Booz Allen Hamilton (NYSE:BAH) Price Target Lowered to $85.00 at JPMorgan Chase & Co.

Booz Allen Hamilton (NYSE:BAH) had its price objective cut by JPMorgan Chase & Co. from $97.00 to $85.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an “underweight” rating on the business services provider’s stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 6.18% from the company’s current price.

A number of other research analysts also recently issued reports on BAH. UBS Group reiterated a “neutral” rating and set a $83.00 price objective on shares of Booz Allen Hamilton in a research note on Tuesday. Truist Financial decreased their price objective on Booz Allen Hamilton from $98.00 to $85.00 and set a “hold” rating on the stock in a report on Monday, April 20th. DA Davidson set a $81.00 price target on Booz Allen Hamilton in a report on Tuesday, January 27th. Weiss Ratings lowered Booz Allen Hamilton from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, April 24th. Finally, William Blair restated an “outperform” rating on shares of Booz Allen Hamilton in a research note on Tuesday, March 3rd. Two investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, Booz Allen Hamilton presently has an average rating of “Reduce” and a consensus price target of $91.33.

Booz Allen Hamilton Stock Up 1.7%

Shares of NYSE:BAH traded up $1.37 during midday trading on Tuesday, reaching $80.05. The company’s stock had a trading volume of 1,013,445 shares, compared to its average volume of 2,101,362. The firm has a 50 day moving average of $78.60 and a 200-day moving average of $83.19. The firm has a market capitalization of $9.65 billion, a P/E ratio of 11.62, a PEG ratio of 4.54 and a beta of 0.32. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 3.76. Booz Allen Hamilton has a 12-month low of $68.83 and a 12-month high of $120.04.

Booz Allen Hamilton (NYSE:BAH) last released its earnings results on Friday, May 22nd. The business services provider reported $1.78 earnings per share for the quarter, topping analysts’ consensus estimates of $1.32 by $0.46. Booz Allen Hamilton had a net margin of 7.35% and a return on equity of 76.79%. The firm had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $2.87 billion. During the same period in the prior year, the firm earned $1.61 EPS. The company’s revenue was down 5.9% compared to the same quarter last year. Booz Allen Hamilton has set its FY 2027 guidance at 6.000-6.350 EPS. On average, research analysts anticipate that Booz Allen Hamilton will post 6.13 earnings per share for the current year.

Hedge Funds Weigh In On Booz Allen Hamilton

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Mediolanum International Funds Ltd lifted its stake in Booz Allen Hamilton by 28.6% during the 3rd quarter. Mediolanum International Funds Ltd now owns 73,404 shares of the business services provider’s stock worth $7,259,000 after acquiring an additional 16,304 shares in the last quarter. Primecap Management Co. CA increased its holdings in Booz Allen Hamilton by 56.6% during the 3rd quarter. Primecap Management Co. CA now owns 1,983,838 shares of the business services provider’s stock worth $198,285,000 after purchasing an additional 716,780 shares during the period. Citigroup Inc. increased its holdings in shares of Booz Allen Hamilton by 413.4% in the 3rd quarter. Citigroup Inc. now owns 389,301 shares of the business services provider’s stock valued at $38,911,000 after acquiring an additional 313,472 shares during the last quarter. Midwest Trust Co increased its holdings in shares of Booz Allen Hamilton by 13.4% in the 3rd quarter. Midwest Trust Co now owns 119,587 shares of the business services provider’s stock valued at $11,953,000 after acquiring an additional 14,134 shares during the last quarter. Finally, National Pension Service increased its holdings in shares of Booz Allen Hamilton by 88.1% in the 3rd quarter. National Pension Service now owns 30,058 shares of the business services provider’s stock valued at $3,004,000 after acquiring an additional 14,077 shares during the last quarter. Institutional investors and hedge funds own 91.82% of the company’s stock.

About Booz Allen Hamilton

Booz Allen Hamilton Holding Corporation is a publicly traded management and technology consulting firm headquartered in McLean, Virginia. The company provides a wide range of professional services and solutions in strategy, analytics, digital transformation, engineering and cyber security. Its expertise spans from supporting federal civilian agencies to defense, intelligence and homeland security organizations, as well as select commercial industries.

Key offerings include data analytics and artificial intelligence applications, software development and modernization, systems integration, and cyber risk management.