Booz Allen Hamilton (NYSE:BAH) Raised to Equal Weight at Barclays

Booz Allen Hamilton (NYSE:BAH) was upgraded by investment analysts at Barclays from an “underweight” rating to an “equal weight” rating in a research note issued to investors on Monday, MarketBeat Ratings reports. The firm currently has a $140.00 target price on the business services provider’s stock. Barclays‘s price objective points to a potential upside of 8.25% from the company’s current price.

Several other brokerages have also issued reports on BAH. StockNews.com lowered shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research note on Thursday, December 5th. UBS Group began 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. Truist Financial dropped their price target on Booz Allen Hamilton from $185.00 to $155.00 and set a “hold” rating on the stock in a research report on Friday, November 22nd. JPMorgan Chase & Co. cut Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and lifted their price objective for the company from $154.00 to $158.00 in a research note on Wednesday, October 2nd. Finally, The Goldman Sachs Group dropped their target price on Booz Allen Hamilton from $210.00 to $158.00 and set a “buy” rating on the stock in a report on Thursday, December 12th. One analyst has rated the stock with a sell rating, five have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $163.56.

Booz Allen Hamilton Price Performance

Shares of BAH stock opened at $129.33 on Monday. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 2.76. The stock has a market cap of $16.52 billion, a price-to-earnings ratio of 20.30, a PEG ratio of 1.62 and a beta of 0.55. The business’s fifty day moving average is $147.82 and its 200 day moving average is $153.23. Booz Allen Hamilton has a twelve month low of $124.04 and a twelve month high of $190.59.

Insiders Place Their Bets

In other news, EVP Richard Crowe sold 4,243 shares of the firm’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $165.00, for a total value of $700,095.00. Following the transaction, the executive vice president now directly owns 25,496 shares in the company, valued at $4,206,840. This trade represents a 14.27 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Matthew Calderone sold 4,065 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 $670,725.00. Following the sale, the chief financial officer now owns 29,618 shares of the company’s stock, valued at approximately $4,886,970. This trade represents a 12.07 % decrease in their position. The disclosure for this sale can be found here. 1.59% of the stock is owned by insiders.

Institutional Investors Weigh In On Booz Allen Hamilton

A number of large investors have recently made changes to their positions in BAH. Cumberland Partners Ltd boosted its holdings in shares of Booz Allen Hamilton by 39.5% in the third quarter. Cumberland Partners Ltd now owns 51,675 shares of the business services provider’s stock worth $8,411,000 after buying an additional 14,620 shares during the last quarter. Toronto Dominion Bank raised its position in Booz Allen Hamilton by 29.6% in the third quarter. Toronto Dominion Bank now owns 16,909 shares of the business services provider’s stock worth $2,752,000 after acquiring an additional 3,863 shares during the period. Eagle Asset Management Inc. boosted its stake in shares of 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 acquiring an additional 32,897 shares during the last quarter. Stifel Financial Corp grew its position in shares of Booz Allen Hamilton by 23.5% during the 3rd quarter. Stifel Financial Corp now owns 119,072 shares of the business services provider’s stock valued at $19,381,000 after acquiring an additional 22,690 shares during the period. Finally, Zacks Investment Management purchased a new stake in shares of Booz Allen Hamilton in the 3rd quarter worth $15,152,000. 91.82% of the stock is currently owned by 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.