Booz Allen Hamilton (NYSE:BAH) Given New $70.00 Price Target at TD Cowen

Booz Allen Hamilton (NYSE:BAH) had its price objective reduced by TD Cowen from $85.00 to $70.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a “hold” rating on the business services provider’s stock. TD Cowen’s price target would indicate a potential upside of 10.78% from the company’s previous close.

A number of other brokerages also recently commented on BAH. Citigroup lowered their price target on shares of Booz Allen Hamilton from $88.00 to $69.00 and set a “neutral” rating for the company in a report on Wednesday, July 1st. Wells Fargo & Company assumed coverage on Booz Allen Hamilton in a research report on Wednesday, April 1st. They set an “equal weight” rating and a $85.00 price objective on the stock. Truist Financial lowered their price objective on Booz Allen Hamilton from $98.00 to $85.00 and set a “hold” rating for the company in a research note on Monday, April 20th. BNP Paribas Exane began coverage on Booz Allen Hamilton in a report on Wednesday, May 27th. They issued a “neutral” rating and a $80.00 target price for the company. Finally, UBS Group restated a “neutral” rating and set a $83.00 price target on shares of Booz Allen Hamilton in a report on Tuesday, May 26th. Two research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, Booz Allen Hamilton currently has a consensus rating of “Reduce” and a consensus target price of $83.58.

Booz Allen Hamilton Price Performance

NYSE BAH traded up $0.88 during trading on Tuesday, hitting $63.19. 223,074 shares of the stock traded hands, compared to its average volume of 2,177,374. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 3.55. Booz Allen Hamilton has a 12-month low of $59.50 and a 12-month high of $120.04. The firm has a 50-day simple moving average of $73.41 and a 200-day simple moving average of $80.25. The company has a market capitalization of $7.57 billion, a P/E ratio of 9.15, a price-to-earnings-growth ratio of 3.57 and a beta of 0.36.

Booz Allen Hamilton (NYSE:BAH) last posted its earnings results on Friday, May 22nd. The business services provider reported $1.78 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $2.87 billion. The company’s quarterly revenue was down 5.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.61 EPS. Booz Allen Hamilton has set its FY 2027 guidance at 6.000-6.350 EPS. As a group, analysts predict that Booz Allen Hamilton will post 6.23 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in BAH. Versant Capital Management Inc boosted its position in Booz Allen Hamilton by 1,122.9% in the 2nd quarter. Versant Capital Management Inc now owns 587 shares of the business services provider’s stock valued at $36,000 after buying an additional 539 shares during the period. CX Institutional raised its stake in shares of Booz Allen Hamilton by 18.4% during the second quarter. CX Institutional now owns 52,717 shares of the business services provider’s stock valued at $3,198,000 after acquiring an additional 8,183 shares in the last quarter. Ipsen Advisor Group LLC boosted its holdings in shares of Booz Allen Hamilton by 13.7% in the first quarter. Ipsen Advisor Group LLC now owns 5,095 shares of the business services provider’s stock valued at $398,000 after purchasing an additional 615 shares during the period. Axiom Investment Management LLC purchased a new stake in shares of Booz Allen Hamilton in the first quarter valued at approximately $44,000. Finally, Bank of America Corp DE grew its stake in Booz Allen Hamilton by 2.6% in the first quarter. Bank of America Corp DE now owns 1,117,280 shares of the business services provider’s stock worth $87,181,000 after purchasing an additional 28,462 shares in the last quarter. Hedge funds and other institutional investors own 91.82% of the company’s stock.

About Booz Allen Hamilton

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.