Booz Allen Hamilton (BAH) Earns Buy Rating from Analysts at SunTrust Banks

Investment analysts at SunTrust Banks initiated coverage on shares of Booz Allen Hamilton (NYSE:BAH) in a research report issued to clients and investors on Friday, MarketBeat Ratings reports. The firm set a “buy” rating and a $47.00 price target on the business services provider’s stock. SunTrust Banks’ price target suggests a potential upside of 21.92% from the company’s previous close.

A number of other research analysts also recently weighed in on the stock. Zacks Investment Research upgraded shares of Booz Allen Hamilton from a “hold” rating to a “buy” rating and set a $42.00 price target on the stock in a report on Wednesday, November 8th. Cowen reiterated a “buy” rating and issued a $50.00 target price (up previously from $41.00) on shares of Booz Allen Hamilton in a report on Thursday, October 12th. Wells Fargo & Company lifted their target price on shares of Booz Allen Hamilton from $40.00 to $42.00 and gave the stock an “outperform” rating in a report on Wednesday, October 25th. BidaskClub upgraded shares of Booz Allen Hamilton from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 24th. Finally, ValuEngine downgraded shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating in a report on Saturday, November 4th. Six investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $40.95.

Booz Allen Hamilton (BAH) traded down $0.14 during trading on Friday, hitting $38.55. 870,009 shares of the stock were exchanged, compared to its average volume of 1,145,205. The company has a market cap of $5,640.00, a P/E ratio of 20.51, a P/E/G ratio of 2.34 and a beta of 1.28. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 3.33. Booz Allen Hamilton has a fifty-two week low of $31.06 and a fifty-two week high of $39.67.

Booz Allen Hamilton (NYSE:BAH) last released its quarterly earnings results on Monday, November 6th. The business services provider reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.02. The business had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.50 billion. Booz Allen Hamilton had a net margin of 4.52% and a return on equity of 48.30%. Booz Allen Hamilton’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.46 EPS. equities research analysts anticipate that Booz Allen Hamilton will post 1.91 EPS for the current year.

In other Booz Allen Hamilton news, insider Karen M. Dahut sold 46,406 shares of the firm’s stock in a transaction on Wednesday, October 4th. The shares were sold at an average price of $38.02, for a total value of $1,764,356.12. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Horacio Rozanski sold 30,000 shares of the firm’s stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $36.01, for a total transaction of $1,080,300.00. The disclosure for this sale can be found here. Insiders sold a total of 104,406 shares of company stock worth $3,871,976 over the last 90 days. Company insiders own 3.04% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Advisor Group Inc. grew its position in Booz Allen Hamilton by 13.1% in the 2nd quarter. Advisor Group Inc. now owns 3,497 shares of the business services provider’s stock worth $113,000 after purchasing an additional 405 shares during the last quarter. Public Employees Retirement Association of Colorado grew its position in Booz Allen Hamilton by 27.8% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 4,602 shares of the business services provider’s stock worth $150,000 after purchasing an additional 1,001 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in Booz Allen Hamilton by 8.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,603 shares of the business services provider’s stock worth $150,000 after purchasing an additional 347 shares during the last quarter. Tudor Investment Corp ET AL acquired a new stake in shares of Booz Allen Hamilton during the 2nd quarter valued at about $206,000. Finally, Fiduciary Trust Co. acquired a new stake in shares of Booz Allen Hamilton during the 2nd quarter valued at about $217,000. Institutional investors own 92.56% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “Booz Allen Hamilton (BAH) Earns Buy Rating from Analysts at SunTrust Banks” was originally reported by American Banking News and is owned by of American Banking News. If you are accessing this report on another website, it was copied illegally and reposted in violation of U.S. and international copyright & trademark legislation. The legal version of this report can be accessed at https://www.americanbankingnews.com/2017/12/01/booz-allen-hamilton-bah-earns-buy-rating-from-analysts-at-suntrust-banks.html.

Booz Allen Hamilton 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 (NYSE:BAH)

Receive News & Ratings for Booz Allen Hamilton Holding Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Booz Allen Hamilton Holding Co. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply