Booz Allen Hamilton (NYSE:BAH) Stock Rating Upgraded by Wall Street Zen

Booz Allen Hamilton (NYSE:BAH) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Monday, Wall Street Zen reports.

A number of other equities analysts have also recently issued reports on BAH. Truist Financial raised Booz Allen Hamilton from a “hold” rating to a “buy” rating and increased their target price for the stock from $70.00 to $85.00 in a report on Thursday, October 8th. Cantor Fitzgerald cut their target price on Booz Allen Hamilton from $160.00 to $140.00 and set an “overweight” rating for the company in a research report on Thursday, July 23rd. Jefferies Financial Group decreased their price target on Booz Allen Hamilton from $80.00 to $75.00 and set a “hold” rating on the stock in a research note on Wednesday, October 7th. The Goldman Sachs Group lowered their target price on shares of Booz Allen Hamilton from $74.00 to $65.00 and set a “sell” rating on the stock in a report on Tuesday, July 14th. Finally, Bank of America lowered their target price on shares of Booz Allen Hamilton from $90.00 to $75.00 and set an “underperform” rating on the stock in a report on Monday, July 20th. Four equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $85.62.

Booz Allen Hamilton Price Performance

Shares of Booz Allen Hamilton stock opened at $74.98 on Monday. The firm has a market cap of $9.02 billion, a P/E ratio of 10.81, a price-to-earnings-growth ratio of 1.78 and a beta of 0.37. The firm’s 50-day simple moving average is $74.29 and its 200-day simple moving average is $73.73. Booz Allen Hamilton has a twelve month low of $59.50 and a twelve month high of $109.10. The company has a debt-to-equity ratio of 3.26, a quick ratio of 1.59 and a current ratio of 1.60.

Booz Allen Hamilton (NYSE:BAH) last posted its quarterly earnings results on Friday, July 24th. The business services provider reported $1.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.32. The firm had revenue of $1.97 billion during the quarter, compared to analyst estimates of $2.81 billion. Booz Allen Hamilton had a net margin of 7.01% and a return on equity of 76.71%. The company’s quarterly revenue was down 4.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.48 earnings per share. Booz Allen Hamilton has set its FY 2027 guidance at 6.000-6.35 EPS. As a group, research analysts expect that Booz Allen Hamilton will post 6.34 EPS for the current fiscal year.

Hedge Funds Weigh In On Booz Allen Hamilton

A number of institutional investors have recently modified their holdings of the stock. Versant Capital Management Inc increased its position in Booz Allen Hamilton by 1,122.9% in the second quarter. Versant Capital Management Inc now owns 587 shares of the business services provider’s stock worth $36,000 after purchasing an additional 539 shares during the period. Axiom Investment Management LLC bought a new stake in Booz Allen Hamilton during the 1st quarter worth about $44,000. IFP Advisors Inc lifted its position in Booz Allen Hamilton by 24.8% during the 2nd quarter. IFP Advisors Inc now owns 1,377 shares of the business services provider’s stock valued at $84,000 after purchasing an additional 274 shares during the period. Cassaday & Co Wealth Management LLC acquired a new position in Booz Allen Hamilton in the first quarter valued at approximately $184,000. Finally, Farther Finance Advisors LLC lifted its stake in shares of Booz Allen Hamilton by 13.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,770 shares of the business services provider’s stock valued at $192,000 after purchasing an additional 325 shares during the period. 91.82% of the stock is owned by institutional investors.

About Booz Allen Hamilton

Booz Allen Hamilton Holding Corporation is a management and technology consulting company that provides services primarily to governments, defense and intelligence organizations, and commercial clients. The company helps organizations address complex challenges involving strategy, technology modernization, cybersecurity, data and analytics, artificial intelligence, engineering, and mission operations.

Its government-related work spans defense, national security, intelligence, civil government, and health markets.