TD Cowen Upgrades Booz Allen Hamilton (NYSE:BAH) to “Strong-Buy”

Booz Allen Hamilton (NYSE:BAH) was upgraded by equities research analysts at TD Cowen to a “strong-buy” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

Several other equities analysts have also commented on BAH. UBS Group assumed coverage on shares of Booz Allen Hamilton in a research report on Monday, December 2nd. They set a “neutral” rating and a $159.00 price target for the company. 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 research report on Thursday, December 12th. StockNews.com downgraded Booz Allen Hamilton from a “buy” rating to a “hold” rating in a report on Thursday, December 5th. Jefferies Financial Group cut Booz Allen Hamilton from a “buy” rating to a “hold” rating and boosted their target price for the stock from $180.00 to $190.00 in a report on Monday, November 4th. Finally, Wells Fargo & Company reduced their price target on shares of Booz Allen Hamilton from $206.00 to $177.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 26th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $167.44.

Booz Allen Hamilton Trading Up 2.0 %

Shares of BAH opened at $131.19 on Thursday. Booz Allen Hamilton has a fifty-two week low of $123.17 and a fifty-two week high of $190.59. The stock has a fifty day moving average of $157.17 and a two-hundred day moving average of $155.12. 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 capitalization of $16.76 billion, a PE ratio of 20.60, a price-to-earnings-growth ratio of 1.62 and a beta of 0.52.

Insiders Place Their Bets

In related news, EVP Richard Crowe sold 4,243 shares of the stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $165.00, for a total value of $700,095.00. Following the completion of the transaction, the executive vice president now directly owns 25,496 shares of the company’s stock, valued at $4,206,840. This represents a 14.27 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Matthew Calderone sold 4,065 shares of the stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $165.00, for a total transaction of $670,725.00. Following the completion of the transaction, the chief financial officer now owns 29,618 shares of the company’s stock, valued at $4,886,970. This represents a 12.07 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,173 shares of company stock valued at $1,989,220 in the last quarter. Insiders own 1.59% of the company’s stock.

Institutional Trading of Booz Allen Hamilton

Several institutional investors and hedge funds have recently bought and sold shares of the stock. AGF Management Ltd. lifted its position in shares of Booz Allen Hamilton by 63.4% in the second 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. Westfield Capital Management Co. LP bought a new stake in Booz Allen Hamilton in the third quarter worth approximately $48,349,000. Caisse DE Depot ET Placement DU Quebec raised 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 valued at $209,651,000 after purchasing an additional 285,621 shares in the last quarter. Acadian Asset Management LLC lifted its stake in shares of Booz Allen Hamilton by 184.0% in the 2nd quarter. Acadian Asset Management LLC now owns 335,463 shares of the business services provider’s stock valued at $51,613,000 after purchasing an additional 217,349 shares during the last quarter. Finally, Van ECK Associates Corp boosted its holdings in Booz Allen Hamilton by 75.3% in the second quarter. Van ECK Associates Corp now owns 465,363 shares of the business services provider’s stock worth $71,619,000 after purchasing an additional 199,871 shares in the last quarter. Institutional investors and hedge funds 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.