Booz Allen Hamilton Holding Co. (NYSE:BAH) Received Consensus “Buy” Recommendation From Brokerages
Shares of Booz Allen Hamilton Holding Co. (NYSE:BAH – Get Rating) received an average recommendation of “Buy” from the eleven analysts who currently cover the company, Marketbeat Ratings reports. Three research analysts rated the stock with a hold recommendation and seven gave the company a buy recommendation. The 1-year average price target among analysts who have covered the stock over the past year is $95.00.
A number of research companies have recently commented on BAH. Cowen raised his price target on Booz Allen Hamilton from $105.00 to $109.00 in a Monday, January 3 report. StockNews.com upgraded Booz Allen Hamilton from a “buy” rating to a “hold” rating in a Saturday, February 5 report. Morgan Stanley lowered its price target on Booz Allen Hamilton from $98.00 to $93.00 and set an “overweight” rating on the stock in a Tuesday, February 1, report. Barclays upgraded Booz Allen Hamilton from an ‘equal weight’ rating to an ‘overweight’ rating and raised its price target for the stock from $90.00 to $105.00 in a Monday, January 24 report . Finally, Raymond James upgraded Booz Allen Hamilton from a “market performer” rating to an “outperformer” rating and set a target price of $90.00 on the stock in a Monday, January 31 research report. .
NYSE BAH opened at $87.14 on Friday. The stock’s 50-day moving average is $80.69 and its 200-day moving average is $82.77. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt ratio of 2.56. Booz Allen Hamilton has a 12-month low of $69.68 and a 12-month high of $91.00. The stock has a market capitalization of $11.61 billion, a PE ratio of 20.80, a P/E/G ratio of 2.77 and a beta of 0.70.
Booz Allen Hamilton (NYSE:BAH – Get Rating) last released its quarterly results on Friday, January 28. The business services provider reported EPS of $1.02 for the quarter, beating the Zacks consensus estimate of $0.97 by $0.05. Booz Allen Hamilton had a return on equity of 54.65% and a net margin of 7.09%. The company posted revenue of $2.03 billion for the quarter, versus $2.13 billion expected by analysts. During the same period of the previous year, the company achieved EPS of $1.04. The company’s revenue increased by 6.6% compared to the same quarter last year. On average, analysts expect Booz Allen Hamilton to post an EPS of 4.17 for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, March 2. Shareholders of record on Friday, February 11 received a dividend of $0.43 per share. The ex-dividend date was Thursday, February 10. This represents an annualized dividend of $1.72 and a dividend yield of 1.97%. This is an increase from Booz Allen Hamilton’s previous quarterly dividend of $0.37. Booz Allen Hamilton’s payout ratio is currently 41.05%.
A number of institutional investors have recently changed their positions in BAH. Jacobi Capital Management LLC increased its stake in Booz Allen Hamilton shares by 70.3% in Q3. Jacobi Capital Management LLC now owns 315 shares of the business services provider worth $25,000 after purchasing an additional 130 shares during the period. Counterpoint Mutual Funds LLC purchased a new equity stake from Booz Allen Hamilton in Q4 for $25,000. NuWave Investment Management LLC purchased a new equity stake from Booz Allen Hamilton in Q4 for $28,000. Quent Capital LLC purchased a new equity stake from Booz Allen Hamilton in Q4 for $28,000. Finally, SouthState Corp purchased a new equity stake from Booz Allen Hamilton during Q3 for $29,000. 88.34% of the shares are currently held by institutional investors.
Booz Allen Hamilton Company Profile (Get a rating)
Booz Allen Hamilton Holding Corp. provides management and technology consulting services. It offers analysis, digital solutions, engineering and cybernetic expertise. The company was founded by Edwin Booz in 1914 and is based in McLean, Virginia.
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