Booz Allen Hamilton Holding Co. (BAH) Given Average Recommendation of “Buy” by Analysts

Shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) have been given an average recommendation of “Buy” by the fifteen analysts that are presently covering the firm, Marketbeat.com reports. Six analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $41.85.

A number of research firms recently issued reports on BAH. Stifel Nicolaus reaffirmed a “buy” rating and set a $50.00 price target on shares of Booz Allen Hamilton in a research note on Tuesday, January 9th. SunTrust Banks assumed coverage on shares of Booz Allen Hamilton in a research note on Friday, December 1st. They issued a “buy” rating and a $47.00 target price on the stock. ValuEngine downgraded shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research note on Saturday, November 4th. Zacks Investment Research downgraded shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research note on Wednesday, October 18th. Finally, Wells Fargo & Co raised their price target on shares of Booz Allen Hamilton from $40.00 to $42.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 25th.

Shares of Booz Allen Hamilton (NYSE BAH) traded up $0.02 during trading hours on Friday, hitting $39.65. 797,787 shares of the company were exchanged, compared to its average volume of 813,946. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 3.33. Booz Allen Hamilton has a 12-month low of $31.06 and a 12-month high of $40.25. The company has a market capitalization of $5,780.00, a price-to-earnings ratio of 22.03, a price-to-earnings-growth ratio of 2.41 and a beta of 1.28.

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 (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.02. The company 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 was up 10.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.46 earnings per share. equities research analysts anticipate that Booz Allen Hamilton will post 1.96 EPS for the current year.

In other Booz Allen Hamilton news, insider Susan L. Penfield sold 30,022 shares of the stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $38.31, for a total transaction of $1,150,142.82. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Lloyd Howell, Jr. sold 11,745 shares of the firm’s stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $39.50, for a total transaction of $463,927.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 159,511 shares of company stock worth $6,316,044. 3.04% of the stock is owned by company insiders.

Several large investors have recently added to or reduced their stakes in BAH. Comerica Bank boosted its holdings in shares of Booz Allen Hamilton by 10.0% in the 2nd quarter. Comerica Bank now owns 9,562 shares of the business services provider’s stock valued at $324,000 after buying an additional 873 shares in the last quarter. Neuberger Berman Group LLC raised its position in shares of Booz Allen Hamilton by 9.1% in the 2nd quarter. Neuberger Berman Group LLC now owns 11,157 shares of the business services provider’s stock valued at $363,000 after purchasing an additional 935 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of Booz Allen Hamilton by 6.4% in the 2nd quarter. Principal Financial Group Inc. now owns 42,125 shares of the business services provider’s stock valued at $1,372,000 after purchasing an additional 2,531 shares during the last quarter. Eaton Vance Management raised its position in shares of Booz Allen Hamilton by 42.8% in the 2nd quarter. Eaton Vance Management now owns 40,647 shares of the business services provider’s stock valued at $1,323,000 after purchasing an additional 12,189 shares during the last quarter. Finally, BlackRock Inc. raised its position in shares of Booz Allen Hamilton by 3.5% in the 2nd quarter. BlackRock Inc. now owns 8,513,954 shares of the business services provider’s stock valued at $277,044,000 after purchasing an additional 286,535 shares during the last quarter. Institutional investors and hedge funds own 92.81% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Booz Allen Hamilton Holding Co. (BAH) Given Average Recommendation of “Buy” by Analysts” was first published by American Banking News and is the property of of American Banking News. If you are viewing this article on another site, it was illegally stolen and reposted in violation of US & international copyright laws. The legal version of this article can be viewed at https://www.americanbankingnews.com/2018/01/19/booz-allen-hamilton-holding-co-bah-given-average-recommendation-of-buy-by-analysts.html.

About Booz Allen Hamilton

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

Leave a Reply