Booz Allen Hamilton Holding Co. (NYSE:BAH) Receives Average Recommendation of “Hold” from Brokerages

Booz Allen Hamilton Holding Co. (NYSE:BAH) has been given a consensus recommendation of “Hold” by the twelve ratings firms that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $146.45.

A number of research analysts recently weighed in on BAH shares. Cantor Fitzgerald raised Booz Allen Hamilton to a “strong-buy” rating in a research report on Tuesday, February 25th. Raymond James upgraded Booz Allen Hamilton from a “market perform” rating to an “outperform” rating and set a $150.00 price target for the company in a report on Monday, February 3rd. JPMorgan Chase & Co. lowered their price target on Booz Allen Hamilton from $140.00 to $120.00 and set an “underweight” rating for the company in a research report on Tuesday, April 15th. The Goldman Sachs Group reissued a “neutral” rating and set a $109.00 price objective (down from $150.00) on shares of Booz Allen Hamilton in a research report on Friday, April 11th. Finally, Wells Fargo & Company reduced their price objective on shares of Booz Allen Hamilton from $164.00 to $148.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th.

Booz Allen Hamilton Price Performance

Shares of NYSE BAH opened at $128.90 on Friday. The company has a 50 day simple moving average of $113.98 and a two-hundred day simple moving average of $128.34. Booz Allen Hamilton has a fifty-two week low of $101.05 and a fifty-two week high of $190.59. The company has a market capitalization of $16.32 billion, a price-to-earnings ratio of 19.21, a P/E/G ratio of 1.25 and a beta of 0.56. The company has a debt-to-equity ratio of 2.72, a quick ratio of 1.57 and a current ratio of 1.57.

Institutional Investors Weigh In On Booz Allen Hamilton

Hedge funds have recently added to or reduced their stakes in the stock. GW&K Investment Management LLC grew its holdings in shares of Booz Allen Hamilton by 0.7% in the fourth quarter. GW&K Investment Management LLC now owns 461,517 shares of the business services provider’s stock worth $59,397,000 after acquiring an additional 3,435 shares during the period. Versor Investments LP bought a new stake in shares of Booz Allen Hamilton during the 4th quarter valued at about $933,000. FIL Ltd increased its position in shares of Booz Allen Hamilton by 63.3% during the 4th quarter. FIL Ltd now owns 153,343 shares of the business services provider’s stock valued at $19,735,000 after purchasing an additional 59,440 shares during the last quarter. Bridges Investment Management Inc. increased its position in shares of Booz Allen Hamilton by 19.2% during the 4th quarter. Bridges Investment Management Inc. now owns 117,661 shares of the business services provider’s stock valued at $15,143,000 after purchasing an additional 18,930 shares during the last quarter. Finally, Cumberland Partners Ltd lifted its stake in shares of Booz Allen Hamilton by 92.2% in the 4th quarter. Cumberland Partners Ltd now owns 99,330 shares of the business services provider’s stock worth $12,784,000 after purchasing an additional 47,655 shares during the period. 91.82% of the stock is currently owned by hedge funds and other institutional investors.

About Booz Allen Hamilton

Booz Allen Hamilton Holding Corporation provides management and technology consulting, analytics, engineering, digital solutions, mission operations, and cyber services to governments, corporations, and not-for-profit organizations in the United States and internationally. It focuses on artificial intelligence services comprising of machine learning, predictive modeling, automation and decision analytics, and quantum computing.