Stifel Nicolaus Reaffirms Buy Rating for Booz Allen Hamilton (BAH)

Stifel Nicolaus restated their buy rating on shares of Booz Allen Hamilton (NYSE:BAH) in a research note issued to investors on Tuesday morning. They currently have a $50.00 target price on the business services provider’s stock.

Several other research analysts have also weighed in on the company. SunTrust Banks assumed coverage on Booz Allen Hamilton in a report on Friday, December 1st. They set a buy rating and a $47.00 target price on the stock. Zacks Investment Research upgraded 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 Wednesday, November 8th. Jefferies Group upgraded Booz Allen Hamilton from a hold rating to a buy rating in a report on Tuesday, November 7th. ValuEngine lowered Booz Allen Hamilton from a buy rating to a hold rating in a report on Saturday, November 4th. Finally, Wells Fargo & Co lifted 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. Six investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Booz Allen Hamilton currently has a consensus rating of Buy and an average price target of $41.32.

Booz Allen Hamilton (NYSE BAH) traded up $0.04 during mid-day trading on Tuesday, reaching $39.29. The company’s stock had a trading volume of 818,314 shares, compared to its average volume of 835,822. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 3.33. The company has a market capitalization of $5,730.00, a price-to-earnings ratio of 21.83, a PEG ratio of 2.36 and a beta of 1.28. Booz Allen Hamilton has a 52-week low of $31.06 and a 52-week high of $39.67.

Booz Allen Hamilton (NYSE:BAH) last posted its earnings results on Monday, November 6th. The business services provider reported $0.48 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.02. The firm had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.50 billion. Booz Allen Hamilton had a return on equity of 48.30% and a net margin of 4.52%. The company’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.46 earnings per share. sell-side analysts expect that Booz Allen Hamilton will post 1.92 earnings per share for the current year.

In other news, CFO Lloyd Howell, Jr. sold 11,745 shares of the business’s stock in a transaction dated Tuesday, January 9th. The stock was sold at an average price of $39.50, for a total value of $463,927.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Susan L. Penfield sold 30,022 shares of the business’s stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $38.31, for a total value of $1,150,142.82. The disclosure for this sale can be found here. Insiders own 3.04% of the company’s stock.

Several institutional investors have recently modified their holdings of BAH. Ameriprise Financial Inc. lifted its holdings in shares of Booz Allen Hamilton by 92.5% in the second quarter. Ameriprise Financial Inc. now owns 3,405,492 shares of the business services provider’s stock valued at $110,798,000 after purchasing an additional 1,636,510 shares in the last quarter. Citadel Advisors LLC lifted its holdings in shares of Booz Allen Hamilton by 120.4% in the third quarter. Citadel Advisors LLC now owns 2,877,330 shares of the business services provider’s stock valued at $107,583,000 after purchasing an additional 1,571,542 shares in the last quarter. Findlay Park Partners LLP lifted its holdings in shares of Booz Allen Hamilton by 51.7% in the second quarter. Findlay Park Partners LLP now owns 3,700,000 shares of the business services provider’s stock valued at $120,398,000 after purchasing an additional 1,261,292 shares in the last quarter. Southpoint Capital Advisors LP bought a new stake in shares of Booz Allen Hamilton in the second quarter valued at about $19,524,000. Finally, ETF Managers Group LLC acquired a new stake in shares of Booz Allen Hamilton in the second quarter valued at about $14,277,000. Institutional investors own 92.81% 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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