JPMorgan Chase & Co. Issues Pessimistic Forecast for Booz Allen Hamilton (NYSE:BAH) Stock Price

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

Other equities research analysts also recently issued reports about the stock. Jefferies Financial Group set a $85.00 price target on shares of Booz Allen Hamilton in a report on Monday, May 11th. Truist Financial decreased their price target on shares of Booz Allen Hamilton from $98.00 to $85.00 and set a “hold” rating on the stock in a research note on Monday, April 20th. Wells Fargo & Company initiated coverage on shares of Booz Allen Hamilton in a research note on Wednesday, April 1st. They set an “equal weight” rating and a $85.00 price target on the stock. Weiss Ratings downgraded shares of Booz Allen Hamilton from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, April 24th. Finally, TD Cowen reissued a “hold” rating on shares of Booz Allen Hamilton in a research note on Tuesday. Two analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of $91.33.

Booz Allen Hamilton Price Performance

Shares of Booz Allen Hamilton stock traded up $1.37 on Tuesday, reaching $80.05. The stock had a trading volume of 1,013,445 shares, compared to its average volume of 2,101,362. Booz Allen Hamilton has a 1 year low of $68.83 and a 1 year high of $120.04. The company has a market cap of $9.65 billion, a P/E ratio of 11.62, a price-to-earnings-growth ratio of 4.54 and a beta of 0.32. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 3.76. The business’s 50 day moving average is $78.60 and its two-hundred day moving average is $83.19.

Booz Allen Hamilton (NYSE:BAH) last announced its quarterly earnings results on Friday, May 22nd. The business services provider reported $1.78 earnings per share (EPS) 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 posted $1.61 earnings per share. The company’s revenue for the quarter was down 5.9% on a year-over-year basis. Booz Allen Hamilton has set its FY 2027 guidance at 6.000-6.350 EPS. As a group, research analysts anticipate that Booz Allen Hamilton will post 6.13 EPS for the current year.

Institutional Trading of Booz Allen Hamilton

Large investors have recently added to or reduced their stakes in the stock. Rakuten Securities Inc. boosted its holdings in Booz Allen Hamilton by 414.6% in the second quarter. Rakuten Securities Inc. now owns 247 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 199 shares in the last quarter. Cornerstone Planning Group LLC boosted its holdings in Booz Allen Hamilton by 244.0% in the third quarter. Cornerstone Planning Group LLC now owns 289 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 205 shares in the last quarter. Activest Wealth Management boosted its holdings in Booz Allen Hamilton by 141.3% in the fourth quarter. Activest Wealth Management now owns 304 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 178 shares in the last quarter. Torren Management LLC purchased a new position in Booz Allen Hamilton during the fourth quarter valued at $26,000. Finally, Fulcrum Asset Management LLP bought a new stake in shares of Booz Allen Hamilton during the 3rd quarter valued at $32,000. Institutional investors own 91.82% of the company’s stock.

Booz Allen Hamilton Company Profile

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.