Booz Allen Hamilton (NYSE:BAH) Stock Rating Upgraded by Raymond James

Booz Allen Hamilton (NYSE:BAH) was upgraded by stock analysts at Raymond James from a “market perform” rating to an “outperform” rating in a research report issued to clients and investors on Monday, MarketBeat reports. The firm currently has a $150.00 price target on the business services provider’s stock. Raymond James’ price objective would indicate a potential upside of 13.73% from the company’s current price.

Other equities research analysts have also recently issued research reports about the company. Jefferies Financial Group cut Booz Allen Hamilton from a “buy” rating to a “hold” rating and boosted their target price for the stock from $180.00 to $190.00 in a report on Monday, November 4th. The Goldman Sachs Group cut their price objective on Booz Allen Hamilton from $210.00 to $158.00 and set a “buy” rating for the company in a report on Thursday, December 12th. Barclays raised Booz Allen Hamilton from an “underweight” rating to an “equal weight” rating and set a $140.00 target price on the stock in a report on Monday, January 6th. Truist Financial cut their price target on shares of Booz Allen Hamilton from $185.00 to $155.00 and set a “hold” rating for the company in a report on Friday, November 22nd. Finally, UBS Group began coverage on shares of Booz Allen Hamilton in a research note on Monday, December 2nd. They issued a “neutral” rating and a $159.00 price objective on the stock. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $158.80.

Booz Allen Hamilton Stock Up 1.9 %

Shares of Booz Allen Hamilton stock opened at $131.89 on Monday. The company has a market capitalization of $16.85 billion, a P/E ratio of 19.66, a PEG ratio of 1.53 and a beta of 0.55. The company has a debt-to-equity ratio of 2.76, a current ratio of 1.56 and a quick ratio of 1.56. Booz Allen Hamilton has a 1-year low of $121.02 and a 1-year high of $190.59. The business’s fifty day moving average price is $135.09 and its two-hundred day moving average price is $150.18.

Booz Allen Hamilton (NYSE:BAH) last announced its earnings results on Friday, January 31st. The business services provider reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.48 by $0.07. Booz Allen Hamilton had a net margin of 7.39% and a return on equity of 70.51%. As a group, research analysts forecast that Booz Allen Hamilton will post 6.32 EPS for the current year.

Hedge Funds Weigh In On Booz Allen Hamilton

Several institutional investors and hedge funds have recently added to or reduced their stakes in BAH. Algert Global LLC acquired a new stake in shares of Booz Allen Hamilton in the second quarter worth $434,000. Creative Planning lifted its stake in Booz Allen Hamilton by 16.7% in the 2nd quarter. Creative Planning now owns 6,727 shares of the business services provider’s stock worth $1,035,000 after acquiring an additional 962 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in Booz Allen Hamilton during the 2nd quarter worth about $2,289,000. Diversified Trust Co grew its stake in Booz Allen Hamilton by 153.4% during the 3rd quarter. Diversified Trust Co now owns 5,318 shares of the business services provider’s stock valued at $866,000 after acquiring an additional 3,219 shares in the last quarter. Finally, Fulton Bank N.A. increased its holdings in shares of Booz Allen Hamilton by 3.4% in the 3rd quarter. Fulton Bank N.A. now owns 5,761 shares of the business services provider’s stock valued at $938,000 after purchasing an additional 189 shares during the period. 91.82% of the stock is currently owned by hedge funds and other institutional investors.

About Booz Allen Hamilton

Booz Allen Hamilton Holding Corporation provides management and technology consulting, analytics, engineering, digital solutions, mission operations, and cyber services to governments, corporations, and not-for-profit organizations in the United States and internationally. It focuses on artificial intelligence services comprising of machine learning, predictive modeling, automation and decision analytics, and quantum computing.