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.
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Booz Allen Hamilton Stock Down 0.3%
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
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.
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