Booz Allen Hamilton Holding Corporation (BAH) Lowered to Hold at BidaskClub

Booz Allen Hamilton Holding Corporation (NYSE:BAH) was downgraded by investment analysts at BidaskClub from a “buy” rating to a “hold” rating in a note issued to investors on Thursday.

BAH has been the topic of a number of other research reports. Wells Fargo & Company restated an “outperform” rating and issued a $40.00 price target (down previously from $43.00) on shares of Booz Allen Hamilton Holding Corporation in a research note on Friday, June 16th. Bank of America Corporation cut Booz Allen Hamilton Holding Corporation from a “buy” rating to a “neutral” rating in a research note on Friday, June 16th. Raymond James Financial, Inc. restated a “market perform” rating on shares of Booz Allen Hamilton Holding Corporation in a research note on Friday, June 16th. Drexel Hamilton cut Booz Allen Hamilton Holding Corporation from a “buy” rating to a “hold” rating and dropped their price target for the company from $39.67 to $27.47 in a research note on Friday, June 16th. Finally, Vertical Research cut Booz Allen Hamilton Holding Corporation from a “buy” rating to a “hold” rating and dropped their price target for the company from $42.00 to $36.00 in a research note on Friday, June 16th. Nine research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Booz Allen Hamilton Holding Corporation has a consensus rating of “Hold” and an average price target of $37.35.

Booz Allen Hamilton Holding Corporation (NYSE BAH) traded up 1.65% during mid-day trading on Thursday, hitting $32.66. 62,765 shares of the company traded hands. The company’s 50-day moving average price is $33.37 and its 200 day moving average price is $35.40. The company has a market capitalization of $4.86 billion, a price-to-earnings ratio of 18.74 and a beta of 1.31. Booz Allen Hamilton Holding Corporation has a one year low of $29.55 and a one year high of $39.67.

Booz Allen Hamilton Holding Corporation (NYSE:BAH) last released its quarterly earnings data on Monday, August 7th. The business services provider reported $0.53 EPS for the quarter, beating the consensus estimate of $0.47 by $0.06. The company had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.52 billion. Booz Allen Hamilton Holding Corporation had a return on equity of 48.35% and a net margin of 4.50%. The firm’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.46 EPS. On average, analysts anticipate that Booz Allen Hamilton Holding Corporation will post $1.91 earnings per share for the current fiscal year.

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In other Booz Allen Hamilton Holding Corporation news, CAO Joseph W. Mahaffee sold 50,000 shares of the stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $39.00, for a total transaction of $1,950,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Lloyd Howell, Jr. sold 24,140 shares of the stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $38.51, for a total value of $929,631.40. The disclosure for this sale can be found here. Insiders have sold a total of 239,140 shares of company stock worth $9,225,081 in the last quarter. Company insiders own 3.04% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Teacher Retirement System of Texas boosted its position in Booz Allen Hamilton Holding Corporation by 0.6% in the second quarter. Teacher Retirement System of Texas now owns 11,980 shares of the business services provider’s stock valued at $390,000 after buying an additional 66 shares during the last quarter. Somerset Trust Co boosted its position in Booz Allen Hamilton Holding Corporation by 0.5% in the second quarter. Somerset Trust Co now owns 14,022 shares of the business services provider’s stock valued at $457,000 after buying an additional 75 shares during the last quarter. Coe Capital Management LLC boosted its position in Booz Allen Hamilton Holding Corporation by 0.4% in the first quarter. Coe Capital Management LLC now owns 44,865 shares of the business services provider’s stock valued at $1,588,000 after buying an additional 195 shares during the last quarter. Blair William & Co. IL boosted its position in Booz Allen Hamilton Holding Corporation by 0.7% in the first quarter. Blair William & Co. IL now owns 29,436 shares of the business services provider’s stock valued at $1,043,000 after buying an additional 201 shares during the last quarter. Finally, Comerica Bank boosted its position in Booz Allen Hamilton Holding Corporation by 2.8% in the first quarter. Comerica Bank now owns 8,689 shares of the business services provider’s stock valued at $314,000 after buying an additional 237 shares during the last quarter. Hedge funds and other institutional investors own 95.17% of the company’s stock.

Booz Allen Hamilton Holding Corporation 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 Holding Corporation (NYSE:BAH)

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