TD Cowen Has Lowered Expectations for Booz Allen Hamilton (NYSE:BAH) Stock Price

Booz Allen Hamilton (NYSE:BAH) had its target price cut by TD Cowen from $85.00 to $70.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has a “hold” rating on the business services provider’s stock. TD Cowen’s target price indicates a potential upside of 10.78% from the company’s current price.

A number of other equities research analysts have also recently commented on BAH. Weiss Ratings upgraded shares of Booz Allen Hamilton from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, June 23rd. Stifel Nicolaus set a $110.00 target price on Booz Allen Hamilton and gave the stock a “buy” rating in a report on Tuesday, May 26th. Citigroup decreased their price target on Booz Allen Hamilton from $88.00 to $69.00 and set a “neutral” rating for the company in a research note on Wednesday, July 1st. Jefferies Financial Group set a $85.00 price objective on Booz Allen Hamilton in a research report on Monday, May 11th. Finally, Truist Financial reduced their price objective on Booz Allen Hamilton from $98.00 to $85.00 and set a “hold” rating for the company in a report on Monday, April 20th. Two analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, Booz Allen Hamilton currently has an average rating of “Reduce” and an average price target of $83.58.

Booz Allen Hamilton Stock Up 1.4%

NYSE:BAH traded up $0.88 during trading hours on Tuesday, reaching $63.19. 223,074 shares of the company traded hands, compared to its average volume of 2,177,374. The business’s 50-day moving average price is $73.41 and its two-hundred day moving average price is $80.25. The stock has a market capitalization of $7.57 billion, a P/E ratio of 9.15, a P/E/G ratio of 3.57 and a beta of 0.36. Booz Allen Hamilton has a 1 year low of $59.50 and a 1 year high of $120.04. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 3.55.

Booz Allen Hamilton (NYSE:BAH) last released its earnings results on Friday, May 22nd. The business services provider reported $1.78 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 firm had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $2.87 billion. During the same period in the prior year, the firm posted $1.61 earnings per share. The company’s quarterly revenue was down 5.9% on a year-over-year basis. Booz Allen Hamilton has set its FY 2027 guidance at 6.000-6.350 EPS. Analysts predict that Booz Allen Hamilton will post 6.23 earnings per share for the current year.

Hedge Funds Weigh In On Booz Allen Hamilton

Several institutional investors have recently made changes to their positions in the business. Activest Wealth Management lifted its position in shares of Booz Allen Hamilton by 141.3% in the fourth quarter. Activest Wealth Management now owns 304 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 178 shares in the last quarter. Torren Management LLC purchased a new position in Booz Allen Hamilton in the 4th quarter worth approximately $26,000. Rakuten Securities Inc. boosted its stake in Booz Allen Hamilton by 414.6% in the 2nd quarter. Rakuten Securities Inc. now owns 247 shares of the business services provider’s stock worth $26,000 after purchasing an additional 199 shares during the period. Aventura Private Wealth LLC purchased a new stake in Booz Allen Hamilton during the 4th quarter valued at approximately $27,000. Finally, PenderFund Capital Management Ltd. bought a new stake in shares of Booz Allen Hamilton during the fourth quarter valued at approximately $30,000. Institutional investors own 91.82% of the company’s stock.

About Booz Allen Hamilton

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.