Booz Allen Hamilton Holding Co. (NYSE:BAH) Receives Average Recommendation of “Buy” from Analysts

Shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) have been given an average rating of “Buy” by the fifteen brokerages that are covering the company, MarketBeat.Com reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation, ten have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $31.21.

In other Booz Allen Hamilton Holding news, major shareholder Explorer Coinvest Llc sold 13,000,000 shares of Booz Allen Hamilton Holding stock in a transaction dated Monday, November 9th. The stock was sold at an average price of $28.67, for a total value of $372,710,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

An institutional investor recently raised its position in Booz Allen Hamilton Holding stock. Eagle Asset Management increased its position in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 102.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,126,602 shares of the company’s stock after buying an additional 569,322 shares during the period. Eagle Asset Management owned about 0.76% of Booz Allen Hamilton Holding worth $29,528,000 at the end of the most recent reporting period.

Shares of Booz Allen Hamilton Holding (NYSE:BAH) traded down 1.62% on Monday, reaching $30.35. The company’s stock had a trading volume of 53,101 shares. The company has a market cap of $4.51 billion and a P/E ratio of 21.19. Booz Allen Hamilton Holding has a 52-week low of $23.87 and a 52-week high of $31.34. The company has a 50 day moving average price of $29.89 and a 200 day moving average price of $27.70.

Booz Allen Hamilton Holding (NYSE:BAH) last posted its quarterly earnings results on Wednesday, October 28th. The company reported $0.39 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.04. The company earned $1.32 billion during the quarter, compared to the consensus estimate of $1.27 billion. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.44 earnings per share. On average, analysts anticipate that Booz Allen Hamilton Holding will post $1.66 earnings per share for the current fiscal year.

BAH has been the topic of several recent research reports. Morgan Stanley lowered Booz Allen Hamilton Holding from an “equal weight” rating to an “underweight” rating and reduced their price target for the stock from $38.00 to $23.00 in a research report on Friday, September 11th. Zacks Investment Research lowered Booz Allen Hamilton Holding from a “hold” rating to a “sell” rating in a research report on Wednesday, September 30th. RBC Capital restated an “outperform” rating and issued a $34.00 price target (up from $32.00) on shares of Booz Allen Hamilton Holding in a research report on Thursday, October 29th. Stifel Nicolaus raised their price target on Booz Allen Hamilton Holding from $32.00 to $33.00 and gave the stock a “buy” rating in a research report on Thursday, October 29th. Finally, Vetr lowered Booz Allen Hamilton Holding from a “hold” rating to a “sell” rating and set a $27.44 price target on the stock. in a research report on Thursday, October 29th.

12 Month Chart for NYSE:BAH

Booz Allen Hamilton Holding Corporation is a management consulting company. The Company provides management consulting, technology and engineering services to the United States Government in the defense, intelligence and civil markets. It also provides management and technology consulting services to major corporations, institutions, not-for-profit organizations and international clients. Its client base includes the cabinet-level departments of the United States Government, clients in selected commercial markets and international clients. Major government clients include the Department of Defense, all branches of the United States military, the United States Intelligence Community and civil agencies such as the Department of Homeland Security, the Department of Health and Human Services and the Department of the Treasury. In the commercial sector, the Company serves the United States clients primarily in the financial services, healthcare, energy, retail and automotive markets.

 

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