UBS Group Forecasts Strong Price Appreciation for Booz Allen Hamilton (NYSE:BAH) Stock

Booz Allen Hamilton (NYSE:BAH) had its price target boosted by stock analysts at UBS Group from $120.00 to $135.00 in a report released on Monday,Benzinga reports. The brokerage presently has a “neutral” rating on the business services provider’s stock. UBS Group’s target price points to a potential upside of 3.63% from the company’s current price.

A number of other research analysts also recently weighed in on BAH. Wells Fargo & Company cut their price target on shares of Booz Allen Hamilton from $164.00 to $148.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. JPMorgan Chase & Co. dropped their price target on shares of Booz Allen Hamilton from $140.00 to $120.00 and set an “underweight” rating on the stock in a research report on Tuesday, April 15th. Truist Financial lowered their target price on shares of Booz Allen Hamilton from $142.00 to $110.00 and set a “hold” rating on the stock in a research note on Monday, April 14th. Raymond James upgraded shares of Booz Allen Hamilton from a “market perform” rating to an “outperform” rating and set a $150.00 price target for the company in a report on Monday, February 3rd. Finally, Cantor Fitzgerald upgraded Booz Allen Hamilton to a “strong-buy” rating in a research note on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $144.27.

Booz Allen Hamilton Stock Up 1.1%

Booz Allen Hamilton stock traded up $1.46 during trading hours on Monday, hitting $130.27. The company had a trading volume of 270,310 shares, compared to its average volume of 1,554,935. The firm’s fifty day moving average is $113.98 and its 200-day moving average is $127.97. The company has a debt-to-equity ratio of 2.72, a current ratio of 1.57 and a quick ratio of 1.57. Booz Allen Hamilton has a fifty-two week low of $101.05 and a fifty-two week high of $190.59. The firm has a market capitalization of $16.50 billion, a P/E ratio of 19.37, a price-to-earnings-growth ratio of 1.25 and a beta of 0.56.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in BAH. Barclays PLC increased its position in shares of Booz Allen Hamilton by 17.1% during the 3rd quarter. Barclays PLC now owns 101,365 shares of the business services provider’s stock worth $16,497,000 after purchasing an additional 14,826 shares during the last quarter. HB Wealth Management LLC increased its stake in shares of Booz Allen Hamilton by 5.0% during the 4th quarter. HB Wealth Management LLC now owns 2,470 shares of the business services provider’s stock worth $318,000 after purchasing an additional 118 shares during the last quarter. M.E. Allison & CO. Inc. bought a new stake in shares of Booz Allen Hamilton in the 4th quarter valued at about $298,000. Crossmark Global Holdings Inc. lifted its stake in Booz Allen Hamilton by 2,033.3% in the 4th quarter. Crossmark Global Holdings Inc. now owns 31,765 shares of the business services provider’s stock valued at $4,088,000 after purchasing an additional 30,276 shares during the last quarter. Finally, Genesis Private Wealth LLC acquired a new position in Booz Allen Hamilton during the fourth quarter worth approximately $225,000. 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.