Bank of America Has Lowered Expectations for Booz Allen Hamilton (NYSE:BAH) Stock Price

Booz Allen Hamilton (NYSE:BAH) had its price objective decreased by analysts at Bank of America from $90.00 to $75.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has an “underperform” rating on the business services provider’s stock. Bank of America‘s price objective would indicate a potential upside of 14.35% from the company’s current price.

A number of other research analysts have also recently weighed in on the stock. BNP Paribas Exane initiated coverage on shares of Booz Allen Hamilton in a research report on Wednesday, May 27th. They set a “neutral” rating and a $80.00 price objective on the stock. UBS Group reaffirmed a “neutral” rating and set a $83.00 price target on shares of Booz Allen Hamilton in a research note on Tuesday, May 26th. Jefferies Financial Group set a $85.00 price target on shares of Booz Allen Hamilton in a report on Monday, May 11th. TD Cowen reduced their price objective on shares of Booz Allen Hamilton from $85.00 to $70.00 and set a “hold” rating on the stock in a research report on Tuesday, July 7th. Finally, Wells Fargo & Company started coverage on shares of Booz Allen Hamilton in a research note on Wednesday, April 1st. They issued an “equal weight” rating and a $85.00 price objective for the company. Two investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, Booz Allen Hamilton presently has a consensus rating of “Reduce” and an average target price of $79.83.

Booz Allen Hamilton Trading Up 0.6%

Shares of NYSE:BAH traded up $0.38 during trading on Monday, hitting $65.59. The company had a trading volume of 973,556 shares, compared to its average volume of 2,169,597. The stock has a market cap of $7.85 billion, a price-to-earnings ratio of 9.51, a price-to-earnings-growth ratio of 3.70 and a beta of 0.36. The company has a debt-to-equity ratio of 3.55, a current ratio of 1.78 and a quick ratio of 1.78. The company has a fifty day simple moving average of $71.07 and a two-hundred day simple moving average of $78.88. Booz Allen Hamilton has a one year low of $59.50 and a one year high of $120.04.

Booz Allen Hamilton (NYSE:BAH) last released its earnings results on Friday, May 22nd. The business services provider reported $1.78 earnings per share for the quarter, beating the consensus estimate 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 the consensus estimate of $2.87 billion. During the same quarter in the previous year, the company posted $1.61 EPS. The company’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 forecast that Booz Allen Hamilton will post 6.27 earnings per share for the current year.

Institutional Trading of Booz Allen Hamilton

Institutional investors and hedge funds have recently modified their holdings of the stock. Primecap Management Co. CA raised its holdings in shares of Booz Allen Hamilton by 135.2% in the 4th quarter. Primecap Management Co. CA now owns 4,666,298 shares of the business services provider’s stock valued at $393,649,000 after purchasing an additional 2,682,460 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its stake in shares of Booz Allen Hamilton by 38.4% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 6,528,226 shares of the business services provider’s stock valued at $550,722,000 after purchasing an additional 1,811,906 shares in the last quarter. Norges Bank purchased a new position in Booz Allen Hamilton during the fourth quarter valued at approximately $143,749,000. State Street Corp increased its holdings in Booz Allen Hamilton by 53.2% during the fourth quarter. State Street Corp now owns 4,402,897 shares of the business services provider’s stock valued at $371,428,000 after buying an additional 1,528,739 shares during the period. Finally, First Trust Advisors LP raised its stake in Booz Allen Hamilton by 36.0% in the fourth quarter. First Trust Advisors LP now owns 4,856,528 shares of the business services provider’s stock worth $409,697,000 after buying an additional 1,285,475 shares in the last quarter. Institutional investors own 91.82% of the company’s stock.

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.