Booz Allen Hamilton (NYSE:BAH) Upgraded to “Buy” at The Goldman Sachs Group

Booz Allen Hamilton (NYSE:BAHGet Rating) was upgraded by analysts at The Goldman Sachs Group from a “neutral” rating to a “buy” rating in a note issued to investors on Wednesday, Marketbeat reports. The firm currently has a $102.00 target price on the business services provider’s stock, up from their previous target price of $83.00. The Goldman Sachs Group’s target price points to a potential upside of 16.20% from the stock’s previous close.

A number of other research firms have also recently weighed in on BAH. Morgan Stanley lowered their price objective on shares of Booz Allen Hamilton from $98.00 to $93.00 and set an “overweight” rating for the company in a research report on Tuesday, February 1st. Raymond James raised Booz Allen Hamilton from a “market perform” rating to an “outperform” rating and set a $90.00 target price on the stock in a research note on Monday, January 31st. Cowen lifted their target price on Booz Allen Hamilton from $105.00 to $109.00 in a research report on Monday, January 3rd. Zacks Investment Research cut shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating and set a $96.00 price target on the stock. in a research report on Friday, April 8th. Finally, Bank of America raised shares of Booz Allen Hamilton from an “underperform” rating to a “neutral” rating and increased their price target for the stock from $80.00 to $90.00 in a research report on Friday, March 11th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $96.70.

Shares of Booz Allen Hamilton stock opened at $87.78 on Wednesday. Booz Allen Hamilton has a fifty-two week low of $69.68 and a fifty-two week high of $91.00. The company has a debt-to-equity ratio of 2.56, a quick ratio of 1.69 and a current ratio of 1.69. The firm has a market capitalization of $11.70 billion, a price-to-earnings ratio of 20.95, a PEG ratio of 2.59 and a beta of 0.71. The stock has a 50 day moving average of $82.28 and a 200 day moving average of $83.55.

Booz Allen Hamilton (NYSE:BAHGet Rating) last issued its quarterly earnings data on Friday, January 28th. The business services provider reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.05. The firm had revenue of $2.03 billion for the quarter, compared to analyst estimates of $2.13 billion. Booz Allen Hamilton had a net margin of 7.09% and a return on equity of 54.65%. Booz Allen Hamilton’s revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.04 EPS. Analysts forecast that Booz Allen Hamilton will post 4.18 EPS for the current year.

In other news, EVP Nancy Laben sold 21,161 shares of the firm’s stock in a transaction dated Friday, March 25th. The stock was sold at an average price of $88.54, for a total transaction of $1,873,594.94. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.92% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cabot Wealth Management Inc. boosted its stake in Booz Allen Hamilton by 0.5% in the first quarter. Cabot Wealth Management Inc. now owns 40,228 shares of the business services provider’s stock valued at $3,534,000 after acquiring an additional 189 shares in the last quarter. Bar Harbor Trust Services boosted its stake in Booz Allen Hamilton by 7.5% in the first quarter. Bar Harbor Trust Services now owns 64,919 shares of the business services provider’s stock valued at $5,703,000 after acquiring an additional 4,523 shares in the last quarter. Unigestion Holding SA acquired a new stake in shares of Booz Allen Hamilton during the first quarter worth about $1,968,000. Gateway Investment Advisers LLC boosted its stake in shares of Booz Allen Hamilton by 171.2% during the first quarter. Gateway Investment Advisers LLC now owns 84,231 shares of the business services provider’s stock worth $7,399,000 after buying an additional 53,167 shares during the period. Finally, DNB Asset Management AS boosted its stake in shares of Booz Allen Hamilton by 329.8% during the first quarter. DNB Asset Management AS now owns 150,787 shares of the business services provider’s stock worth $13,245,000 after buying an additional 115,700 shares during the period. Institutional investors own 88.34% of the company’s stock.

About Booz Allen Hamilton (Get Rating)

Booz Allen Hamilton Holding Corporation provides management and technology consulting, analytics, engineering, digital, mission operations, and cyber solutions to governments, corporations, and not-for-profit organizations in the United States and internationally. The company offers consulting solutions for various domains, business strategies, human capital, and operations.

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