Booz Allen Hamilton Holding Corporation (BAH) Stock Rating Lowered by Zacks Investment Research

Booz Allen Hamilton Holding Corporation (NYSE:BAH) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Wednesday.

According to Zacks, “Booz Allen Hamilton Inc. is engaged in providing management and technology consulting services to the U.S. government in the defense, intelligence and civil markets. Technological services offered by the Company include Cyber technologies, SE&I, Systems development and Strategic technology and innovation. Its major clients include the Department of Defense, all branches of the U.S. military, the U.S. Intelligence Community, and civil agencies such as the Department of Homeland Security, the Department of Energy, the Department of Health and Human Services, the Department of the Treasury and the Environmental Protection Agency. Booz Allen Hamilton Inc. is headquartered in McLean, Virginia, the United States of America. “

Several other brokerages have also issued reports on BAH. Jefferies Group LLC lowered Booz Allen Hamilton Holding Corporation from a “buy” rating to a “hold” rating and set a $36.00 target price for the company. in a research report on Monday, July 17th. Cowen and Company reissued a “buy” rating and issued a $50.00 target price (up previously from $41.00) on shares of Booz Allen Hamilton Holding Corporation in a research report on Thursday, October 12th. BidaskClub lowered Booz Allen Hamilton Holding Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, August 10th. Finally, Vertical Research raised Booz Allen Hamilton Holding Corporation from a “hold” rating to a “buy” rating and set a $42.00 target price for the company in a research report on Tuesday, October 3rd. Seven analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $39.50.

Shares of Booz Allen Hamilton Holding Corporation (BAH) opened at 37.77 on Wednesday. The firm has a 50-day moving average price of $36.58 and a 200-day moving average price of $35.43. Booz Allen Hamilton Holding Corporation has a 52 week low of $29.67 and a 52 week high of $39.67. The firm has a market cap of $5.62 billion, a PE ratio of 21.67 and a beta of 1.30.

Booz Allen Hamilton Holding Corporation (NYSE:BAH) last announced its earnings results on Monday, August 7th. The business services provider reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.06. Booz Allen Hamilton Holding Corporation had a return on equity of 48.35% and a net margin of 4.50%. The firm had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.52 billion. During the same quarter in the prior year, the company earned $0.46 EPS. The business’s revenue was up 5.0% compared to the same quarter last year. On average, equities research analysts predict that Booz Allen Hamilton Holding Corporation will post $1.92 earnings per share for the current year.

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In related news, insider Horacio Rozanski sold 30,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $36.01, for a total transaction of $1,080,300.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Karen M. Dahut sold 36,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $34.02, for a total value of $1,224,720.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 150,407 shares of company stock valued at $5,434,430. 3.04% of the stock is owned by corporate insiders.

Hedge funds have recently bought and sold shares of the stock. Brookstone Capital Management bought a new position in Booz Allen Hamilton Holding Corporation during the 2nd quarter valued at approximately $255,000. Cambridge Investment Research Advisors Inc. bought a new position in Booz Allen Hamilton Holding Corporation during the 2nd quarter valued at approximately $277,000. Findlay Park Partners LLP increased its position in Booz Allen Hamilton Holding Corporation by 51.7% during the 2nd quarter. Findlay Park Partners LLP now owns 3,700,000 shares of the business services provider’s stock valued at $120,398,000 after buying an additional 1,261,292 shares in the last quarter. Citadel Advisors LLC increased its position in Booz Allen Hamilton Holding Corporation by 12,218.8% during the 2nd quarter. Citadel Advisors LLC now owns 1,305,788 shares of the business services provider’s stock valued at $42,490,000 after buying an additional 1,295,188 shares in the last quarter. Finally, Credit Suisse AG increased its position in Booz Allen Hamilton Holding Corporation by 29.5% during the 1st quarter. Credit Suisse AG now owns 371,558 shares of the business services provider’s stock valued at $13,149,000 after buying an additional 84,586 shares in the last quarter. 93.63% of the stock is owned by institutional investors.

Booz Allen Hamilton Holding Corporation Company Profile

Booz Allen Hamilton Holding Corporation is a holding company. The Company is a provider of management and technology, consulting and engineering services to the United States and international governments, corporations and not-for-profit organizations. The Company’s client base includes government, commercial and international clients.

Analyst Recommendations for Booz Allen Hamilton Holding Corporation (NYSE:BAH)

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