Bank of America Cuts Booz Allen Hamilton (NYSE:BAH) Price Target to $75.00

Booz Allen Hamilton (NYSE:BAH) had its target price lowered by Bank of America from $90.00 to $75.00 in a research report sent to investors on Monday morning,Benzinga reports. The firm currently has an underperform rating on the business services provider’s stock.

A number of other brokerages also recently issued reports on BAH. Citigroup decreased their price objective on Booz Allen Hamilton from $88.00 to $69.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 1st. BNP Paribas Exane initiated coverage on Booz Allen Hamilton in a research report on Wednesday, May 27th. They set a “neutral” rating and a $80.00 target price on the stock. The Goldman Sachs Group decreased their price target on Booz Allen Hamilton from $74.00 to $65.00 and set a “sell” rating on the stock in a report on Tuesday, July 14th. Stifel Nicolaus set a $110.00 price target on Booz Allen Hamilton and gave the stock a “buy” rating in a research report on Tuesday, May 26th. Finally, Wells Fargo & Company assumed coverage on shares of Booz Allen Hamilton in a research note on Wednesday, April 1st. They set an “equal weight” rating and a $85.00 price objective for the company. Two equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Reduce” and an average price target of $79.83.

Booz Allen Hamilton Price Performance

Booz Allen Hamilton stock opened at $66.20 on Monday. Booz Allen Hamilton has a 52-week low of $59.50 and a 52-week high of $120.04. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 3.55. The firm’s fifty day moving average is $70.52 and its 200 day moving average is $78.46. The company has a market cap of $7.93 billion, a price-to-earnings ratio of 9.61, a PEG ratio of 3.31 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 earnings per share for the quarter, topping analysts’ consensus estimates of $1.32 by $0.46. Booz Allen Hamilton had a net margin of 7.59% and a return on equity of 76.07%. The firm had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $2.87 billion. During the same period in the previous year, the firm posted $1.61 EPS. The business’s quarterly revenue was down 5.9% on a year-over-year basis. Booz Allen Hamilton has set its FY 2027 guidance at 6.000-6.350 EPS. Sell-side analysts forecast that Booz Allen Hamilton will post 6.31 EPS for the current fiscal year.

Booz Allen Hamilton Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Wednesday, June 10th were issued a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 3.6%. The ex-dividend date was Wednesday, June 10th. Booz Allen Hamilton’s dividend payout ratio is presently 34.25%.

Hedge Funds Weigh In On Booz Allen Hamilton

A number of large investors have recently bought and sold shares of BAH. Vanguard Group Inc. increased its stake in Booz Allen Hamilton by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 13,946,447 shares of the business services provider’s stock worth $1,176,522,000 after purchasing an additional 227,141 shares during the period. T. Rowe Price Investment Management Inc. grew its holdings in shares of Booz Allen Hamilton by 38.4% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 6,528,226 shares of the business services provider’s stock worth $550,722,000 after purchasing an additional 1,811,906 shares during the last quarter. First Trust Advisors LP grew its holdings in shares of Booz Allen Hamilton by 36.0% in the fourth quarter. First Trust Advisors LP now owns 4,856,528 shares of the business services provider’s stock worth $409,697,000 after purchasing an additional 1,285,475 shares during the last quarter. Primecap Management Co. CA increased its stake in Booz Allen Hamilton by 135.2% in the 4th quarter. Primecap Management Co. CA now owns 4,666,298 shares of the business services provider’s stock worth $393,649,000 after buying an additional 2,682,460 shares during the period. Finally, State Street Corp increased its stake in Booz Allen Hamilton by 53.2% in the 4th quarter. State Street Corp now owns 4,402,897 shares of the business services provider’s stock worth $371,428,000 after buying an additional 1,528,739 shares during the period. 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.