Booz Allen Hamilton Holding Corp. Rating Lowered to Neutral at Zacks (BAH)
Booz Allen Hamilton Holding Corp. (NYSE:BAH) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a report issued on Tuesday, Stock Ratings Network reports. They currently have a $22.90 target price on the stock. Zacks‘ target price would suggest a potential upside of 20.40% from the company’s current price.
A number of other analysts have also recently weighed in on BAH. Analysts at Morgan Stanley initiated coverage on shares of Booz Allen Hamilton Holding Corp. (NYSE:BAH) in a research note to investors on Tuesday, September 24th. They set an “equal weight” rating and a $21.00 price target on the stock. Analysts at Bank of America Corp. initiated coverage on shares of Booz Allen Hamilton Holding Corp. (NYSE:BAH) in a research note to investors on Monday, August 26th. They set a “neutral” rating and a $24.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the company. The stock currently has an average rating of “Hold” and an average target price of $17.98.
Booz Allen Hamilton Holding Corp. (NYSE:BAH) traded down 1.55% during mid-day trading on Tuesday, hitting $19.02. 434,816 shares of the company’s stock traded hands. Booz Allen Hamilton Holding Corp. has a 52-week low of $12.12 and a 52-week high of $22.27. The stock’s 50-day moving average is $20.0 and its 200-day moving average is $17.39. The company has a market cap of $2.664 billion and a P/E ratio of 12.90.
Booz Allen Hamilton Holding Corp. (NYSE:BAH) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.10. The company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.41 billion. During the same quarter in the previous year, the company posted $0.46 earnings per share. The company’s revenue for the quarter was down .3% on a year-over-year basis. Analysts expect that Booz Allen Hamilton Holding Corp. will post $1.64 EPS for the current fiscal year.
Booz Allen Hamilton Holding Corporation (NYSE:BAH) is a united States-based company that provides of management and technology consulting services to the United States government in the defense, intelligence and civil markets.
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