,552,217 shares of the business services provider's stock valued at $199,770,000 after buying an additional 590,655 shares during the period. 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.