Booz Allen Hamilton Holding Corporation (BAH) Stock Rating Reaffirmed by Cowen and Company

Booz Allen Hamilton Holding Corporation (NYSE:BAH)‘s stock had its “buy” rating restated by equities research analysts at Cowen and Company in a research report issued on Thursday. They presently have a $50.00 price target on the business services provider’s stock. Cowen and Company’s price target would suggest a potential upside of 33.33% from the stock’s current price.

BAH has been the subject of several other reports. Vertical Research cut Booz Allen Hamilton Holding Corporation from a “buy” rating to a “hold” rating and dropped their price objective for the company from $42.00 to $36.00 in a report on Friday, June 16th. Drexel Hamilton cut Booz Allen Hamilton Holding Corporation from a “buy” rating to a “hold” rating and dropped their price objective for the company from $39.67 to $27.47 in a report on Friday, June 16th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $36.00 price objective on shares of Booz Allen Hamilton Holding Corporation in a report on Thursday, September 21st. Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of Booz Allen Hamilton Holding Corporation in a report on Friday, June 16th. Finally, Bank of America Corporation cut Booz Allen Hamilton Holding Corporation from a “buy” rating to a “neutral” rating in a report on Friday, June 16th. Six analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $39.50.

Shares of Booz Allen Hamilton Holding Corporation (NYSE BAH) traded up 2.333% during mid-day trading on Thursday, reaching $38.375. The company’s stock had a trading volume of 680,612 shares. Booz Allen Hamilton Holding Corporation has a 52-week low of $29.63 and a 52-week high of $39.68. The firm has a market cap of $5.71 billion, a price-to-earnings ratio of 22.017 and a beta of 1.30. The firm has a 50 day moving average price of $35.89 and a 200 day moving average price of $35.33.

Booz Allen Hamilton Holding Corporation (NYSE:BAH) last announced its quarterly earnings data on Monday, August 7th. The business services provider reported $0.53 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.06. The firm had revenue of $1.49 billion during the quarter, compared to analysts’ expectations 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 company’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.46 EPS. On average, equities analysts predict that Booz Allen Hamilton Holding Corporation will post $1.92 EPS for the current fiscal year.

WARNING: This piece was originally reported by Ticker Report and is the sole property of of Ticker Report. If you are accessing this piece on another publication, it was copied illegally and reposted in violation of international copyright & trademark legislation. The legal version of this piece can be viewed at https://www.tickerreport.com/banking-finance/2955749/booz-allen-hamilton-holding-corporation-bah-stock-rating-reaffirmed-by-cowen-and-company.html.

In other news, insider Karen M. Dahut sold 46,406 shares of the business’s stock in a transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Elizabeth M. Thompson sold 28,000 shares of the business’s stock in a transaction on Thursday, September 28th. The stock was sold at an average price of $36.69, for a total value of $1,027,320.00. The disclosure for this sale can be found here. Insiders have sold a total of 150,407 shares of company stock valued at $5,434,430 in the last three months. 3.04% of the stock is owned by insiders.

Several institutional investors have recently bought and sold shares of the company. Colony Group LLC raised its holdings in shares of Booz Allen Hamilton Holding Corporation by 2.3% during the 2nd quarter. Colony Group LLC now owns 68,566 shares of the business services provider’s stock worth $2,231,000 after buying an additional 1,524 shares in the last quarter. Koch Industries Inc. acquired a new position in shares of Booz Allen Hamilton Holding Corporation during the 2nd quarter worth $234,000. Nomura Holdings Inc. acquired a new position in shares of Booz Allen Hamilton Holding Corporation during the 2nd quarter worth $398,000. California State Teachers Retirement System raised its holdings in shares of Booz Allen Hamilton Holding Corporation by 15.6% during the 2nd quarter. California State Teachers Retirement System now owns 261,393 shares of the business services provider’s stock worth $8,506,000 after buying an additional 35,274 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. raised its holdings in shares of Booz Allen Hamilton Holding Corporation by 0.3% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 18,217 shares of the business services provider’s stock worth $593,000 after buying an additional 49 shares in the last quarter. 93.62% of the stock is owned by institutional investors.

About Booz Allen Hamilton Holding Corporation

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)

Receive News & Ratings for Booz Allen Hamilton Holding Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Booz Allen Hamilton Holding Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2017 Ticker Report. Google+.