Citigroup Cuts Booz Allen Hamilton (NYSE:BAH) Price Target to $69.00

Booz Allen Hamilton (NYSE:BAH) had its target price decreased by Citigroup from $88.00 to $69.00 in a report released on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the business services provider’s stock. Citigroup’s target price suggests a potential upside of 12.99% from the stock’s previous close.

A number of other brokerages also recently issued reports on BAH. UBS Group reissued a “neutral” rating and set a $83.00 price target on shares of Booz Allen Hamilton in a research report on Tuesday, May 26th. Weiss Ratings raised Booz Allen Hamilton from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, June 23rd. TD Cowen reiterated a “hold” rating on shares of Booz Allen Hamilton in a research report on Tuesday, May 26th. Stifel Nicolaus set a $110.00 target price on Booz Allen Hamilton and gave the stock a “buy” rating in a report on Tuesday, May 26th. Finally, Truist Financial decreased their price target on Booz Allen Hamilton from $98.00 to $85.00 and set a “hold” rating on the stock in a research report on Monday, April 20th. Two equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $86.50.

Booz Allen Hamilton Stock Performance

Shares of BAH stock traded up $0.40 on Wednesday, hitting $61.07. The company’s stock had a trading volume of 306,219 shares, compared to its average volume of 2,163,424. The company has a debt-to-equity ratio of 3.55, a quick ratio of 1.78 and a current ratio of 1.78. The stock’s 50 day moving average is $74.83 and its 200-day moving average is $81.07. Booz Allen Hamilton has a fifty-two week low of $59.50 and a fifty-two week high of $120.04. The company has a market capitalization of $7.31 billion, a PE ratio of 8.86, a PEG ratio of 3.54 and a beta of 0.32.

Booz Allen Hamilton (NYSE:BAH) last released its quarterly earnings results on Friday, May 22nd. The business services provider reported $1.78 EPS for the quarter, topping analysts’ consensus estimates of $1.32 by $0.46. Booz Allen Hamilton had a net margin of 7.59% and a return on equity of 76.07%. The business had revenue of $1.91 billion for the quarter, compared to analyst estimates of $2.87 billion. During the same period last year, the firm earned $1.61 earnings per share. Booz Allen Hamilton’s revenue for the quarter was down 5.9% compared to the same quarter last year. Booz Allen Hamilton has set its FY 2027 guidance at 6.000-6.350 EPS. Equities research analysts expect that Booz Allen Hamilton will post 6.23 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Booz Allen Hamilton

A number of institutional investors have recently modified their holdings of BAH. Vanguard Group Inc. lifted its position in shares of Booz Allen Hamilton by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 13,946,447 shares of the business services provider’s stock worth $1,176,522,000 after buying an additional 227,141 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its position in Booz Allen Hamilton by 38.4% in the fourth 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 acquiring an additional 1,811,906 shares during the last quarter. First Trust Advisors LP grew its position in Booz Allen Hamilton by 36.0% in the fourth quarter. First Trust Advisors LP now owns 4,856,528 shares of the business services provider’s stock valued at $409,697,000 after acquiring an additional 1,285,475 shares during the last quarter. Primecap Management Co. CA raised its stake in Booz Allen Hamilton by 135.2% during the fourth 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. Finally, State Street Corp raised its stake in Booz Allen Hamilton by 53.2% during the fourth quarter. State Street Corp now owns 4,402,897 shares of the business services provider’s stock worth $371,428,000 after acquiring an additional 1,528,739 shares in the last quarter. Institutional investors and hedge funds own 91.82% of the company’s stock.

About Booz Allen Hamilton

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.