Booz Allen Hamilton’s (BAH) “Market Perform” Rating Reiterated at Raymond James

Raymond James reissued their market perform rating on shares of Booz Allen Hamilton (NYSE:BAH) in a research report sent to investors on Friday morning, MarketBeat Ratings reports.

Several other analysts have also issued reports on BAH. Wells Fargo & Company reiterated an “overweight” rating on shares of Booz Allen Hamilton in a report on Friday. The Goldman Sachs Group reissued a “neutral” rating and set a $109.00 target price (down from $150.00) on shares of Booz Allen Hamilton in a research report on Friday, April 11th. UBS Group increased their target price on shares of Booz Allen Hamilton from $120.00 to $135.00 and gave the stock a “neutral” rating in a research report on Monday, May 19th. William Blair downgraded shares of Booz Allen Hamilton from an “outperform” rating to a “market perform” rating in a research report on Friday, February 21st. Finally, JPMorgan Chase & Co. lowered their target price on shares of Booz Allen Hamilton from $140.00 to $120.00 and set an “underweight” rating on the stock in a research report on Tuesday, April 15th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Booz Allen Hamilton has a consensus rating of “Hold” and an average target price of $141.70.

Booz Allen Hamilton Price Performance

BAH opened at $108.27 on Friday. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 2.72. Booz Allen Hamilton has a 12-month low of $101.05 and a 12-month high of $190.59. The stock has a fifty day moving average of $115.14 and a 200-day moving average of $126.01. The firm has a market capitalization of $13.71 billion, a P/E ratio of 16.14, a PEG ratio of 1.25 and a beta of 0.56.

Booz Allen Hamilton (NYSE:BAH) last announced its quarterly earnings data on Friday, May 23rd. The business services provider reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.59 by $0.02. Booz Allen Hamilton had a return on equity of 68.97% and a net margin of 7.39%. The business had revenue of $2.97 billion during the quarter, compared to analyst estimates of $3.03 billion. During the same period last year, the company earned $1.33 earnings per share. Booz Allen Hamilton’s quarterly revenue was up 7.3% compared to the same quarter last year. Equities analysts forecast that Booz Allen Hamilton will post 6.44 EPS for the current fiscal year.

Institutional Investors Weigh In On Booz Allen Hamilton

Hedge funds and other institutional investors have recently made changes to their positions in the business. Bogart Wealth LLC grew its position in shares of Booz Allen Hamilton by 387.5% in the fourth quarter. Bogart Wealth LLC now owns 195 shares of the business services provider’s stock valued at $25,000 after purchasing an additional 155 shares during the last quarter. OFI Invest Asset Management acquired a new stake in Booz Allen Hamilton during the fourth quarter worth about $25,000. MassMutual Private Wealth & Trust FSB grew its position in Booz Allen Hamilton by 74.5% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 246 shares of the business services provider’s stock worth $26,000 after buying an additional 105 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in Booz Allen Hamilton by 144.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 227 shares of the business services provider’s stock worth $29,000 after buying an additional 134 shares in the last quarter. Finally, R Squared Ltd acquired a new stake in Booz Allen Hamilton during the fourth quarter worth about $31,000. 91.82% of the stock is owned by institutional investors and hedge funds.

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.