Brokerages Set Booz Allen Hamilton Holding Co. (BAH) Target Price at $40.83

Booz Allen Hamilton Holding Co. (NYSE:BAH) has earned a consensus rating of “Buy” from the fifteen ratings firms that are covering the firm, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $41.45.

A number of equities research analysts have recently weighed in on the company. SunTrust Banks began coverage on Booz Allen Hamilton in a report on Friday. They set a “buy” rating and a $47.00 price target on the stock. ValuEngine cut Booz Allen Hamilton from a “buy” rating to a “hold” rating in a report on Saturday, November 4th. Zacks Investment Research cut Booz Allen Hamilton from a “buy” rating to a “hold” rating in a report on Wednesday, October 18th. Wells Fargo & Company boosted their target price on Booz Allen Hamilton from $40.00 to $42.00 and gave the stock an “outperform” rating in a report on Wednesday, October 25th. Finally, Vertical Research raised Booz Allen Hamilton from a “hold” rating to a “buy” rating and set a $42.00 target price on the stock in a report on Tuesday, October 3rd.

Booz Allen Hamilton (BAH) traded down $0.04 during trading hours on Thursday, reaching $38.56. The company had a trading volume of 1,119,440 shares, compared to its average volume of 1,144,579. The firm has a market capitalization of $5,621.05, a P/E ratio of 20.95, a price-to-earnings-growth ratio of 2.39 and a beta of 1.28. Booz Allen Hamilton has a fifty-two week low of $31.06 and a fifty-two week high of $39.67. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 3.33.

Booz Allen Hamilton (NYSE:BAH) last issued its earnings results on Monday, November 6th. The business services provider reported $0.48 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.02. The firm had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.50 billion. Booz Allen Hamilton had a net margin of 4.52% and a return on equity of 48.30%. Booz Allen Hamilton’s revenue was up 10.6% on a year-over-year basis. During the same quarter last year, the company posted $0.46 earnings per share. analysts expect that Booz Allen Hamilton will post 1.91 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 30th. Shareholders of record on Tuesday, November 14th were given a $0.17 dividend. This is a positive change from Booz Allen Hamilton’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend was Monday, November 13th. This represents a $0.68 annualized dividend and a yield of 1.76%. Booz Allen Hamilton’s payout ratio is 37.57%.

In other Booz Allen Hamilton news, insider Horacio Rozanski sold 30,000 shares of Booz Allen Hamilton stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $36.01, for a total value of $1,080,300.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Karen M. Dahut sold 46,406 shares of Booz Allen Hamilton stock in a transaction that occurred on Wednesday, October 4th. The stock was sold at an average price of $38.02, for a total transaction of $1,764,356.12. The disclosure for this sale can be found here. In the last 90 days, insiders sold 104,406 shares of company stock worth $3,871,976. 3.04% of the stock is currently owned by company insiders.

A number of institutional investors have recently bought and sold shares of BAH. Advisor Group Inc. grew its position in Booz Allen Hamilton by 13.1% in the second quarter. Advisor Group Inc. now owns 3,497 shares of the business services provider’s stock worth $113,000 after buying an additional 405 shares during the last quarter. Public Employees Retirement Association of Colorado grew its position in Booz Allen Hamilton by 27.8% in the second quarter. Public Employees Retirement Association of Colorado now owns 4,602 shares of the business services provider’s stock worth $150,000 after buying an additional 1,001 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in Booz Allen Hamilton by 8.2% in the second quarter. The Manufacturers Life Insurance Company now owns 4,603 shares of the business services provider’s stock worth $150,000 after buying an additional 347 shares during the last quarter. Tudor Investment Corp ET AL acquired a new position in Booz Allen Hamilton in the second quarter worth approximately $206,000. Finally, Fiduciary Trust Co. acquired a new position in Booz Allen Hamilton in the second quarter worth approximately $217,000. Hedge funds and other institutional investors own 92.60% of the company’s stock.

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Booz Allen Hamilton Company Profile

Booz Allen Hamilton Holding Corporation is a holding company. The Company is a provider of management and technology, consulting and engineering services to the United States and international governments, corporations and not-for-profit organizations. The Company’s client base includes government, commercial and international clients.

Analyst Recommendations for Booz Allen Hamilton (NYSE:BAH)

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