Booz Allen Hamilton Holding Corporation (BAH) Stock Rating Upgraded by Jefferies Group LLC

Jefferies Group LLC upgraded shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH) from a hold rating to a buy rating in a report published on Tuesday morning, Marketbeat Ratings reports. Jefferies Group also issued estimates for Booz Allen Hamilton Holding Corporation’s Q3 2018 earnings at $0.42 EPS, Q4 2018 earnings at $0.55 EPS, FY2018 earnings at $1.96 EPS, FY2019 earnings at $2.15 EPS and FY2020 earnings at $2.40 EPS.

Several other equities research analysts also recently weighed in on the stock. Cowen and Company reaffirmed a buy rating and set a $50.00 target price (up from $41.00) on shares of Booz Allen Hamilton Holding Corporation in a research note on Thursday, October 12th. BidaskClub raised shares of Booz Allen Hamilton Holding Corporation from a buy rating to a strong-buy rating in a research note on Thursday, August 24th. Zacks Investment Research downgraded shares of Booz Allen Hamilton Holding Corporation from a buy rating to a hold rating in a research note on Wednesday, October 18th. Wells Fargo & Company upped their target price on shares of Booz Allen Hamilton Holding Corporation from $40.00 to $42.00 and gave the stock an outperform rating in a research note on Wednesday, October 25th. Finally, Vertical Research raised shares of Booz Allen Hamilton Holding Corporation from a hold rating to a buy rating and set a $42.00 target price on the stock in a research note on Tuesday, October 3rd. Six investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Booz Allen Hamilton Holding Corporation has a consensus rating of Buy and a consensus price target of $39.72.

Shares of Booz Allen Hamilton Holding Corporation (BAH) opened at $36.59 on Tuesday. The stock has a market cap of $5,339.63, a P/E ratio of 19.90, a PEG ratio of 2.27 and a beta of 1.28. Booz Allen Hamilton Holding Corporation has a 52 week low of $31.06 and a 52 week high of $39.67. The company has a quick ratio of 1.59, a current ratio of 1.49 and a debt-to-equity ratio of 3.33.

Booz Allen Hamilton Holding Corporation (NYSE:BAH) last released its quarterly earnings results on Monday, November 6th. The business services provider reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.02. Booz Allen Hamilton Holding Corporation had a net margin of 4.52% and a return on equity of 48.30%. The business had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same period in the previous year, the firm earned $0.46 EPS. The business’s revenue was up 10.6% on a year-over-year basis. sell-side analysts anticipate that Booz Allen Hamilton Holding Corporation will post 1.92 earnings per share for the current fiscal year.

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The business also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Tuesday, November 14th will be issued a $0.17 dividend. This is a boost from Booz Allen Hamilton Holding Corporation’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Monday, November 13th. This represents a $0.68 annualized dividend and a dividend yield of 1.86%. Booz Allen Hamilton Holding Corporation’s dividend payout ratio is presently 37.57%.

In other news, EVP Elizabeth M. Thompson sold 10,000 shares of the company’s stock in a transaction on Monday, August 28th. The shares were sold at an average price of $33.77, for a total value of $337,700.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ian Fujiyama bought 15,000 shares of the stock in a transaction dated Monday, August 14th. The stock was bought at an average price of $33.26 per share, with a total value of $498,900.00. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 150,407 shares of company stock valued at $5,434,430. Company insiders own 3.04% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Citadel Advisors LLC boosted its stake in Booz Allen Hamilton Holding Corporation by 120.4% during the 3rd quarter. Citadel Advisors LLC now owns 2,877,330 shares of the business services provider’s stock worth $107,583,000 after purchasing an additional 1,571,542 shares during the period. JPMorgan Chase & Co. boosted its stake in Booz Allen Hamilton Holding Corporation by 22.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 449,332 shares of the business services provider’s stock worth $16,697,000 after purchasing an additional 81,568 shares during the period. Legal & General Group Plc boosted its stake in Booz Allen Hamilton Holding Corporation by 25.2% during the 3rd quarter. Legal & General Group Plc now owns 187,896 shares of the business services provider’s stock worth $7,026,000 after purchasing an additional 37,873 shares during the period. Great West Life Assurance Co. Can boosted its stake in Booz Allen Hamilton Holding Corporation by 15.3% during the 3rd quarter. Great West Life Assurance Co. Can now owns 24,835 shares of the business services provider’s stock worth $920,000 after purchasing an additional 3,288 shares during the period. Finally, Washington Capital Management Inc. acquired a new stake in Booz Allen Hamilton Holding Corporation during the 3rd quarter worth $366,000. Institutional investors and hedge funds own 92.93% of the company’s stock.

About Booz Allen Hamilton Holding Corporation

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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