Booz Allen Hamilton (NYSE:BAH) Coverage Initiated by Analysts at Cantor Fitzgerald

Stock analysts at Cantor Fitzgerald started coverage on shares of Booz Allen Hamilton (NYSE:BAH) in a report issued on Friday,Briefing.com Automated Import reports. The firm set an “overweight” rating and a $160.00 price target on the business services provider’s stock. Cantor Fitzgerald’s price target indicates a potential upside of 24.05% from the stock’s previous close.

A number of other brokerages also recently issued reports on BAH. TD Cowen lowered their price target on Booz Allen Hamilton from $200.00 to $155.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. The Goldman Sachs Group lowered their price target on Booz Allen Hamilton from $210.00 to $158.00 and set a “buy” rating for the company in a report on Thursday, December 12th. 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. JPMorgan Chase & Co. lowered their target price on shares of Booz Allen Hamilton from $142.00 to $140.00 and set an “underweight” rating on the stock in a research report on Monday. Finally, Wells Fargo & Company lowered their target price on shares of Booz Allen Hamilton from $177.00 to $171.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $158.91.

Booz Allen Hamilton Stock Performance

Shares of Booz Allen Hamilton stock opened at $128.98 on Friday. The business has a 50-day simple moving average of $134.36 and a 200-day simple moving average of $149.88. The company has a debt-to-equity ratio of 2.76, a quick ratio of 1.56 and a current ratio of 1.56. The company has a market cap of $16.48 billion, a PE ratio of 19.22, a P/E/G ratio of 1.53 and a beta of 0.55. Booz Allen Hamilton has a one year low of $121.02 and a one year high of $190.59.

Booz Allen Hamilton (NYSE:BAH) last announced its quarterly earnings results on Friday, January 31st. The business services provider reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.48 by $0.07. Booz Allen Hamilton had a return on equity of 70.51% and a net margin of 7.39%. On average, equities research analysts forecast that Booz Allen Hamilton will post 6.32 EPS for the current fiscal year.

Hedge Funds Weigh In On Booz Allen Hamilton

A number of hedge funds and other institutional investors have recently bought and sold shares of BAH. Bogart Wealth LLC grew its position in Booz Allen Hamilton by 387.5% in the 4th quarter. Bogart Wealth LLC now owns 195 shares of the business services provider’s stock valued at $25,000 after buying an additional 155 shares during the last quarter. Peterson Financial Group Inc. acquired a new stake in Booz Allen Hamilton in the third quarter valued at $31,000. R Squared Ltd acquired a new stake in Booz Allen Hamilton in the fourth quarter valued at $31,000. SRS Capital Advisors Inc. lifted its holdings in Booz Allen Hamilton by 3,314.3% in the fourth quarter. SRS Capital Advisors Inc. now owns 239 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 232 shares during the period. Finally, Roxbury Financial LLC acquired a new stake in Booz Allen Hamilton in the fourth quarter valued at $35,000. 91.82% of the stock is currently owned by hedge funds and other institutional investors.

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.