Bank of America Issues Pessimistic Forecast for Booz Allen Hamilton (NYSE:BAH) Stock Price

Booz Allen Hamilton (NYSE:BAH) had its target price decreased by stock analysts at Bank of America from $90.00 to $75.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has an “underperform” rating on the business services provider’s stock. Bank of America‘s price objective points to a potential upside of 17.30% from the company’s previous close.

Several other brokerages also recently commented on BAH. Truist Financial lowered their price target on Booz Allen Hamilton from $85.00 to $70.00 and set a “hold” rating on the stock in a report on Friday, July 10th. Stifel Nicolaus set a $110.00 price objective on shares of Booz Allen Hamilton and gave the stock a “buy” rating in a research note on Tuesday, May 26th. JPMorgan Chase & Co. decreased their price objective on shares of Booz Allen Hamilton from $97.00 to $85.00 and set an “underweight” rating for the company in a report on Tuesday, May 26th. UBS Group reiterated a “neutral” rating and issued a $83.00 target price on shares of Booz Allen Hamilton in a research note on Tuesday, May 26th. Finally, The Goldman Sachs Group dropped their target price on shares of Booz Allen Hamilton from $74.00 to $65.00 and set a “sell” rating on the stock in a report on Tuesday, July 14th. Two equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of $79.83.

Booz Allen Hamilton Price Performance

Shares of NYSE:BAH opened at $63.94 on Monday. The stock has a market capitalization of $7.66 billion, a P/E ratio of 9.28, a P/E/G ratio of 3.64 and a beta of 0.36. The business has a 50-day moving average of $70.63 and a two-hundred day moving average of $78.59. Booz Allen Hamilton has a fifty-two week low of $59.50 and a fifty-two week high of $120.04. The company has a debt-to-equity ratio of 3.55, a current ratio of 1.78 and a quick ratio of 1.78.

Booz Allen Hamilton (NYSE:BAH) last issued its quarterly earnings data on Friday, May 22nd. The business services provider reported $1.78 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $0.46. Booz Allen Hamilton had a return on equity of 76.07% and a net margin of 7.59%.The business had revenue of $1.91 billion for the quarter, compared to analyst estimates of $2.87 billion. During the same quarter in the prior year, the firm posted $1.61 EPS. The firm’s revenue for the quarter was down 5.9% on a year-over-year basis. Booz Allen Hamilton has set its FY 2027 guidance at 6.000-6.350 EPS. On average, equities research analysts predict that Booz Allen Hamilton will post 6.31 EPS for the current fiscal year.

Institutional Investors Weigh In On Booz Allen Hamilton

Several hedge funds have recently made changes to their positions in BAH. Vaughan Nelson Investment Management L.P. acquired a new position in shares of Booz Allen Hamilton in the fourth quarter valued at $45,327,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Booz Allen Hamilton by 15.9% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 128,890 shares of the business services provider’s stock worth $10,941,000 after buying an additional 17,686 shares in the last quarter. Teachers Retirement System of The State of Kentucky acquired a new stake in Booz Allen Hamilton during the fourth quarter worth $3,121,000. Legal & General Group Plc increased its holdings in Booz Allen Hamilton by 9.9% in the 4th quarter. Legal & General Group Plc now owns 537,400 shares of the business services provider’s stock valued at $45,335,000 after buying an additional 48,457 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. increased its holdings in Booz Allen Hamilton by 8.3% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 287,922 shares of the business services provider’s stock valued at $24,289,000 after buying an additional 22,105 shares during the period. Institutional investors own 91.82% of the company’s stock.

About Booz Allen Hamilton

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.