Booz Allen Hamilton (NYSE:BAH) Stock Rating Upgraded by Barclays

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

BAH has been the topic of several other research reports. StockNews.com cut Booz Allen Hamilton from a “buy” rating to a “hold” rating in a report on Thursday, December 5th. The Goldman Sachs Group decreased their price objective on shares of Booz Allen Hamilton from $210.00 to $158.00 and set a “buy” rating on the stock in a research report on Thursday, December 12th. Wells Fargo & Company dropped their target price on shares of Booz Allen Hamilton from $206.00 to $177.00 and set an “overweight” rating for the company in a research report on Tuesday, November 26th. Jefferies Financial Group lowered shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating and increased their price target for the stock from $180.00 to $190.00 in a report on Monday, November 4th. Finally, Truist Financial dropped their price objective on shares of Booz Allen Hamilton from $185.00 to $155.00 and set a “hold” rating for the company in a report on Friday, November 22nd. One 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 given a strong buy rating to the company’s stock. According to MarketBeat.com, Booz Allen Hamilton presently has an average rating of “Hold” and a consensus price target of $163.56.

Booz Allen Hamilton Trading Down 1.1 %

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

Insider Activity

In related news, CFO Matthew Calderone sold 4,065 shares of Booz Allen Hamilton 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 transaction, the chief financial officer now directly owns 29,618 shares of the company’s stock, valued at $4,886,970. The trade was a 12.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Richard Crowe sold 4,243 shares of the stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $165.00, for a total transaction of $700,095.00. Following the sale, the executive vice president now directly owns 25,496 shares of the company’s stock, valued at $4,206,840. The trade was a 14.27 % decrease in their position. The disclosure for this sale can be found here. 1.59% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Peterson Financial Group Inc. bought a new stake in shares of Booz Allen Hamilton in the 3rd quarter worth approximately $31,000. Gilliland Jeter Wealth Management LLC purchased a new stake in Booz Allen Hamilton in the third quarter worth $45,000. Kennebec Savings Bank bought a new stake in Booz Allen Hamilton in the third quarter valued at $60,000. Ashton Thomas Private Wealth LLC purchased a new position in Booz Allen Hamilton during the 2nd quarter valued at $83,000. Finally, Covestor Ltd raised its holdings in Booz Allen Hamilton by 87.2% in the 3rd quarter. Covestor Ltd now owns 629 shares of the business services provider’s stock worth $103,000 after purchasing an additional 293 shares in the last quarter. Hedge funds and other institutional investors own 91.82% of the company’s stock.

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.