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

Booz Allen Hamilton (NYSE:BAH) had its price target decreased by Wells Fargo & Company from $180.00 to $164.00 in a research note issued to 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 would indicate a potential upside of 41.48% from the company’s previous close.

Several other equities analysts have also recently issued reports on the company. Truist Financial decreased their price objective on Booz Allen Hamilton from $185.00 to $155.00 and set a “hold” rating for the company in a report on Friday, November 22nd. TD Cowen dropped their price objective on Booz Allen Hamilton from $200.00 to $155.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. UBS Group began coverage on 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. JPMorgan Chase & Co. dropped their price objective on shares of Booz Allen Hamilton from $142.00 to $140.00 and set an “underweight” rating for the company in a research note on Monday, February 3rd. Finally, The Goldman Sachs Group lowered 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, six have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $158.27.

Booz Allen Hamilton Price Performance

BAH opened at $115.91 on Wednesday. The firm has a market capitalization of $14.68 billion, a PE ratio of 17.19, a price-to-earnings-growth ratio of 1.25 and a beta of 0.55. The company has a debt-to-equity ratio of 2.72, a current ratio of 1.57 and a quick ratio of 1.57. The business’s 50-day moving average is $128.57 and its two-hundred day moving average is $147.30. Booz Allen Hamilton has a 1 year low of $106.69 and a 1 year 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 EPS for the quarter, beating the consensus estimate of $1.48 by $0.07. Booz Allen Hamilton had a net margin of 7.39% and a return on equity of 68.97%. Research analysts anticipate that Booz Allen Hamilton will post 6.44 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Norges Bank purchased a new position in Booz Allen Hamilton during the 4th quarter valued at about $196,578,000. Raymond James Financial Inc. acquired a new position in shares of Booz Allen Hamilton during the 4th quarter worth approximately $173,055,000. Janus Henderson Group PLC grew its holdings in Booz Allen Hamilton by 179.7% during the 4th quarter. Janus Henderson Group PLC now owns 1,767,129 shares of the business services provider’s stock valued at $227,425,000 after buying an additional 1,135,426 shares during the last quarter. Man Group plc increased its position in Booz Allen Hamilton by 2,293.2% during the fourth 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 raised its holdings in shares of Booz Allen Hamilton by 61.4% in the fourth quarter. Bank of America Corp DE now owns 1,552,217 shares of the business services provider’s stock worth $199,770,000 after acquiring an additional 590,655 shares during the last quarter. Hedge funds and other institutional investors own 91.82% of the company’s stock.

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.