Booz Allen Hamilton (NYSE:BAH) Price Target Cut to $75.00 by Analysts at Bank of America

Booz Allen Hamilton (NYSE:BAH) had its price target trimmed by Bank of America from $90.00 to $75.00 in a research note released on Monday,Benzinga reports. The brokerage currently has an underperform rating on the business services provider’s stock.

A number of other brokerages have also recently weighed in on BAH. Truist Financial dropped their price target on Booz Allen Hamilton from $85.00 to $70.00 and set a “hold” rating on the stock in a research note on Friday, July 10th. The Goldman Sachs Group reduced their price objective on shares of Booz Allen Hamilton from $74.00 to $65.00 and set a “sell” rating for the company in a research note on Tuesday, July 14th. UBS Group reiterated a “neutral” rating and issued a $83.00 target price on shares of Booz Allen Hamilton in a report on Tuesday, May 26th. BNP Paribas Exane initiated coverage on shares of Booz Allen Hamilton in a research report on Wednesday, May 27th. They issued a “neutral” rating and a $80.00 target price on the stock. Finally, Weiss Ratings lowered shares of Booz Allen Hamilton from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, July 8th. Two analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price of $79.83.

Booz Allen Hamilton Stock Performance

BAH opened at $64.34 on Monday. The firm has a market cap of $7.71 billion, a PE ratio of 9.34, a P/E/G ratio of 3.70 and a beta of 0.36. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 3.55. The business has a fifty day simple moving average of $70.86 and a 200-day simple moving average of $78.73. Booz Allen Hamilton has a fifty-two week low of $59.50 and a fifty-two week high of $120.04.

Booz Allen Hamilton (NYSE:BAH) last announced its earnings results on Friday, May 22nd. The business services provider reported $1.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $0.46. Booz Allen Hamilton had a return on equity of 76.07% and a net margin of 7.59%.The company had revenue of $1.91 billion for the quarter, compared to analyst estimates of $2.87 billion. During the same period in the previous year, the firm earned $1.61 earnings per share. Booz Allen Hamilton’s revenue for the quarter was down 5.9% compared to the same quarter last year. Booz Allen Hamilton has set its FY 2027 guidance at 6.000-6.350 EPS. As a group, equities analysts predict that Booz Allen Hamilton will post 6.27 EPS for the current fiscal year.

Booz Allen Hamilton Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Wednesday, June 10th were given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend was Wednesday, June 10th. Booz Allen Hamilton’s payout ratio is presently 34.25%.

Institutional Investors Weigh In On Booz Allen Hamilton

A number of institutional investors have recently bought and sold shares of BAH. Vaughan Nelson Investment Management L.P. acquired a new stake in Booz Allen Hamilton in the fourth quarter valued at approximately $45,327,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Booz Allen Hamilton by 15.9% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 128,890 shares of the business services provider’s stock worth $10,941,000 after purchasing an additional 17,686 shares during the last quarter. Teachers Retirement System of The State of Kentucky acquired a new position in shares of Booz Allen Hamilton during the 4th quarter worth $3,121,000. Legal & General Group Plc increased its stake in shares of Booz Allen Hamilton by 9.9% during the 4th quarter. Legal & General Group Plc now owns 537,400 shares of the business services provider’s stock worth $45,335,000 after purchasing an additional 48,457 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of Booz Allen Hamilton by 8.3% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 287,922 shares of the business services provider’s stock valued at $24,289,000 after purchasing an additional 22,105 shares in the last quarter. 91.82% of the stock is currently owned by institutional investors and hedge funds.

Booz Allen Hamilton Company Profile

Booz Allen Hamilton Holding Corporation is a publicly traded management and technology consulting firm headquartered in McLean, Virginia. The company provides a wide range of professional services and solutions in strategy, analytics, digital transformation, engineering and cyber security. Its expertise spans from supporting federal civilian agencies to defense, intelligence and homeland security organizations, as well as select commercial industries.

Key offerings include data analytics and artificial intelligence applications, software development and modernization, systems integration, and cyber risk management.