Booz Allen Hamilton (NYSE:BAH) Raised to Buy at Wall Street Zen

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

BAH has been the subject of a number of other reports. UBS Group raised their price target on Booz Allen Hamilton from $70.00 to $78.00 and gave the stock a “neutral” rating in a research note on Monday, July 27th. Jefferies Financial Group reissued a “hold” rating and issued a $80.00 price target on shares of Booz Allen Hamilton in a research note on Tuesday, September 1st. TD Cowen dropped their price objective on Booz Allen Hamilton from $85.00 to $70.00 and set a “hold” rating on the stock in a report on Tuesday, July 7th. The Goldman Sachs Group cut their price objective on shares of Booz Allen Hamilton from $74.00 to $65.00 and set a “sell” rating on the stock in a research report on Tuesday, July 14th. Finally, Weiss Ratings cut shares of Booz Allen Hamilton from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, July 8th. Three analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Reduce” and an average price target of $83.69.

Booz Allen Hamilton Trading Down 0.1%

Booz Allen Hamilton stock opened at $67.29 on Friday. The company’s fifty day simple moving average is $74.44 and its 200-day simple moving average is $74.32. The company has a quick ratio of 1.59, a current ratio of 1.60 and a debt-to-equity ratio of 3.26. Booz Allen Hamilton has a 12 month low of $59.50 and a 12 month high of $109.10. The stock has a market cap of $8.09 billion, a P/E ratio of 10.58, a P/E/G ratio of 1.62 and a beta of 0.37.

Booz Allen Hamilton (NYSE:BAH) last announced its quarterly earnings data 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 business had revenue of $1.97 billion during the quarter, compared to analyst estimates of $2.81 billion. Booz Allen Hamilton had a return on equity of 76.71% and a net margin of 7.01%.Booz Allen Hamilton’s quarterly revenue was down 4.2% compared to the same quarter last year. During the same period last year, the company earned $1.48 earnings per share. Booz Allen Hamilton has set its FY 2027 guidance at 6.000-6.35 EPS. As a group, sell-side analysts forecast that Booz Allen Hamilton will post 6.34 EPS for the current fiscal year.

Hedge Funds Weigh In On Booz Allen Hamilton

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BAH. Versant Capital Management Inc raised its position in shares of Booz Allen Hamilton by 30.8% in the third quarter. Versant Capital Management Inc now owns 768 shares of the business services provider’s stock valued at $53,000 after purchasing an additional 181 shares during the period. QRG Capital Management Inc. boosted its holdings in shares of Booz Allen Hamilton by 74.7% during the 2nd quarter. QRG Capital Management Inc. now owns 5,119 shares of the business services provider’s stock worth $311,000 after buying an additional 2,189 shares during the period. Security National Bank of SO Dak boosted its holdings in shares of Booz Allen Hamilton by 0.8% during the 2nd quarter. Security National Bank of SO Dak now owns 19,348 shares of the business services provider’s stock worth $1,174,000 after buying an additional 158 shares during the period. Security National Bank of Sioux City Iowa IA grew its stake in Booz Allen Hamilton by 39.4% in the 2nd quarter. Security National Bank of Sioux City Iowa IA now owns 29,185 shares of the business services provider’s stock valued at $1,771,000 after buying an additional 8,245 shares during the last quarter. Finally, Sequoia Financial Advisors LLC grew its stake in Booz Allen Hamilton by 8.0% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 4,003 shares of the business services provider’s stock valued at $243,000 after buying an additional 295 shares during the last quarter. Institutional investors and hedge funds own 91.82% of the company’s stock.

Booz Allen Hamilton Company Profile

Booz Allen Hamilton Holding Corporation is a management and technology consulting company that primarily serves the U.S. government, including defense, intelligence, civil, and health agencies. The company helps clients address complex national security, public-sector, and business challenges through consulting, engineering, technology integration, and mission-support services.

Its capabilities include artificial intelligence and data analytics, cybersecurity, digital transformation, cloud computing, systems engineering, software development, program management, and organizational strategy.