Booz Allen Hamilton Holding Corporation (NYSE:BAH) Receives Consensus Rating of “Hold” from Brokerages

Booz Allen Hamilton Holding Corporation (NYSE:BAH) has earned an average recommendation of “Hold” from the sixteen ratings firms that are currently covering the firm, MarketBeat reports. Four research analysts have rated the stock with a sell rating, nine have given a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $109.4615.

Several equities analysts recently weighed in on the stock. Weiss Ratings lowered shares of Booz Allen Hamilton from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, January 12th. Truist Financial set a $90.00 target price on shares of Booz Allen Hamilton in a research report on Friday, October 24th. JPMorgan Chase & Co. lowered their price target on shares of Booz Allen Hamilton from $122.00 to $90.00 and set an “underweight” rating on the stock in a report on Monday, October 27th. TD Cowen lowered Booz Allen Hamilton from a “buy” rating to a “hold” rating in a report on Friday, October 17th. Finally, Citigroup raised their target price on Booz Allen Hamilton from $93.00 to $109.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 13th.

Booz Allen Hamilton Stock Performance

Shares of Booz Allen Hamilton stock opened at $95.74 on Friday. The business’s fifty day simple moving average is $87.92 and its 200 day simple moving average is $97.34. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 3.89. Booz Allen Hamilton has a 12 month low of $79.23 and a 12 month high of $146.95. The firm has a market capitalization of $11.61 billion, a P/E ratio of 14.62, a price-to-earnings-growth ratio of 1.68 and a beta of 0.34.

Booz Allen Hamilton (NYSE:BAH) last announced its earnings results on Friday, October 24th. The business services provider reported $1.49 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.49. The firm had revenue of $2.89 billion during the quarter, compared to analyst estimates of $2.99 billion. Booz Allen Hamilton had a return on equity of 71.87% and a net margin of 7.06%.The business’s revenue was down 8.1% compared to the same quarter last year. During the same period last year, the firm posted $1.81 EPS. As a group, analysts anticipate that Booz Allen Hamilton will post 6.44 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Horacio Rozanski acquired 23,800 shares of the stock in a transaction that occurred on Thursday, October 30th. The shares were acquired at an average cost of $84.66 per share, for a total transaction of $2,014,908.00. Following the purchase, the chief executive officer owned 687,745 shares of the company’s stock, valued at approximately $58,224,491.70. The trade was a 3.58% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.91% of the company’s stock.

Hedge Funds Weigh In On Booz Allen Hamilton

Several large investors have recently modified their holdings of BAH. Rakuten Securities Inc. lifted its stake in shares of Booz Allen Hamilton by 414.6% during the 2nd quarter. Rakuten Securities Inc. now owns 247 shares of the business services provider’s stock valued at $26,000 after buying an additional 199 shares in the last quarter. West Branch Capital LLC raised its holdings in Booz Allen Hamilton by 58.3% during the 3rd quarter. West Branch Capital LLC now owns 285 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 105 shares during the period. Cornerstone Planning Group LLC lifted its position in shares of Booz Allen Hamilton by 244.0% during the third quarter. Cornerstone Planning Group LLC now owns 289 shares of the business services provider’s stock worth $29,000 after acquiring an additional 205 shares in the last quarter. Fulcrum Asset Management LLP bought a new position in shares of Booz Allen Hamilton in the third quarter worth $32,000. Finally, Aventura Private Wealth LLC bought a new position in shares of Booz Allen Hamilton in the fourth quarter worth $27,000. Hedge funds and other institutional investors own 91.82% of the company’s stock.

Booz Allen Hamilton Company Profile

Booz Allen Hamilton Holding Corporation is a publicly traded management and technology consulting firm headquartered in McLean, Virginia. The company provides a wide range of professional services and solutions in strategy, analytics, digital transformation, engineering and cyber security. Its expertise spans from supporting federal civilian agencies to defense, intelligence and homeland security organizations, as well as select commercial industries.

Key offerings include data analytics and artificial intelligence applications, software development and modernization, systems integration, and cyber risk management.