Booz Allen Hamilton Holding Co. (BAH) Given Consensus Rating of “Buy” by Brokerages

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.

Booz Allen Hamilton (NYSE:BAH) last posted its earnings results on Monday, November 6th. The business services provider reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.02. Booz Allen Hamilton had a net margin of 4.52% and a return on equity of 48.30%. The firm had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same period in the previous year, the firm earned $0.46 EPS. The business’s quarterly revenue was up 10.6% on a year-over-year basis. equities research analysts forecast that Booz Allen Hamilton will post 1.96 EPS for the current year.

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.

Analyst Recommendations for Booz Allen Hamilton (NYSE:BAH)

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