Booz Allen Hamilton (NYSE:BAH) Price Target Lowered to $140.00 at JPMorgan Chase & Co.

Booz Allen Hamilton (NYSE:BAH) had its price target trimmed by JPMorgan Chase & Co. from $142.00 to $140.00 in a research note released on Monday,Benzinga reports. The brokerage currently has an underweight rating on the business services provider’s stock.

Several other brokerages have also issued reports on BAH. Raymond James upgraded Booz Allen Hamilton from a “market perform” rating to an “outperform” rating and set a $150.00 price objective for the company in a report on Monday. 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 for the company in a report on Thursday, December 12th. Barclays upgraded Booz Allen Hamilton from an “underweight” rating to an “equal weight” rating and set a $140.00 price objective on the stock in a research note on Monday, January 6th. UBS Group began coverage on Booz Allen Hamilton in a report on Monday, December 2nd. They issued a “neutral” rating and a $159.00 price target for the company. Finally, TD Cowen lowered their price objective on Booz Allen Hamilton from $200.00 to $155.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Booz Allen Hamilton has an average rating of “Hold” and a consensus price target of $158.80.

Booz Allen Hamilton Stock Up 0.4 %

Shares of Booz Allen Hamilton stock opened at $129.51 on Monday. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 2.76. Booz Allen Hamilton has a 12-month low of $121.02 and a 12-month high of $190.59. The firm has a market capitalization of $16.55 billion, a PE ratio of 19.30, a price-to-earnings-growth ratio of 1.53 and a beta of 0.55. The stock’s fifty day moving average is $135.43 and its 200-day moving average is $150.35.

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

Booz Allen Hamilton Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Friday, February 14th will be paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 1.70%. The ex-dividend date is Friday, February 14th. This is a positive change from Booz Allen Hamilton’s previous quarterly dividend of $0.51. Booz Allen Hamilton’s dividend payout ratio is 30.40%.

Institutional Investors Weigh In On Booz Allen Hamilton

Several institutional investors have recently modified their holdings of the business. Van ECK Associates Corp increased its holdings in shares of Booz Allen Hamilton by 51.7% in the fourth quarter. Van ECK Associates Corp now owns 951,605 shares of the business services provider’s stock worth $122,472,000 after acquiring an additional 324,159 shares in the last quarter. Westfield Capital Management Co. LP acquired a new stake in shares of Booz Allen Hamilton during the third quarter worth $48,349,000. Caisse DE Depot ET Placement DU Quebec lifted its position in Booz Allen Hamilton by 28.5% in 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 acquiring an additional 285,621 shares in the last quarter. FMR LLC boosted its stake in Booz Allen Hamilton by 111.6% in the 3rd quarter. FMR LLC now owns 356,828 shares of the business services provider’s stock worth $58,077,000 after purchasing an additional 188,185 shares during the period. Finally, KBC Group NV increased its holdings in Booz Allen Hamilton by 1,207.8% during the 4th quarter. KBC Group NV now owns 189,899 shares of the business services provider’s stock worth $24,440,000 after purchasing an additional 175,378 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.