Wells Fargo & Company Issues Pessimistic Forecast for Booz Allen Hamilton (NYSE:BAH) Stock Price

Booz Allen Hamilton (NYSE:BAH) had its price target cut by investment analysts at Wells Fargo & Company from $180.00 to $164.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the business services provider’s stock. Wells Fargo & Company‘s target price points to a potential upside of 47.85% from the company’s current price.

A number of other equities research analysts have also issued reports on the stock. TD Cowen dropped their price objective on shares of Booz Allen Hamilton from $200.00 to $155.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. The Goldman Sachs Group lowered their target price on shares of Booz Allen Hamilton from $210.00 to $158.00 and set a “buy” rating for the company in a research note on Thursday, December 12th. Raymond James raised shares of Booz Allen Hamilton from a “market perform” rating to an “outperform” rating and set a $150.00 target price for the company in a research note on Monday, February 3rd. Cantor Fitzgerald raised shares of Booz Allen Hamilton to a “strong-buy” rating in a research note on Tuesday. Finally, UBS Group initiated coverage on shares of Booz Allen Hamilton in a research note on Monday, December 2nd. They set a “neutral” rating and a $159.00 target price for the company. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $158.27.

Booz Allen Hamilton Price Performance

Shares of NYSE BAH opened at $110.92 on Wednesday. The firm has a 50-day simple moving average of $128.17 and a 200-day simple moving average of $147.07. The stock has a market capitalization of $14.05 billion, a price-to-earnings ratio of 16.53, a price-to-earnings-growth ratio of 1.25 and a beta of 0.55. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 2.72. Booz Allen Hamilton has a 52 week low of $106.69 and a 52 week high of $190.59.

Booz Allen Hamilton (NYSE:BAH) last announced its quarterly earnings data on Friday, January 31st. The business services provider reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.48 by $0.07. Booz Allen Hamilton had a net margin of 7.39% and a return on equity of 68.97%. On average, equities analysts predict that Booz Allen Hamilton will post 6.44 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Booz Allen Hamilton

A number of hedge funds have recently modified their holdings of the business. Capital A Wealth Management LLC purchased a new position in Booz Allen Hamilton in the 4th quarter valued at $90,000. Armis Advisers LLC purchased a new position in Booz Allen Hamilton in the 4th quarter valued at $285,000. Ascent Group LLC grew its position in Booz Allen Hamilton by 16.2% in the 4th quarter. Ascent Group LLC now owns 5,445 shares of the business services provider’s stock valued at $701,000 after buying an additional 759 shares during the last quarter. Mackenzie Financial Corp grew its position in Booz Allen Hamilton by 604.7% in the 4th quarter. Mackenzie Financial Corp now owns 44,564 shares of the business services provider’s stock valued at $5,735,000 after buying an additional 38,240 shares during the last quarter. Finally, Toronto Dominion Bank grew its position in Booz Allen Hamilton by 2.9% in the 4th quarter. Toronto Dominion Bank now owns 17,392 shares of the business services provider’s stock valued at $2,238,000 after buying an additional 483 shares during the last quarter. 91.82% of the stock is currently owned by hedge funds and other institutional investors.

Booz Allen Hamilton Company Profile

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.