Stifel Nicolaus Increases Booz Allen Hamilton (NYSE:BAH) Price Target to $119.00

Booz Allen Hamilton (NYSE:BAH) had its price objective boosted by Stifel Nicolaus from $112.00 to $119.00 in a report released on Monday, July 28th, Marketbeat Ratings reports. The brokerage presently has a “hold” rating on the business services provider’s stock. Stifel Nicolaus’ target price indicates a potential upside of 6.65% from the company’s current price.

BAH has been the topic of a number of other research reports. JPMorgan Chase & Co. cut their price target on Booz Allen Hamilton from $140.00 to $120.00 and set an “underweight” rating on the stock in a report on Tuesday, April 15th. William Blair raised Booz Allen Hamilton from a “market perform” rating to an “outperform” rating in a report on Monday, July 21st. Truist Financial dropped their target price on Booz Allen Hamilton from $142.00 to $110.00 and set a “hold” rating on the stock in a report on Monday, April 14th. Wells Fargo & Company dropped their target price on Booz Allen Hamilton from $148.00 to $135.00 and set an “overweight” rating on the stock in a report on Friday, May 23rd. Finally, Wall Street Zen cut Booz Allen Hamilton from a “buy” rating to a “hold” rating in a report on Saturday, May 24th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $134.00.

Booz Allen Hamilton Stock Performance

BAH opened at $111.58 on Monday. The business’s 50 day moving average is $105.95 and its 200-day moving average is $113.48. The stock has a market cap of $13.75 billion, a PE ratio of 13.71, a price-to-earnings-growth ratio of 1.74 and a beta of 0.47. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 3.66. Booz Allen Hamilton has a twelve month low of $98.95 and a twelve month high of $190.59.

Booz Allen Hamilton (NYSE:BAH) last released its quarterly earnings results on Friday, July 25th. The business services provider reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.45 by $0.03. The company had revenue of $2.92 billion for the quarter, compared to analysts’ expectations of $2.96 billion. Booz Allen Hamilton had a return on equity of 73.05% and a net margin of 8.70%. The business’s revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.38 earnings per share. On average, analysts predict that Booz Allen Hamilton will post 6.44 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Trajan Wealth LLC grew its position in Booz Allen Hamilton by 5.8% in the fourth quarter. Trajan Wealth LLC now owns 1,679 shares of the business services provider’s stock worth $216,000 after buying an additional 92 shares during the last quarter. Personal CFO Solutions LLC grew its position in Booz Allen Hamilton by 3.5% in the first quarter. Personal CFO Solutions LLC now owns 2,739 shares of the business services provider’s stock worth $286,000 after buying an additional 92 shares during the last quarter. Roundview Capital LLC grew its position in Booz Allen Hamilton by 0.3% in the second quarter. Roundview Capital LLC now owns 37,258 shares of the business services provider’s stock worth $3,880,000 after buying an additional 99 shares during the last quarter. Raiffeisen Bank International AG grew its position in Booz Allen Hamilton by 4.9% in the first quarter. Raiffeisen Bank International AG now owns 2,137 shares of the business services provider’s stock worth $225,000 after buying an additional 100 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV grew its position in Booz Allen Hamilton by 26.7% in the second quarter. Creative Financial Designs Inc. ADV now owns 493 shares of the business services provider’s stock worth $51,000 after buying an additional 104 shares during the last quarter. Institutional investors and hedge funds own 91.82% of the company’s stock.

Booz Allen Hamilton Company Profile

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.