Booz Allen Hamilton (NYSE:BAH) Stock Rating Upgraded by Wall Street Zen

Booz Allen Hamilton (NYSE:BAH) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Saturday, Wall Street Zen reports.

Several other equities research analysts have also issued reports on the stock. Stifel Nicolaus set a $110.00 price target on shares of Booz Allen Hamilton and gave the company a “buy” rating in a report on Tuesday, May 26th. JPMorgan Chase & Co. cut their target price on shares of Booz Allen Hamilton from $97.00 to $85.00 and set an “underweight” rating on the stock in a research report on Tuesday, May 26th. UBS Group boosted their target price on shares of Booz Allen Hamilton from $70.00 to $78.00 and gave the stock a “neutral” rating in a research note on Monday, July 27th. The Goldman Sachs Group lowered their price target on shares of Booz Allen Hamilton from $74.00 to $65.00 and set a “sell” rating for the company in a report on Tuesday, July 14th. Finally, Citigroup dropped their price target on Booz Allen Hamilton from $88.00 to $69.00 and set a “neutral” rating for the company in a research note on Wednesday, July 1st. Three equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and an average price target of $83.69.

Booz Allen Hamilton Trading Up 0.2%

Shares of BAH opened at $72.94 on Friday. The company has a debt-to-equity ratio of 3.26, a quick ratio of 1.59 and a current ratio of 1.60. Booz Allen Hamilton has a 52-week low of $59.50 and a 52-week high of $109.10. The firm has a market cap of $8.77 billion, a price-to-earnings ratio of 11.47, a PEG ratio of 3.76 and a beta of 0.36. The business’s fifty day moving average is $70.29 and its 200-day moving average is $74.84.

Booz Allen Hamilton (NYSE:BAH) last released its quarterly earnings data on Friday, July 24th. The business services provider reported $1.81 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.32. The business had revenue of $1.97 billion for the quarter, compared to analyst estimates of $2.81 billion. Booz Allen Hamilton had a return on equity of 76.71% and a net margin of 7.01%.Booz Allen Hamilton’s revenue was down 4.2% compared to the same quarter last year. During the same period last year, the firm posted $1.48 earnings per share. Booz Allen Hamilton has set its FY 2027 guidance at 6.000-6.35 EPS. Equities analysts anticipate that Booz Allen Hamilton will post 6.33 EPS for the current fiscal year.

Hedge Funds Weigh In On Booz Allen Hamilton

Several hedge funds and other institutional investors have recently bought and sold shares of BAH. California State Teachers Retirement System boosted its position in Booz Allen Hamilton by 5,743.0% during the second quarter. California State Teachers Retirement System now owns 8,467,773 shares of the business services provider’s stock valued at $513,740,000 after acquiring an additional 8,322,852 shares during the last quarter. Primecap Management Co. CA raised its position in shares of Booz Allen Hamilton by 135.2% in the 4th quarter. Primecap Management Co. CA now owns 4,666,298 shares of the business services provider’s stock worth $393,649,000 after acquiring an additional 2,682,460 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its stake in shares of Booz Allen Hamilton by 38.4% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 6,528,226 shares of the business services provider’s stock valued at $550,722,000 after purchasing an additional 1,811,906 shares during the period. Norges Bank acquired a new position in shares of Booz Allen Hamilton in the 4th quarter valued at about $143,749,000. Finally, State Street Corp boosted its position in shares of Booz Allen Hamilton by 53.2% during the 4th quarter. State Street Corp now owns 4,402,897 shares of the business services provider’s stock valued at $371,428,000 after purchasing an additional 1,528,739 shares in the last quarter. Institutional investors and hedge funds own 91.82% of the company’s stock.

Booz Allen Hamilton Company Profile

Booz Allen Hamilton Holding Corporation is a publicly traded management and technology consulting firm headquartered in McLean, Virginia. The company provides a wide range of professional services and solutions in strategy, analytics, digital transformation, engineering and cyber security. Its expertise spans from supporting federal civilian agencies to defense, intelligence and homeland security organizations, as well as select commercial industries.

Key offerings include data analytics and artificial intelligence applications, software development and modernization, systems integration, and cyber risk management.