Booz Allen Hamilton Holding Corporation (NYSE:BAH) was downgraded by investment analysts at Jefferies Group LLC from a “buy” rating to a “hold” rating in a research note issued to investors on Monday, Marketbeat reports. They currently have a $36.00 target price on the business services provider’s stock. Jefferies Group LLC’s target price indicates a potential upside of 9.09% from the company’s previous close.

Other equities research analysts have also issued research reports about the company. Cowen and Company reissued a “buy” rating and issued a $43.00 price objective on shares of Booz Allen Hamilton Holding Corporation in a report on Monday, May 22nd. Wells Fargo & Company reissued an “outperform” rating and issued a $40.00 price objective (down previously from $43.00) on shares of Booz Allen Hamilton Holding Corporation in a report on Friday, June 16th. Evercore ISI assumed coverage on Booz Allen Hamilton Holding Corporation in a research note on Tuesday, April 4th. They issued an “in-line” rating and a $38.00 target price for the company. They noted that the move was a valuation call. Vertical Research downgraded Booz Allen Hamilton Holding Corporation from a “buy” rating to a “hold” rating and cut their target price for the stock from $42.00 to $36.00 in a research note on Friday, June 16th. 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 analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $37.55.

Shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH) opened at 33.00 on Monday. Booz Allen Hamilton Holding Corporation has a 12 month low of $29.55 and a 12 month high of $39.67. The company has a market cap of $4.88 billion, a PE ratio of 19.82 and a beta of 1.32. The stock has a 50 day moving average of $35.16 and a 200-day moving average of $35.64.

Booz Allen Hamilton Holding Corporation (NYSE:BAH) last announced its quarterly earnings data on Monday, May 22nd. The business services provider reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.02. Booz Allen Hamilton Holding Corporation had a return on equity of 49.46% and a net margin of 4.35%. The company had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same quarter last year, the firm posted $0.41 EPS. The firm’s revenue for the quarter was up 11.1% on a year-over-year basis. Equities analysts forecast that Booz Allen Hamilton Holding Corporation will post $1.88 earnings per share for the current year.

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In other news, CAO Joseph W. Mahaffee sold 120,000 shares of Booz Allen Hamilton Holding Corporation stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $38.25, for a total transaction of $4,590,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Lloyd Howell, Jr. sold 45,000 shares of Booz Allen Hamilton Holding Corporation stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $39.01, for a total value of $1,755,450.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 239,140 shares of company stock valued at $9,225,081. Corporate insiders own 3.04% of the company’s stock.

Several hedge funds have recently modified their holdings of BAH. Vanguard Group Inc. increased its stake in shares of Booz Allen Hamilton Holding Corporation by 7.2% in the first quarter. Vanguard Group Inc. now owns 14,534,410 shares of the business services provider’s stock worth $514,372,000 after buying an additional 979,130 shares during the period. BlackRock Inc. increased its stake in shares of Booz Allen Hamilton Holding Corporation by 1,951.0% in the first quarter. BlackRock Inc. now owns 8,227,419 shares of the business services provider’s stock worth $291,169,000 after buying an additional 7,826,286 shares during the period. William Blair Investment Management LLC increased its stake in shares of Booz Allen Hamilton Holding Corporation by 9.5% in the first quarter. William Blair Investment Management LLC now owns 7,762,874 shares of the business services provider’s stock worth $274,728,000 after buying an additional 672,544 shares during the period. Alliancebernstein L.P. increased its stake in shares of Booz Allen Hamilton Holding Corporation by 7.5% in the first quarter. Alliancebernstein L.P. now owns 6,069,268 shares of the business services provider’s stock worth $214,791,000 after buying an additional 422,448 shares during the period. Finally, FMR LLC increased its stake in shares of Booz Allen Hamilton Holding Corporation by 4.9% in the first quarter. FMR LLC now owns 5,497,766 shares of the business services provider’s stock worth $194,566,000 after buying an additional 258,866 shares during the period. Hedge funds and other institutional investors own 95.72% of the company’s stock.

About Booz Allen Hamilton Holding Corporation

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)

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