JPMorgan Chase & Co. Downgrades Booz Allen Hamilton (NYSE:BAH) to Underweight

Booz Allen Hamilton (NYSE:BAH) was downgraded by analysts at JPMorgan Chase & Co. from a “neutral” rating to an “underweight” rating in a research note issued on Wednesday, Briefing.com reports. They currently have a $158.00 price objective on the business services provider’s stock, up from their prior price objective of $154.00. JPMorgan Chase & Co.‘s price target indicates a potential downside of 3.31% from the company’s current price.

Several other equities research analysts have also weighed in on BAH. Wells Fargo & Company upped their target price on shares of Booz Allen Hamilton from $165.00 to $185.00 and gave the stock an “overweight” rating in a report on Tuesday. Truist Financial lifted their target price on shares of Booz Allen Hamilton from $140.00 to $165.00 and gave the company a “hold” rating in a research note on Thursday, September 5th. Barclays decreased their price target on Booz Allen Hamilton from $153.00 to $142.00 and set an “underweight” rating on the stock in a research report on Tuesday, July 30th. StockNews.com downgraded Booz Allen Hamilton from a “hold” rating to a “sell” rating in a research report on Wednesday, September 25th. Finally, TD Cowen decreased their target price on Booz Allen Hamilton from $185.00 to $165.00 and set a “buy” rating on the stock in a report on Monday, July 29th. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Booz Allen Hamilton presently has an average rating of “Hold” and a consensus price target of $162.00.

Booz Allen Hamilton Price Performance

NYSE:BAH opened at $163.41 on Wednesday. The company has a debt-to-equity ratio of 3.07, a current ratio of 1.55 and a quick ratio of 1.55. The stock has a market cap of $21.13 billion, a P/E ratio of 35.52, a PEG ratio of 2.30 and a beta of 0.59. The company has a fifty day moving average price of $152.52 and a 200 day moving average price of $151.32. Booz Allen Hamilton has a one year low of $109.83 and a one year high of $164.43.

Booz Allen Hamilton (NYSE:BAH) last issued its quarterly earnings results on Friday, July 26th. The business services provider reported $1.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.52 by ($0.14). Booz Allen Hamilton had a net margin of 5.57% and a return on equity of 65.80%. The firm had revenue of $2.94 billion for the quarter, compared to the consensus estimate of $2.92 billion. Analysts anticipate that Booz Allen Hamilton will post 5.96 earnings per share for the current year.

Insider Activity at Booz Allen Hamilton

In other Booz Allen Hamilton news, CFO Matthew Calderone sold 3,865 shares of the company’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $160.00, for a total value of $618,400.00. Following the sale, the chief financial officer now owns 33,683 shares in the company, valued at $5,389,280. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Melody C. Barnes sold 1,041 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $143.31, for a total value of $149,185.71. Following the transaction, the director now owns 18,123 shares of the company’s stock, valued at $2,597,207.13. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Matthew Calderone sold 3,865 shares of Booz Allen Hamilton stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $160.00, for a total value of $618,400.00. Following the sale, the chief financial officer now directly owns 33,683 shares of the company’s stock, valued at $5,389,280. The disclosure for this sale can be found here. 1.59% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in BAH. Price T Rowe Associates Inc. MD grew its stake in shares of Booz Allen Hamilton by 2.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 10,406,880 shares of the business services provider’s stock valued at $1,544,798,000 after acquiring an additional 222,884 shares in the last quarter. AGF Management Ltd. grew its position in shares of 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 purchasing an additional 679,280 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Booz Allen Hamilton by 6.1% during the second quarter. American Century Companies Inc. now owns 1,672,961 shares of the business services provider’s stock worth $257,469,000 after purchasing an additional 96,553 shares during the period. Bessemer Group Inc. raised its position in shares of Booz Allen Hamilton by 1.9% in the first quarter. Bessemer Group Inc. now owns 1,178,784 shares of the business services provider’s stock valued at $174,978,000 after buying an additional 22,545 shares in the last quarter. Finally, Captrust Financial Advisors grew its position in Booz Allen Hamilton by 29.4% during the first quarter. Captrust Financial Advisors now owns 1,076,130 shares of the business services provider’s stock worth $159,741,000 after buying an additional 244,391 shares in the last quarter. 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.