Wall Street Zen upgraded shares of Booz Allen Hamilton (NYSE:BAH – Free Report) from a hold rating to a buy rating in a research report report published on Monday morning,Wall Street Zen reports.
Several other brokerages have also issued reports on BAH. TD Cowen lifted their price target on shares of Booz Allen Hamilton from $75.00 to $77.00 and gave the company a “hold” rating in a report on Tuesday, October 6th. Bank of America lowered their price objective on shares of Booz Allen Hamilton from $90.00 to $75.00 and set an “underperform” rating for the company in a research report on Monday, July 20th. Cantor Fitzgerald dropped their price objective on shares of Booz Allen Hamilton from $160.00 to $140.00 and set an “overweight” rating for the company in a research note on Thursday, July 23rd. Truist Financial upgraded shares of Booz Allen Hamilton from a “hold” rating to a “buy” rating and raised their target price for the company from $70.00 to $85.00 in a research report on Thursday, October 8th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Booz Allen Hamilton in a research report on Friday, October 2nd. Four analysts have rated the stock with a Buy rating, seven have given a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $85.62.
Check Out Our Latest Analysis on Booz Allen Hamilton
Booz Allen Hamilton Price Performance
Booz Allen Hamilton stock opened at $74.98 on Monday. The company has a debt-to-equity ratio of 3.26, a quick ratio of 1.59 and a current ratio of 1.60. Booz Allen Hamilton has a 52 week low of $59.50 and a 52 week high of $109.10. The stock has a market capitalization of $9.02 billion, a P/E ratio of 10.94, a price-to-earnings-growth ratio of 1.80 and a beta of 0.37. The stock has a fifty day moving average of $74.22 and a 200-day moving average of $73.68.
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. Booz Allen Hamilton had a return on equity of 76.71% and a net margin of 7.01%. The business had revenue of $1.97 billion for the quarter, compared to analyst estimates of $2.81 billion. During the same period last year, the firm posted $1.48 earnings per share. Booz Allen Hamilton’s revenue was down 4.2% compared to the same quarter last year. Booz Allen Hamilton has set its FY 2027 guidance at 6.000-6.35 EPS. On average, sell-side analysts expect that Booz Allen Hamilton will post 6.34 earnings per share for the current fiscal year.
Institutional Trading of Booz Allen Hamilton
Several hedge funds and other institutional investors have recently made changes to their positions in BAH. Public Employees Retirement System of Ohio bought a new position in Booz Allen Hamilton during the 2nd quarter worth approximately $2,069,000. Weiss Asset Management LP bought a new stake in shares of Booz Allen Hamilton in the 1st quarter valued at $12,945,000. Bank of America Corp DE boosted its stake in shares of Booz Allen Hamilton by 2.6% in the 1st quarter. Bank of America Corp DE now owns 1,117,280 shares of the business services provider’s stock valued at $87,181,000 after purchasing an additional 28,462 shares during the last quarter. Artemis Investment Management LLP acquired a new stake in shares of Booz Allen Hamilton during the third quarter worth $12,051,000. Finally, Engineers Gate Manager LP increased its position in shares of Booz Allen Hamilton by 3,206.2% during the second quarter. Engineers Gate Manager LP now owns 101,268 shares of the business services provider’s stock worth $6,144,000 after buying an additional 98,205 shares during the period. 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 provides services primarily to governments, defense and intelligence organizations, and commercial clients. The company helps organizations address complex challenges involving strategy, technology modernization, cybersecurity, data and analytics, artificial intelligence, engineering, and mission operations.
Its government-related work spans defense, national security, intelligence, civil government, and health markets.
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