Booz Allen Hamilton (NYSE:BAH) Stock Rating Lowered by StockNews.com

Booz Allen Hamilton (NYSE:BAH) was downgraded by research analysts at StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Wednesday.

A number of other analysts have also commented on the company. Wells Fargo & Company raised Booz Allen Hamilton from an “equal weight” rating to an “overweight” rating and decreased their price objective for the company from $168.00 to $165.00 in a research note on Monday, July 29th. Barclays decreased their price target on shares of Booz Allen Hamilton from $153.00 to $142.00 and set an “underweight” rating on the stock in a research note on Tuesday, July 30th. TD Cowen cut their price objective on shares of Booz Allen Hamilton from $185.00 to $165.00 and set a “buy” rating for the company in a research report on Monday, July 29th. JPMorgan Chase & Co. raised their target price on shares of Booz Allen Hamilton from $136.00 to $154.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 10th. Finally, Jefferies Financial Group lifted their target price on shares of Booz Allen Hamilton from $180.00 to $185.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $159.33.

Booz Allen Hamilton Trading Down 0.2 %

Shares of BAH opened at $159.57 on Wednesday. Booz Allen Hamilton has a twelve month low of $108.58 and a twelve month high of $164.43. 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 firm has a market capitalization of $20.61 billion, a P/E ratio of 34.69, a PEG ratio of 2.30 and a beta of 0.59. The firm’s 50-day moving average is $152.31 and its two-hundred day moving average is $151.00.

Booz Allen Hamilton (NYSE:BAH) last posted its earnings results on Friday, July 26th. The business services provider reported $1.38 EPS for the quarter, missing analysts’ consensus estimates of $1.52 by ($0.14). Booz Allen Hamilton had a return on equity of 65.80% and a net margin of 5.57%. The firm had revenue of $2.94 billion for the quarter, compared to analysts’ expectations of $2.92 billion. On average, research analysts predict that Booz Allen Hamilton will post 5.96 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Matthew Calderone sold 3,865 shares of the firm’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $160.00, for a total transaction of $618,400.00. Following the completion of the sale, the chief financial officer now directly owns 33,683 shares of the company’s stock, valued at approximately $5,389,280. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Booz Allen Hamilton news, Director Melody C. Barnes sold 1,041 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $143.31, for a total value of $149,185.71. Following the transaction, the director now directly owns 18,123 shares of the company’s stock, valued at approximately $2,597,207.13. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Matthew Calderone sold 3,865 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $160.00, for a total transaction of $618,400.00. Following the sale, the chief financial officer now directly owns 33,683 shares of the company’s stock, valued at approximately $5,389,280. The disclosure for this sale can be found here. 1.59% of the stock is owned by company insiders.

Hedge Funds Weigh In On Booz Allen Hamilton

A number of hedge funds have recently bought and sold shares of the company. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Booz Allen Hamilton during the second quarter worth $3,601,000. Sanctuary Advisors LLC acquired a new stake in shares of Booz Allen Hamilton during the second quarter worth $2,289,000. Point72 Asset Management L.P. bought a new position in shares of Booz Allen Hamilton in the 2nd quarter worth about $439,000. Quarry LP boosted its holdings in shares of Booz Allen Hamilton by 69.5% in the 2nd quarter. Quarry LP now owns 1,185 shares of the business services provider’s stock valued at $182,000 after buying an additional 486 shares during the period. Finally, Creative Planning grew its position in shares of Booz Allen Hamilton by 16.7% during the 2nd quarter. Creative Planning now owns 6,727 shares of the business services provider’s stock valued at $1,035,000 after buying an additional 962 shares during the last quarter. 91.82% of the stock is currently owned by institutional investors and hedge funds.

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.