Shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) have been given a consensus recommendation of “Buy” by the fifteen brokerages that are presently covering the stock, MarketBeat reports. Six research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $41.85.
A number of equities research analysts recently issued reports on BAH shares. Zacks Investment Research raised shares of 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. Stifel Nicolaus assumed coverage on shares of Booz Allen Hamilton in a research note on Tuesday, November 21st. They issued a “buy” rating and a $46.00 price target on the stock. Cowen reaffirmed a “buy” rating and set a $50.00 target price (up previously from $41.00) on shares of Booz Allen Hamilton in a research note on Thursday, October 12th. Wells Fargo & Co lifted their target price 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. Finally, ValuEngine cut shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research note on Saturday, November 4th.
Booz Allen Hamilton (NYSE BAH) traded up $0.02 during trading hours on Friday, hitting $39.65. 797,787 shares of the stock traded hands, compared to its average volume of 813,946. 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 stock has a market cap 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 has a 52-week low of $31.06 and a 52-week high of $40.25.
In other news, insider Susan L. Penfield sold 30,022 shares of the business’s 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 at this hyperlink. Also, CFO Lloyd Howell, Jr. sold 11,745 shares of the business’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. In the last three months, insiders have sold 159,511 shares of company stock worth $6,316,044. Corporate insiders own 3.04% of the company’s stock.
Several hedge funds have recently made changes to their positions in the company. Advisor Group Inc. raised its holdings in Booz Allen Hamilton by 13.1% in the 2nd quarter. Advisor Group Inc. now owns 3,497 shares of the business services provider’s stock valued at $113,000 after buying an additional 405 shares during the period. The Manufacturers Life Insurance Company raised its holdings in Booz Allen Hamilton by 8.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,603 shares of the business services provider’s stock valued at $150,000 after buying an additional 347 shares during the period. Tudor Investment Corp ET AL purchased a new stake in Booz Allen Hamilton in the 2nd quarter valued at about $206,000. Koch Industries Inc. purchased a new stake in Booz Allen Hamilton in the 2nd quarter valued at about $234,000. Finally, Ramsey Quantitative Systems purchased a new stake in Booz Allen Hamilton in the 2nd quarter valued at about $281,000. 92.81% of the stock is currently owned by hedge funds and other institutional investors.
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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.
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