Booz Allen Hamilton Holding Corporation (NYSE:BAH) was upgraded by equities research analysts at BidaskClub from a “hold” rating to a “buy” rating in a report released on Friday.

Other equities research analysts have also issued reports about the company. Cowen and Company reissued an “outperform” rating and issued a $43.00 price target on shares of Booz Allen Hamilton Holding Corporation in a research report on Tuesday, July 4th. Wells Fargo & Company reissued an “outperform” rating and issued a $40.00 price target (down from $43.00) on shares of Booz Allen Hamilton Holding Corporation in a research report on Friday, June 16th. Vertical Research lowered Booz Allen Hamilton Holding Corporation from a “buy” rating to a “hold” rating and lowered their price target for the company from $42.00 to $36.00 in a research report on Friday, June 16th. Jefferies Group LLC lowered Booz Allen Hamilton Holding Corporation from a “buy” rating to a “hold” rating and set a $36.00 price target for the company. in a research report on Monday, July 17th. Finally, Zacks Investment Research downgraded Booz Allen Hamilton Holding Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, May 16th. Eight investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $37.35.

Booz Allen Hamilton Holding Corporation (BAH) traded up 1.01% during trading on Friday, hitting $33.85. 359,241 shares of the company traded hands. The firm has a market capitalization of $5.03 billion, a P/E ratio of 19.42 and a beta of 1.31. The stock has a 50-day moving average price of $33.54 and a 200-day moving average price of $35.30. Booz Allen Hamilton Holding Corporation has a 12-month low of $29.55 and a 12-month high of $39.67.

Booz Allen Hamilton Holding Corporation (NYSE:BAH) last released its quarterly earnings results on Monday, August 7th. The business services provider reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.06. The business had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.52 billion. Booz Allen Hamilton Holding Corporation had a return on equity of 48.35% and a net margin of 4.50%. Booz Allen Hamilton Holding Corporation’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.46 EPS. Equities analysts expect that Booz Allen Hamilton Holding Corporation will post $1.92 EPS for the current fiscal year.

TRADEMARK VIOLATION WARNING: This story was originally posted by Watch List News and is the sole property of of Watch List News. If you are reading this story on another website, it was illegally copied and reposted in violation of US and international copyright and trademark laws. The original version of this story can be read at https://www.watchlistnews.com/booz-allen-hamilton-holding-corporation-bah-lifted-to-buy-at-bidaskclub/1504458.html.

In other news, insider Karen M. Dahut sold 36,000 shares of the stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $34.02, for a total transaction of $1,224,720.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Joseph W. Mahaffee sold 120,000 shares of the stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $38.25, for a total value of $4,590,000.00. The disclosure for this sale can be found here. Insiders sold a total of 275,140 shares of company stock valued at $10,449,801 in the last 90 days. Corporate insiders own 3.04% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of BAH. SG Americas Securities LLC purchased a new position in Booz Allen Hamilton Holding Corporation during the first quarter valued at $102,000. Advisor Group Inc. increased its position in Booz Allen Hamilton Holding Corporation by 13.1% in the second 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 last quarter. Nomura Asset Management Co. Ltd. increased its position in Booz Allen Hamilton Holding Corporation by 7.8% in the first quarter. Nomura Asset Management Co. Ltd. now owns 3,470 shares of the business services provider’s stock valued at $123,000 after buying an additional 250 shares during the last quarter. Public Employees Retirement Association of Colorado increased its position in Booz Allen Hamilton Holding Corporation by 27.8% in the second quarter. Public Employees Retirement Association of Colorado now owns 4,602 shares of the business services provider’s stock valued at $150,000 after buying an additional 1,001 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in Booz Allen Hamilton Holding Corporation by 8.2% in the second 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 last quarter. Institutional investors own 90.88% of the company’s stock.

Booz Allen Hamilton Holding Corporation 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.

Analyst Recommendations for Booz Allen Hamilton Holding Corporation (NYSE:BAH)

Receive News & Ratings for Booz Allen Hamilton Holding Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Booz Allen Hamilton Holding Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.