Booz Allen Hamilton Holding Corporation (BAH) Rating Increased to Buy at Zacks Investment Research

Booz Allen Hamilton Holding Corporation (NYSE:BAH) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Monday. The firm presently has a $42.00 price objective on the business services provider’s stock. Zacks Investment Research‘s target price would indicate a potential upside of 11.14% from the stock’s current price.

According to Zacks, “Booz Allen Hamilton Inc. is engaged in providing management and technology consulting services to the U.S. government in the defense, intelligence and civil markets. Technological services offered by the Company include Cyber technologies, SE&I, Systems development and Strategic technology and innovation. Its major clients include the Department of Defense, all branches of the U.S. military, the U.S. Intelligence Community, and civil agencies such as the Department of Homeland Security, the Department of Energy, the Department of Health and Human Services, the Department of the Treasury and the Environmental Protection Agency. Booz Allen Hamilton Inc. is headquartered in McLean, Virginia, the United States of America. “

Several other equities research analysts have also issued reports on BAH. Vertical Research lowered Booz Allen Hamilton Holding Corporation from a “buy” rating to a “hold” rating and reduced their price target for the company from $42.00 to $36.00 in a report on Friday, June 16th. Drexel Hamilton lowered Booz Allen Hamilton Holding Corporation from a “buy” rating to a “hold” rating and reduced their price target for the company from $39.67 to $27.47 in a report on Friday, June 16th. Raymond James Financial, Inc. reiterated a “market perform” rating on shares of Booz Allen Hamilton Holding Corporation in a report on Friday, June 16th. Bank of America Corporation lowered Booz Allen Hamilton Holding Corporation from a “buy” rating to a “neutral” rating in a report on Friday, June 16th. Finally, Wells Fargo & Company reiterated an “outperform” rating and set a $40.00 price target (down from $43.00) on shares of Booz Allen Hamilton Holding Corporation in a report on Friday, June 16th. Six investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Booz Allen Hamilton Holding Corporation has a consensus rating of “Buy” and a consensus price target of $38.50.

Shares of Booz Allen Hamilton Holding Corporation (BAH) opened at 37.79 on Monday. The company’s 50-day moving average is $35.80 and its 200-day moving average is $35.31. Booz Allen Hamilton Holding Corporation has a 52-week low of $29.63 and a 52-week high of $39.67. The firm has a market cap of $5.62 billion, a P/E ratio of 21.68 and a beta of 1.30.

Booz Allen Hamilton Holding Corporation (NYSE:BAH) last announced its quarterly earnings results on Monday, August 7th. The business services provider reported $0.53 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.06. The business had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.52 billion. Booz Allen Hamilton Holding Corporation had a return on equity of 48.35% and a net margin of 4.50%. The firm’s revenue was up 5.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.46 EPS. Equities research analysts forecast that Booz Allen Hamilton Holding Corporation will post $1.92 earnings per share for the current fiscal year.

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In related news, insider Karen M. Dahut sold 46,406 shares of the firm’s stock in a transaction that occurred on Wednesday, October 4th. The stock was sold at an average price of $38.02, for a total value of $1,764,356.12. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Peter J. Clare acquired 10,000 shares of the business’s stock in a transaction that occurred on Thursday, August 10th. The stock was bought at an average cost of $32.30 per share, for a total transaction of $323,000.00. The disclosure for this purchase can be found here. Insiders sold a total of 150,407 shares of company stock worth $5,434,430 over the last three months. 3.04% of the stock is owned by company insiders.

Hedge funds have recently modified their holdings of the stock. Brookstone Capital Management bought a new position in shares of Booz Allen Hamilton Holding Corporation in the 2nd quarter valued at approximately $255,000. Cambridge Investment Research Advisors Inc. bought a new position in shares of Booz Allen Hamilton Holding Corporation in the 2nd quarter valued at approximately $277,000. JPMorgan Chase & Co. raised its stake in shares of Booz Allen Hamilton Holding Corporation by 73.8% in the 1st quarter. JPMorgan Chase & Co. now owns 537,505 shares of the business services provider’s stock valued at $19,022,000 after acquiring an additional 228,253 shares in the last quarter. Findlay Park Partners LLP raised its stake in shares of Booz Allen Hamilton Holding Corporation by 51.7% in the 2nd quarter. Findlay Park Partners LLP now owns 3,700,000 shares of the business services provider’s stock valued at $120,398,000 after acquiring an additional 1,261,292 shares in the last quarter. Finally, Citadel Advisors LLC raised its stake in shares of Booz Allen Hamilton Holding Corporation by 12,218.8% in the 2nd quarter. Citadel Advisors LLC now owns 1,305,788 shares of the business services provider’s stock valued at $42,490,000 after acquiring an additional 1,295,188 shares in the last quarter. 93.62% of the stock is currently owned by institutional investors and hedge funds.

Booz Allen Hamilton Holding Corporation Company Profile

Booz Allen Hamilton Holding Corporation is a holding company. The Company is a provider of management and technology, consulting and engineering services to the United States and international governments, corporations and not-for-profit organizations. The Company’s client base includes government, commercial and international clients.

Analyst Recommendations for Booz Allen Hamilton Holding Corporation (NYSE:BAH)

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