Booz Allen Hamilton (NYSE:BAH) Given New $69.00 Price Target at Citigroup

Booz Allen Hamilton (NYSE:BAH) had its target price lowered by equities researchers at Citigroup from $88.00 to $69.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has a “neutral” rating on the business services provider’s stock. Citigroup’s target price would indicate a potential upside of 12.99% from the stock’s previous close.

Several other research analysts have also weighed in on BAH. Stifel Nicolaus set a $110.00 price objective on shares of Booz Allen Hamilton and gave the stock a “buy” rating in a research note on Tuesday, May 26th. Truist Financial cut their target price on shares of Booz Allen Hamilton from $98.00 to $85.00 and set a “hold” rating for the company in a research note on Monday, April 20th. Weiss Ratings raised Booz Allen Hamilton from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, June 23rd. William Blair restated an “outperform” rating on shares of Booz Allen Hamilton in a research note on Tuesday, March 3rd. Finally, UBS Group reaffirmed a “neutral” rating and issued a $83.00 price objective on shares of Booz Allen Hamilton in a research report on Tuesday, May 26th. Two equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus price target of $86.50.

Booz Allen Hamilton Stock Up 0.7%

Shares of NYSE:BAH traded up $0.40 during midday trading on Wednesday, hitting $61.07. The stock had a trading volume of 306,219 shares, compared to its average volume of 2,163,424. Booz Allen Hamilton has a 12 month low of $59.50 and a 12 month 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 business’s 50-day simple moving average is $74.83 and its 200-day simple moving average is $81.07. The company has a market cap of $7.31 billion, a P/E ratio of 8.86, a PEG ratio of 3.54 and a beta of 0.32.

Booz Allen Hamilton (NYSE:BAH) last issued 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. The business had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $2.87 billion. Booz Allen Hamilton had a net margin of 7.59% and a return on equity of 76.07%. The firm’s revenue for the quarter was down 5.9% on a year-over-year basis. During the same period in the previous year, the company earned $1.61 earnings per share. Booz Allen Hamilton has set its FY 2027 guidance at 6.000-6.350 EPS. On average, sell-side analysts forecast that Booz Allen Hamilton will post 6.23 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Activest Wealth Management raised its holdings in Booz Allen Hamilton by 141.3% in the 4th quarter. Activest Wealth Management now owns 304 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 178 shares during the period. Torren Management LLC bought a new stake in shares of Booz Allen Hamilton during the fourth quarter worth approximately $26,000. Rakuten Securities Inc. grew its position in shares of Booz Allen Hamilton by 414.6% in the second quarter. Rakuten Securities Inc. now owns 247 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 199 shares during the last quarter. Aventura Private Wealth LLC acquired a new position in shares of Booz Allen Hamilton in the fourth quarter valued at approximately $27,000. Finally, PenderFund Capital Management Ltd. acquired a new position in shares of Booz Allen Hamilton in the fourth quarter valued at approximately $30,000. Institutional investors and hedge funds 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.