Booz Allen Hamilton (NYSE:BAH) Upgraded by Barclays to Equal Weight Rating

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 on Monday,Finviz reports. The firm currently has a $140.00 price target on the business services provider’s stock. Barclays‘s price target suggests a potential upside of 6.12% from the company’s current price.

A number of other analysts have also recently commented on BAH. The Goldman Sachs Group lowered their price objective on shares of Booz Allen Hamilton from $210.00 to $158.00 and set a “buy” rating for the company in a research report on Thursday, December 12th. Wells Fargo & Company cut their price target on shares of Booz Allen Hamilton from $206.00 to $177.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 26th. Jefferies Financial Group cut shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating and boosted their price objective for the company from $180.00 to $190.00 in a research report on Monday, November 4th. StockNews.com cut Booz Allen Hamilton from a “buy” rating to a “hold” rating in a report on Thursday, December 5th. Finally, Truist Financial cut their price target on Booz Allen Hamilton from $185.00 to $155.00 and set a “hold” rating on the stock in a report on Friday, November 22nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $163.56.

Booz Allen Hamilton Stock Performance

NYSE BAH opened at $131.93 on Monday. The company has a 50 day moving average of $150.02 and a 200-day moving average of $153.58. Booz Allen Hamilton has a 1-year low of $123.17 and a 1-year high of $190.59. The firm has a market cap of $16.86 billion, a price-to-earnings ratio of 20.71, a PEG ratio of 1.62 and a beta of 0.55. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 2.76.

Insider Buying and Selling

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

Hedge Funds Weigh In On Booz Allen Hamilton

A number of hedge funds and other institutional investors have recently made changes to their positions in BAH. Peterson Financial Group Inc. acquired a new position in Booz Allen Hamilton in the third quarter valued at $31,000. Gilliland Jeter Wealth Management LLC purchased a new position in shares of Booz Allen Hamilton in the 3rd quarter worth approximately $45,000. Kennebec Savings Bank purchased a new stake in shares of Booz Allen Hamilton during the 3rd quarter valued at $60,000. Ashton Thomas Private Wealth LLC bought a new stake in Booz Allen Hamilton in the second quarter worth about $83,000. Finally, Covestor Ltd lifted its stake in Booz Allen Hamilton by 87.2% in the third quarter. Covestor Ltd now owns 629 shares of the business services provider’s stock valued at $103,000 after purchasing an additional 293 shares during the last quarter. 91.82% of the stock is owned by institutional investors and hedge funds.

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.