Booz Allen Hamilton (NYSE:BAH)‘s stock had its “buy” rating reissued by equities researchers at Stifel Nicolaus in a research report issued to clients and investors on Tuesday. They currently have a $50.00 price objective on the business services provider’s stock. Stifel Nicolaus’ target price would indicate a potential upside of 27.32% from the stock’s current price.
Other research analysts also recently issued reports about the company. SunTrust Banks started coverage on Booz Allen Hamilton in a research note on Friday, December 1st. They set a “buy” rating and a $47.00 price target on the stock. Zacks Investment Research raised Booz Allen Hamilton from a “hold” rating to a “buy” rating and set a $42.00 price target on the stock in a research note on Wednesday, November 8th. Jefferies Group raised Booz Allen Hamilton from a “hold” rating to a “buy” rating in a research note on Tuesday, November 7th. Cowen reaffirmed a “buy” rating and set a $50.00 price target (up from $41.00) on shares of Booz Allen Hamilton in a research note on Thursday, October 12th. Finally, Vertical Research raised Booz Allen Hamilton from a “hold” rating to a “buy” rating and set a $42.00 price target on the stock in a research note on Tuesday, October 3rd. Six analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Booz Allen Hamilton has a consensus rating of “Buy” and a consensus target price of $41.32.
Booz Allen Hamilton (BAH) opened at $39.27 on Tuesday. Booz Allen Hamilton has a 52 week low of $31.06 and a 52 week high of $39.67. The company has a debt-to-equity ratio of 3.33, a quick ratio of 1.49 and a current ratio of 1.49. The firm has a market capitalization of $5,730.00, a P/E ratio of 21.82, a P/E/G ratio of 2.36 and a beta of 1.28.
In other Booz Allen Hamilton news, insider Susan L. Penfield sold 30,022 shares of the business’s stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $38.31, for a total transaction of $1,150,142.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 3.04% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of BAH. Ameriprise Financial Inc. increased its holdings in Booz Allen Hamilton by 92.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 3,405,492 shares of the business services provider’s stock worth $110,798,000 after purchasing an additional 1,636,510 shares in the last quarter. Citadel Advisors LLC increased its holdings in Booz Allen Hamilton by 120.4% during the 3rd quarter. Citadel Advisors LLC now owns 2,877,330 shares of the business services provider’s stock worth $107,583,000 after purchasing an additional 1,571,542 shares in the last quarter. Findlay Park Partners LLP increased its holdings in Booz Allen Hamilton 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 purchasing an additional 1,261,292 shares in the last quarter. Southpoint Capital Advisors LP bought a new stake in Booz Allen Hamilton during the 2nd quarter worth approximately $19,524,000. Finally, ETF Managers Group LLC bought a new stake in Booz Allen Hamilton during the 2nd quarter worth approximately $14,277,000. 92.81% of the stock is owned by hedge funds and other institutional investors.
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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.
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