TD Cowen Cuts Booz Allen Hamilton (NYSE:BAH) Price Target to $155.00

Booz Allen Hamilton (NYSE:BAH) had its price objective cut by stock analysts at TD Cowen from $200.00 to $155.00 in a report issued on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the business services provider’s stock. TD Cowen’s target price indicates a potential upside of 19.44% from the company’s current price.

Several other research firms have also issued reports on BAH. Jefferies Financial Group lowered Booz Allen Hamilton from a “buy” rating to a “hold” rating and upped their target price for the stock from $180.00 to $190.00 in a report on Monday, November 4th. JPMorgan Chase & Co. cut Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and upped their price objective for the stock from $154.00 to $158.00 in a research note on Wednesday, October 2nd. 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 on the stock in a report on Thursday, December 12th. UBS Group began coverage on shares of Booz Allen Hamilton in a research note on Monday, December 2nd. They issued a “neutral” rating and a $159.00 price target for the company. Finally, StockNews.com lowered shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research note on Thursday, December 5th. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $161.78.

Booz Allen Hamilton Stock Up 0.4 %

Booz Allen Hamilton stock opened at $129.77 on Wednesday. The company has a fifty day simple moving average of $146.75 and a 200 day simple moving average of $153.07. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 2.76. Booz Allen Hamilton has a 1-year low of $125.42 and a 1-year high of $190.59. The company has a market cap of $16.58 billion, a P/E ratio of 20.37, a price-to-earnings-growth ratio of 1.62 and a beta of 0.55.

Insider Buying and Selling at Booz Allen Hamilton

In other news, CFO Matthew Calderone sold 4,065 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 transaction of $670,725.00. Following the completion of 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Richard Crowe sold 4,243 shares of the company’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $165.00, for a total transaction of $700,095.00. Following the completion of the transaction, the executive vice president now owns 25,496 shares in the company, valued at $4,206,840. This trade represents a 14.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.59% of the company’s stock.

Institutional Investors Weigh In On Booz Allen Hamilton

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. AGF Management Ltd. increased its stake in Booz Allen Hamilton by 63.4% during the 2nd quarter. AGF Management Ltd. now owns 1,750,610 shares of the business services provider’s stock worth $269,419,000 after acquiring an additional 679,280 shares during the period. Westfield Capital Management Co. LP acquired a new stake in shares of Booz Allen Hamilton during the 3rd quarter worth $48,349,000. Caisse DE Depot ET Placement DU Quebec grew its holdings in shares of Booz Allen Hamilton by 28.5% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,288,101 shares of the business services provider’s stock worth $209,651,000 after purchasing an additional 285,621 shares in the last quarter. FMR LLC increased its position in shares of Booz Allen Hamilton by 111.6% in the third quarter. FMR LLC now owns 356,828 shares of the business services provider’s stock worth $58,077,000 after purchasing an additional 188,185 shares during the period. Finally, Millennium Management LLC raised its stake in Booz Allen Hamilton by 91.6% in the second quarter. Millennium Management LLC now owns 367,645 shares of the business services provider’s stock valued at $56,581,000 after purchasing an additional 175,795 shares in the last quarter. 91.82% of the stock is currently 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.