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

Booz Allen Hamilton (NYSE:BAH) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Saturday, Wall Street Zen reports.

Several other research analysts also recently weighed in on the company. UBS Group boosted their target price on Booz Allen Hamilton from $70.00 to $78.00 and gave the stock a “neutral” rating in a research note on Monday, July 27th. Citigroup dropped their target price on shares of Booz Allen Hamilton from $88.00 to $69.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 1st. Truist Financial cut their target price on Booz Allen Hamilton from $85.00 to $70.00 and set a “hold” rating on the stock in a research report on Friday, July 10th. JPMorgan Chase & Co. reduced their price target on shares of Booz Allen Hamilton from $97.00 to $85.00 and set an “underweight” rating for the company in a research report on Tuesday, May 26th. Finally, Bank of America decreased 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 note on Monday, July 20th. Three equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Reduce” and a consensus target price of $83.69.

Booz Allen Hamilton Trading Up 0.1%

NYSE BAH opened at $77.12 on Friday. The company has a market capitalization of $9.28 billion, a price-to-earnings ratio of 12.13 and a beta of 0.36. The company’s 50-day simple moving average is $73.11 and its two-hundred day simple moving average is $74.76. 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 one year low of $59.50 and a one year high of $109.10.

Booz Allen Hamilton (NYSE:BAH) last posted its earnings results on Friday, July 24th. The business services provider reported $1.81 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.32. The company had revenue of $1.97 billion during 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%.Booz Allen Hamilton’s revenue was down 4.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.48 earnings per share. Booz Allen Hamilton has set its FY 2027 guidance at 6.000-6.35 EPS. Equities analysts forecast that Booz Allen Hamilton will post 6.33 EPS for the current fiscal year.

Institutional Investors Weigh In On Booz Allen Hamilton

Large investors have recently bought and sold shares of the company. T. Rowe Price Investment Management Inc. increased its holdings in shares of Booz Allen Hamilton by 38.4% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 6,528,226 shares of the business services provider’s stock valued at $550,722,000 after purchasing an additional 1,811,906 shares during the last quarter. Geode Capital Management LLC grew its holdings in Booz Allen Hamilton by 5.1% in the 4th quarter. Geode Capital Management LLC now owns 2,534,914 shares of the business services provider’s stock valued at $213,308,000 after buying an additional 123,076 shares in the last quarter. Black Creek Investment Management Inc. grew its holdings in 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 buying an additional 416,702 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of Booz Allen Hamilton by 1.8% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,590,848 shares of the business services provider’s stock worth $208,226,000 after acquiring an additional 45,276 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Booz Allen Hamilton in the 4th quarter worth $143,749,000. 91.82% of the stock is currently owned by hedge funds and other institutional investors.

Booz Allen Hamilton Company Profile

Booz Allen Hamilton Holding Corporation, operating as Booz Allen Hamilton, is a management and technology consulting company that primarily serves the U.S. government. Its clients include defense, intelligence, civil government, and national security organizations, as well as select commercial and international customers.

The company provides consulting and technology services focused on artificial intelligence, data and analytics, cybersecurity, digital transformation, engineering, cloud computing, and mission operations.