Booz Allen Hamilton (NYSE:BAH) Sets New 12-Month Low – Here’s Why

Booz Allen Hamilton Holding Co. (NYSE:BAH) shares reached a new 52-week low on Wednesday . The stock traded as low as $127.01 and last traded at $127.19, with a volume of 1421329 shares trading hands. The stock had previously closed at $128.91.

Wall Street Analyst Weigh In

A number of analysts have issued reports on BAH shares. JPMorgan Chase & Co. downgraded shares of Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and lifted their price target for the company from $154.00 to $158.00 in a report on Wednesday, October 2nd. UBS Group started coverage on Booz Allen Hamilton in a research report on Monday, December 2nd. They issued a “neutral” rating and a $159.00 target price on the stock. Jefferies Financial Group cut Booz Allen Hamilton from a “buy” rating to a “hold” rating and raised their price target for the company from $180.00 to $190.00 in a report on Monday, November 4th. Barclays raised 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. Finally, The Goldman Sachs Group cut their target price 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. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Booz Allen Hamilton currently has a consensus rating of “Hold” and a consensus price target of $161.78.

Booz Allen Hamilton Price Performance

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 $16.25 billion, a P/E ratio of 19.97, a P/E/G ratio of 1.72 and a beta of 0.55. The firm’s fifty day moving average is $136.94 and its 200 day moving average is $151.15.

Institutional Investors Weigh In On Booz Allen Hamilton

A number of institutional investors and hedge funds have recently modified their holdings of the business. Geode Capital Management LLC grew its stake in Booz Allen Hamilton by 2.5% in the 3rd quarter. Geode Capital Management LLC now owns 2,341,533 shares of the business services provider’s stock worth $381,898,000 after acquiring an additional 58,038 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec grew its stake in Booz Allen Hamilton by 28.5% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,288,101 shares of the business services provider’s stock worth $209,651,000 after purchasing an additional 285,621 shares in the last quarter. Eagle Asset Management Inc. increased its holdings in Booz Allen Hamilton by 3.6% during the 3rd quarter. Eagle Asset Management Inc. now owns 957,300 shares of the business services provider’s stock worth $155,810,000 after purchasing an additional 32,897 shares during the period. Van ECK Associates Corp raised its position in Booz Allen Hamilton by 51.7% during the 4th quarter. Van ECK Associates Corp now owns 951,605 shares of the business services provider’s stock valued at $122,472,000 after purchasing an additional 324,159 shares in the last quarter. Finally, Captrust Financial Advisors lifted its holdings in shares of Booz Allen Hamilton by 1.1% in the 3rd quarter. Captrust Financial Advisors now owns 856,437 shares of the business services provider’s stock worth $139,394,000 after buying an additional 9,480 shares during the period. 91.82% of the stock is owned by institutional investors.

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.