Analysts Set Bowman Consulting Group Ltd. (NASDAQ:BWMN) PT at $45.50

Shares of Bowman Consulting Group Ltd. (NASDAQ:BWMN) have been given a consensus recommendation of “Moderate Buy” by the six brokerages that are presently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $45.50.

A number of equities analysts have weighed in on the company. Robert W. Baird decreased their target price on Bowman Consulting Group from $43.00 to $37.00 and set an “outperform” rating for the company in a research report on Friday, March 6th. Wall Street Zen lowered Bowman Consulting Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 7th. JPMorgan Chase & Co. assumed coverage on Bowman Consulting Group in a research report on Friday, January 9th. They issued a “neutral” rating and a $40.00 target price for the company. Zacks Research lowered Bowman Consulting Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 4th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Bowman Consulting Group in a research report on Friday, March 27th.

Hedge Funds Weigh In On Bowman Consulting Group

Hedge funds have recently bought and sold shares of the business. State of Alaska Department of Revenue purchased a new position in Bowman Consulting Group in the 3rd quarter worth about $40,000. New York State Teachers Retirement System purchased a new position in Bowman Consulting Group in the 4th quarter worth about $42,000. Tower Research Capital LLC TRC raised its position in Bowman Consulting Group by 244.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,301 shares of the company’s stock worth $66,000 after buying an additional 1,633 shares during the last quarter. Quantbot Technologies LP purchased a new position in Bowman Consulting Group in the 3rd quarter worth about $175,000. Finally, Strs Ohio purchased a new position in Bowman Consulting Group in the 3rd quarter worth about $182,000. Hedge funds and other institutional investors own 63.20% of the company’s stock.

Bowman Consulting Group Stock Performance

Shares of Bowman Consulting Group stock opened at $31.45 on Tuesday. The stock has a market cap of $538.42 million, a price-to-earnings ratio of 44.30, a PEG ratio of 1.82 and a beta of 1.39. The firm’s 50-day moving average is $30.55 and its 200 day moving average is $34.62. Bowman Consulting Group has a 1 year low of $21.70 and a 1 year high of $45.83. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.99 and a quick ratio of 0.99.

Bowman Consulting Group (NASDAQ:BWMN) last announced its quarterly earnings results on Wednesday, March 4th. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.07. The company had revenue of $128.96 million for the quarter, compared to analysts’ expectations of $129.12 million. Bowman Consulting Group had a net margin of 2.48% and a return on equity of 4.78%. Sell-side analysts anticipate that Bowman Consulting Group will post 0.95 EPS for the current fiscal year.

Bowman Consulting Group Company Profile

Bowman Consulting Group Ltd. (NASDAQ: BWMN) is a multidisciplinary professional services firm that provides engineering, environmental, planning and surveying services to public and private sector clients. Its service offerings encompass civil, geotechnical and environmental engineering; land development planning and permitting; construction management; survey and geospatial services; and ecological and water resources consulting. The firm supports infrastructure, real estate, energy, utilities and telecommunications projects, delivering site characterization, design, permitting and construction-phase oversight.

Since its founding in 1980, Bowman Consulting Group has grown organically and through strategic acquisitions to expand its technical capabilities and geographic footprint.