Booz Allen Hamilton Holding Corporation (NYSE:BAH)‘s stock had its “buy” rating restated by stock analysts at Cowen and Company in a research report issued on Thursday. They presently have a $50.00 price target on the business services provider’s stock, up from their prior price target of $41.00. Cowen and Company’s price objective points to a potential upside of 30.45% from the company’s previous close.

Several other analysts have also weighed in on BAH. Vertical Research lowered shares of Booz Allen Hamilton Holding Corporation from a “buy” rating to a “hold” rating and lowered their price objective for the company from $42.00 to $36.00 in a research note on Friday, June 16th. Drexel Hamilton lowered shares of Booz Allen Hamilton Holding Corporation from a “buy” rating to a “hold” rating and decreased their price target for the company from $39.67 to $27.47 in a research note on Friday, June 16th. Raymond James Financial, Inc. restated a “market perform” rating on shares of Booz Allen Hamilton Holding Corporation in a research note on Friday, June 16th. Bank of America Corporation lowered shares of Booz Allen Hamilton Holding Corporation from a “buy” rating to a “neutral” rating in a research note on Friday, June 16th. Finally, Wells Fargo & Company restated an “outperform” rating and set a $40.00 price target (down previously from $43.00) on shares of Booz Allen Hamilton Holding Corporation in a research note on Friday, June 16th. Six research 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 company. The stock presently has a consensus rating of “Buy” and a consensus target price of $39.50.

Shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH) traded up 2.21% during midday trading on Thursday, hitting $38.33. 1,351,849 shares of the stock traded hands. The stock has a market capitalization of $5.70 billion, a P/E ratio of 21.99 and a beta of 1.30. Booz Allen Hamilton Holding Corporation has a 52 week low of $29.67 and a 52 week high of $39.67. The firm has a 50-day moving average price of $36.00 and a 200-day moving average price of $35.35.

Booz Allen Hamilton Holding Corporation (NYSE:BAH) last released its quarterly earnings data on Monday, August 7th. The business services provider reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.06. The company had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.52 billion. Booz Allen Hamilton Holding Corporation had a net margin of 4.50% and a return on equity of 48.35%. Booz Allen Hamilton Holding Corporation’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.46 EPS. On average, equities analysts predict that Booz Allen Hamilton Holding Corporation will post $1.92 earnings per share for the current fiscal year.

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In other Booz Allen Hamilton Holding Corporation news, insider Karen M. Dahut sold 46,406 shares of Booz Allen Hamilton Holding Corporation stock in a transaction on Wednesday, October 4th. The shares were sold at an average price of $38.02, for a total transaction of $1,764,356.12. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Karen M. Dahut sold 36,000 shares of Booz Allen Hamilton Holding Corporation stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $34.02, for a total transaction of $1,224,720.00. The disclosure for this sale can be found here. Insiders have sold a total of 150,407 shares of company stock worth $5,434,430 over the last ninety days. Insiders own 3.04% of the company’s stock.

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

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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