Booz Allen Hamilton’s (BAH) “Buy” Rating Reaffirmed at Stifel Nicolaus

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.

Booz Allen Hamilton (NYSE:BAH) last posted its quarterly earnings results on Monday, November 6th. The business services provider reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.02. Booz Allen Hamilton had a return on equity of 48.30% and a net margin of 4.52%. The business had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same period in the prior year, the business earned $0.46 EPS. The firm’s revenue for the quarter was up 10.6% on a year-over-year basis. analysts anticipate that Booz Allen Hamilton will post 1.92 earnings per share for the current year.

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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