JPMorgan Chase & Co. Issues Positive Forecast for Bowman Consulting Group (NASDAQ:BWMN) Stock Price

Bowman Consulting Group (NASDAQ:BWMN) had its target price upped by analysts at JPMorgan Chase & Co. from $38.00 to $40.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 13.39% from the stock’s current price.

A number of other brokerages also recently weighed in on BWMN. Zacks Research downgraded Bowman Consulting Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 4th. Wall Street Zen cut Bowman Consulting Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 7th. Robert W. Baird cut their price target on Bowman Consulting Group from $43.00 to $37.00 and set an “outperform” rating for the company in a research note on Friday, March 6th. Weiss Ratings restated a “hold (c)” rating on shares of Bowman Consulting Group in a research note on Friday, March 27th. Finally, Roth Mkm set a $58.00 target price on Bowman Consulting Group and gave the stock a “buy” rating in a research note on Thursday. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $47.50.

Bowman Consulting Group Trading Up 1.5%

Shares of NASDAQ BWMN traded up $0.53 during midday trading on Friday, hitting $35.28. The stock had a trading volume of 126,351 shares, compared to its average volume of 141,285. The company’s 50-day simple moving average is $30.48 and its 200 day simple moving average is $33.95. The firm has a market cap of $603.91 million, a P/E ratio of 58.79, a price-to-earnings-growth ratio of 2.11 and a beta of 1.36. Bowman Consulting Group has a fifty-two week low of $24.26 and a fifty-two week 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 posted its earnings results on Tuesday, May 5th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.07). The business had revenue of $126.48 million for the quarter, compared to the consensus estimate of $114.49 million. Bowman Consulting Group had a return on equity of 3.96% and a net margin of 2.02%. Research analysts anticipate that Bowman Consulting Group will post 0.95 EPS for the current year.

Insider Buying and Selling at Bowman Consulting Group

In other news, CEO Gary Bowman sold 7,500 shares of the business’s stock in a transaction dated Wednesday, April 22nd. The shares were sold at an average price of $30.71, for a total value of $230,325.00. Following the sale, the chief executive officer directly owned 1,353,338 shares in the company, valued at $41,561,009.98. The trade was a 0.55% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 17.42% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Royal Bank of Canada boosted its position in Bowman Consulting Group by 51.0% in the 1st quarter. Royal Bank of Canada now owns 48,613 shares of the company’s stock valued at $1,061,000 after buying an additional 16,421 shares during the period. Goldman Sachs Group Inc. boosted its position in Bowman Consulting Group by 4.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 50,176 shares of the company’s stock valued at $1,095,000 after buying an additional 2,203 shares during the period. Jane Street Group LLC purchased a new stake in Bowman Consulting Group in the 1st quarter valued at about $287,000. JPMorgan Chase & Co. boosted its position in Bowman Consulting Group by 40.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 9,128 shares of the company’s stock valued at $262,000 after buying an additional 2,608 shares during the period. Finally, Rhumbline Advisers boosted its position in Bowman Consulting Group by 8.2% in the 2nd quarter. Rhumbline Advisers now owns 20,369 shares of the company’s stock valued at $586,000 after buying an additional 1,540 shares during the period. Institutional investors own 63.20% of the company’s stock.

About Bowman Consulting Group

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.