Booz Allen Hamilton (NYSE:BAH) Stock Rating Lowered by Wall Street Zen

Booz Allen Hamilton (NYSE:BAH – Get Free Report) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Sunday, Wall Street Zen reports.

Other analysts have also recently issued reports about the company. Citigroup lowered their price target on Booz Allen Hamilton from $82.00 to $77.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 7th. TD Cowen lifted their price objective on Booz Allen Hamilton from $75.00 to $77.00 and gave the company a “hold” rating in a report on Tuesday, October 6th. Truist Financial upgraded shares of Booz Allen Hamilton from a “hold” rating to a “buy” rating and boosted their target price for the company from $70.00 to $85.00 in a research note on Thursday. Cantor Fitzgerald reduced their target price on shares of Booz Allen Hamilton from $160.00 to $140.00 and set an “overweight” rating on the stock in a research note on Thursday, July 23rd. Finally, Jefferies Financial Group lowered their target price on shares of Booz Allen Hamilton from $80.00 to $75.00 and set a “hold” rating on the stock in a report on Wednesday, October 7th. Four equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $85.62.

Get Our Latest Stock Report on BAH

Booz Allen Hamilton Stock Down 0.3%

NYSE BAH opened at $73.70 on Friday. The company has a current ratio of 1.60, a quick ratio of 1.59 and a debt-to-equity ratio of 3.26. The stock’s 50 day moving average is $74.48 and its two-hundred day moving average is $73.97. The company has a market capitalization of $8.86 billion, a price-to-earnings ratio of 11.59, a PEG ratio of 1.77 and a beta of 0.37. Booz Allen Hamilton has a 1-year low of $59.50 and a 1-year high of $109.10.

Booz Allen Hamilton (NYSE:BAH – Get Free Report) last released its quarterly earnings data on Friday, July 24th. The business services provider reported $1.81 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.32. The company had revenue of $1.97 billion for the quarter, compared to analyst estimates of $2.81 billion. Booz Allen Hamilton had a return on equity of 76.71% and a net margin of 7.01%. The company’s revenue was down 4.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.48 EPS. Booz Allen Hamilton has set its FY 2027 guidance at 6.000-6.35 EPS. Equities analysts forecast that Booz Allen Hamilton will post 6.34 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Booz Allen Hamilton

A number of large investors have recently bought and sold shares of the business. T. Rowe Price Investment Management Inc. raised its holdings in Booz Allen Hamilton by 38.4% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 6,528,226 shares of the business services provider’s stock worth $550,722,000 after purchasing an additional 1,811,906 shares during the last quarter. Diamond Hill Capital Management LLC Investment Advisor bought a new position in shares of Booz Allen Hamilton in the 2nd quarter valued at about $51,325,000. Black Creek Investment Management Inc. boosted its stake in shares of Booz Allen Hamilton by 20.0% in the 4th quarter. Black Creek Investment Management Inc. now owns 2,505,178 shares of the business services provider’s stock valued at $211,337,000 after purchasing an additional 416,702 shares during the last quarter. Contour Asset Management LLC bought a new position in shares of Booz Allen Hamilton in the 4th quarter valued at about $33,626,000. Finally, Clough Capital Partners L P acquired a new stake in shares of Booz Allen Hamilton during the 4th quarter worth approximately $19,283,000. 91.82% of the stock is currently owned by institutional investors.

About Booz Allen Hamilton

(Get Free Report)

Booz Allen Hamilton Holding Corporation is a management and technology consulting company that primarily serves the U.S. government, including defense, intelligence, civil, and health agencies. The company helps clients address complex national security, public-sector, and business challenges through consulting, engineering, technology integration, and mission-support services.

Its capabilities include artificial intelligence and data analytics, cybersecurity, digital transformation, cloud computing, systems engineering, software development, program management, and organizational strategy.

Further Reading

Analyst Recommendations for Booz Allen Hamilton (NYSE:BAH)

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