Booz Allen Hamilton (NYSE:BAH) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday, Zacks.com reports. The brokerage presently has a $76.00 target price on the business services provider’s stock. Zacks Investment Research‘s target price indicates a potential upside of 4.81% from the company’s current price.
According to Zacks, “Booz Allen Hamilton is in the process of implementing Vision 2020 which is aimed at achieving sustainable long-term growth. The company is witnessing significantly higher backlog growth, shift in talent to more technical expertise, a strong performance in the global commercial market and disciplined acquisition. These initiatives might have impacted the company’s share price, which has outperformed its industry in the past year. The company is also laboring hard in innovation areas like Machine Intelligence and Directed Energy, thereby ensuring business development over the long haul. However, Booz Allen Hamilton is seeing an escalation in capital expenditure as it has increased investments in facilities, systems, infrastructure and technology. High debt may weigh on its future expansion and worsen its risk profile. Seasonality is a concern.”
Several other brokerages also recently issued reports on BAH. SunTrust Banks raised their price objective on shares of Booz Allen Hamilton to $88.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Citigroup lifted their price target on shares of Booz Allen Hamilton from $65.00 to $71.00 and gave the company a “neutral” rating in a research note on Tuesday, July 30th. JPMorgan Chase & Co. assumed coverage on shares of Booz Allen Hamilton in a research note on Tuesday, September 24th. They set a “neutral” rating and a $77.00 price target for the company. ValuEngine downgraded shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Barclays assumed coverage on shares of Booz Allen Hamilton in a research note on Friday, September 20th. They set an “equal weight” rating and a $77.00 price target for the company. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $77.22.
NYSE BAH traded up $1.16 during trading on Monday, hitting $72.51. The stock had a trading volume of 54,932 shares, compared to its average volume of 1,121,118. The company has a debt-to-equity ratio of 2.77, a quick ratio of 1.79 and a current ratio of 1.79. The stock has a market capitalization of $10.12 billion, a price-to-earnings ratio of 26.26, a P/E/G ratio of 1.78 and a beta of 0.90. Booz Allen Hamilton has a one year low of $43.24 and a one year high of $78.01. The stock has a 50 day simple moving average of $71.27 and a 200 day simple moving average of $68.85.
Booz Allen Hamilton (NYSE:BAH) last announced its quarterly earnings data on Friday, November 1st. The business services provider reported $0.81 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.70 by $0.11. The business had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.78 billion. Booz Allen Hamilton had a net margin of 6.40% and a return on equity of 57.89%. The firm’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.68 earnings per share. On average, sell-side analysts predict that Booz Allen Hamilton will post 3.12 EPS for the current year.
Several institutional investors have recently bought and sold shares of the company. Harel Insurance Investments & Financial Services Ltd. grew its holdings in shares of Booz Allen Hamilton by 26.8% during the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,677 shares of the business services provider’s stock valued at $261,000 after buying an additional 777 shares during the last quarter. BBVA USA Bancshares Inc. acquired a new position in shares of Booz Allen Hamilton in the third quarter worth about $565,000. Boston Advisors LLC raised its position in shares of Booz Allen Hamilton by 4.2% in the third quarter. Boston Advisors LLC now owns 108,314 shares of the business services provider’s stock worth $7,692,000 after acquiring an additional 4,377 shares during the period. GW&K Investment Management LLC raised its position in shares of Booz Allen Hamilton by 13.3% in the third quarter. GW&K Investment Management LLC now owns 790,034 shares of the business services provider’s stock worth $56,108,000 after acquiring an additional 92,919 shares during the period. Finally, Benjamin Edwards Inc. raised its position in shares of Booz Allen Hamilton by 9.5% in the third quarter. Benjamin Edwards Inc. now owns 6,804 shares of the business services provider’s stock worth $483,000 after acquiring an additional 591 shares during the period. 90.02% of the stock is owned by hedge funds and other institutional investors.
Booz Allen Hamilton Company Profile
Booz Allen Hamilton Holding Corporation provides management and technology consulting, engineering, analytics, digital, mission operations, and cyber solutions to governments, corporations, and not-for-profit organizations in the United States and internationally. The company offers consulting solutions for various domains, business strategies, human capital, and operations.
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