Booz Allen Hamilton (NYSE:BAH – Free Report) had its price objective lifted by Citigroup from $77.00 to $88.00 in a research note released on Monday,Benzinga reports. The firm currently has a neutral rating on the business services provider’s stock.
Several other analysts have also recently commented on the stock. Bank of America reissued an “underperform” rating on shares of Booz Allen Hamilton in a research note on Monday. Wall Street Zen upgraded shares of Booz Allen Hamilton from a “hold” rating to a “buy” rating in a research report on Monday, October 19th. Truist Financial raised Booz Allen Hamilton from a “hold” rating to a “buy” rating and upped their price objective for the stock from $70.00 to $85.00 in a report on Thursday, October 8th. UBS Group reiterated a “neutral” rating and issued a $86.00 price objective on shares of Booz Allen Hamilton in a research report on Monday. Finally, Jefferies Financial Group decreased their price objective on Booz Allen Hamilton from $80.00 to $75.00 and set a “hold” rating on the stock in a research report on Wednesday, October 7th. Five investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, Booz Allen Hamilton currently has an average rating of “Hold” and an average price target of $89.29.
Get Our Latest Analysis on BAH
Booz Allen Hamilton Stock Up 0.2%
Shares of NYSE:BAH opened at $83.60 on Monday. The company has a quick ratio of 1.59, a current ratio of 1.43 and a debt-to-equity ratio of 3.53. The firm has a market cap of $10.06 billion, a P/E ratio of 12.98, a P/E/G ratio of 1.86 and a beta of 0.37. Booz Allen Hamilton has a 12 month low of $59.50 and a 12 month high of $109.10. The company’s 50-day moving average price is $74.78 and its two-hundred day moving average price is $76.81.
Booz Allen Hamilton (NYSE:BAH – Get Free Report) last announced its earnings results on Friday, October 23rd. The business services provider reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates of $1.48 by $0.28. Booz Allen Hamilton had a net margin of 7.14% and a return on equity of 75.00%. The company had revenue of $2.78 billion during the quarter, compared to the consensus estimate of $2.81 billion. During the same period in the previous year, the firm posted $1.49 earnings per share. The company’s revenue was down 3.9% on a year-over-year basis. Booz Allen Hamilton has set its FY 2027 guidance at 6.500-6.700 EPS. As a group, research analysts forecast that Booz Allen Hamilton will post 6.59 EPS for the current fiscal year.
Booz Allen Hamilton Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, December 4th. Stockholders of record on Thursday, November 12th will be given a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Thursday, November 12th. Booz Allen Hamilton’s dividend payout ratio (DPR) is currently 36.65%.
Institutional Investors Weigh In On Booz Allen Hamilton
A number of institutional investors have recently made changes to their positions in BAH. Axiom Investment Management LLC acquired a new position in Booz Allen Hamilton in the first quarter valued at about $44,000. Versant Capital Management Inc boosted its holdings in Booz Allen Hamilton by 1,122.9% during the second quarter. Versant Capital Management Inc now owns 587 shares of the business services provider’s stock worth $36,000 after buying an additional 539 shares during the last quarter. Pinnacle Wealth Planning Services Inc. boosted its holdings in Booz Allen Hamilton by 967.9% during the third quarter. Pinnacle Wealth Planning Services Inc. now owns 598 shares of the business services provider’s stock worth $42,000 after buying an additional 542 shares during the last quarter. Root Financial Partners LLC bought a new position in Booz Allen Hamilton during the third quarter worth about $49,000. Finally, Signaturefd LLC grew its position in shares of Booz Allen Hamilton by 42.2% during the 3rd quarter. Signaturefd LLC now owns 734 shares of the business services provider’s stock worth $51,000 after buying an additional 218 shares during the period. 91.82% of the stock is owned by institutional investors and hedge funds.
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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