Stifel Nicolaus Reiterates Buy Rating for Booz Allen Hamilton (BAH)
Stifel Nicolaus reaffirmed their buy rating on shares of Booz Allen Hamilton (NYSE:BAH) in a research report released on Tuesday morning. They currently have a $50.00 price target on the business services provider’s stock.
A number of other equities research analysts also recently weighed in on BAH. SunTrust Banks started coverage on shares of Booz Allen Hamilton in a research report on Friday, December 1st. They issued a buy rating and a $47.00 price target for the company. Zacks Investment Research upgraded shares of Booz Allen Hamilton from a hold rating to a buy rating and set a $42.00 price target for the company in a research report on Wednesday, November 8th. Jefferies Group upgraded shares of Booz Allen Hamilton from a hold rating to a buy rating in a research report on Tuesday, November 7th. ValuEngine downgraded shares of Booz Allen Hamilton from a buy rating to a hold rating in a research report on Saturday, November 4th. Finally, Wells Fargo & Co lifted their price target on shares of Booz Allen Hamilton from $40.00 to $42.00 and gave the company an outperform rating in a research report on Wednesday, October 25th. Six equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Booz Allen Hamilton has an average rating of Buy and a consensus price target of $41.32.
Shares of Booz Allen Hamilton (NYSE BAH) traded up $0.17 during trading hours on Tuesday, hitting $39.17. The stock had a trading volume of 524,618 shares, compared to its average volume of 860,300. Booz Allen Hamilton has a 12 month low of $31.06 and a 12 month high of $39.67. The company has a market capitalization of $5,710.00, a PE ratio of 21.76, a PEG ratio of 2.36 and a beta of 1.28. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 3.33.
Booz Allen Hamilton (NYSE:BAH) last issued its quarterly earnings data on Monday, November 6th. The business services provider reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.02. Booz Allen Hamilton had a return on equity of 48.30% and a net margin of 4.52%. The company had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.50 billion. During the same quarter in the previous year, the company posted $0.46 earnings per share. The business’s revenue was up 10.6% on a year-over-year basis. analysts forecast that Booz Allen Hamilton will post 1.92 earnings per share for the current year.
In other Booz Allen Hamilton news, insider Susan L. Penfield sold 30,022 shares of the business’s stock in a transaction that occurred on 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 filing with the Securities & Exchange Commission, which is available through this link. 3.04% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in BAH. Ameriprise Financial Inc. raised its position in Booz Allen Hamilton by 92.5% during the second quarter. Ameriprise Financial Inc. now owns 3,405,492 shares of the business services provider’s stock valued at $110,798,000 after purchasing an additional 1,636,510 shares in the last quarter. Citadel Advisors LLC raised its position in Booz Allen Hamilton by 120.4% during the third quarter. Citadel Advisors LLC now owns 2,877,330 shares of the business services provider’s stock valued at $107,583,000 after purchasing an additional 1,571,542 shares in the last quarter. Findlay Park Partners LLP raised its position in Booz Allen Hamilton by 51.7% during the second quarter. Findlay Park Partners LLP now owns 3,700,000 shares of the business services provider’s stock valued at $120,398,000 after purchasing an additional 1,261,292 shares in the last quarter. Southpoint Capital Advisors LP acquired a new position in Booz Allen Hamilton during the second quarter valued at approximately $19,524,000. Finally, ETF Managers Group LLC acquired a new position in Booz Allen Hamilton during the second quarter valued at approximately $14,277,000. Institutional investors and hedge funds own 92.81% of the company’s stock.
Booz Allen Hamilton 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.
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