Booz Allen Hamilton Holding Corporation (NYSE:BAH) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Monday. The firm currently has a $42.00 target price on the business services provider’s stock. Zacks Investment Research‘s price objective points to a potential upside of 11.58% from the stock’s previous close.

According to Zacks, “Booz Allen Hamilton Inc. is engaged in providing management and technology consulting services to the U.S. government in the defense, intelligence and civil markets. Technological services offered by the Company include Cyber technologies, SE&I, Systems development and Strategic technology and innovation. Its major clients include the Department of Defense, all branches of the U.S. military, the U.S. Intelligence Community, and civil agencies such as the Department of Homeland Security, the Department of Energy, the Department of Health and Human Services, the Department of the Treasury and the Environmental Protection Agency. Booz Allen Hamilton Inc. is headquartered in McLean, Virginia, the United States of America. “

Other research analysts have also issued reports about the stock. Bank of America Corporation lowered shares of Booz Allen Hamilton Holding Corporation from a “buy” rating to a “neutral” rating in a research note on Friday, June 16th. Vertical Research lowered shares of Booz Allen Hamilton Holding Corporation from a “buy” rating to a “hold” rating and cut their target price for the stock from $42.00 to $36.00 in a research note on Friday, June 16th. Drexel Hamilton lowered shares of Booz Allen Hamilton Holding Corporation from a “buy” rating to a “hold” rating and cut their target price for the stock from $39.67 to $27.47 in a research note on Friday, June 16th. Raymond James Financial, Inc. reissued a “market perform” rating on shares of Booz Allen Hamilton Holding Corporation in a research note on Friday, June 16th. Finally, Wells Fargo & Company reissued an “outperform” rating and set a $40.00 target price (down from $43.00) on shares of Booz Allen Hamilton Holding Corporation in a research note on Friday, June 16th. Six analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Booz Allen Hamilton Holding Corporation has an average rating of “Buy” and an average target price of $38.50.

Shares of Booz Allen Hamilton Holding Corporation (BAH) traded down 0.13% during trading on Monday, hitting $37.64. 1,932,368 shares of the stock were exchanged. The firm’s 50 day moving average price is $35.58 and its 200-day moving average price is $35.31. The stock has a market cap of $5.60 billion, a P/E ratio of 21.59 and a beta of 1.30. Booz Allen Hamilton Holding Corporation has a 52 week low of $29.55 and a 52 week high of $39.67.

Booz Allen Hamilton Holding Corporation (NYSE:BAH) last posted its quarterly earnings data on Monday, August 7th. The business services provider reported $0.53 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.06. Booz Allen Hamilton Holding Corporation had a net margin of 4.50% and a return on equity of 48.35%. The company had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.52 billion. During the same period in the prior year, the company posted $0.46 earnings per share. Booz Allen Hamilton Holding Corporation’s revenue for the quarter was up 5.0% compared to the same quarter last year. On average, analysts predict that Booz Allen Hamilton Holding Corporation will post $1.92 EPS for the current year.

WARNING: “Booz Allen Hamilton Holding Corporation (BAH) Upgraded by Zacks Investment Research to Buy” was originally posted by Daily Political and is the sole property of of Daily Political. If you are viewing this report on another website, it was illegally stolen and reposted in violation of U.S. and international trademark and copyright law. The correct version of this report can be read at https://www.dailypolitical.com/2017/10/09/booz-allen-hamilton-holding-corporation-bah-upgraded-by-zacks-investment-research-to-buy.html.

In other news, insider Karen M. Dahut sold 46,406 shares of the stock in a transaction dated Wednesday, October 4th. The shares were sold at an average price of $38.02, for a total value of $1,764,356.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Karen M. Dahut sold 36,000 shares of the stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $34.02, for a total transaction of $1,224,720.00. The disclosure for this sale can be found here. Insiders sold 150,407 shares of company stock worth $5,434,430 over the last ninety days. Insiders own 3.04% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. Colony Group LLC raised its holdings in shares of Booz Allen Hamilton Holding Corporation by 2.3% in the second quarter. Colony Group LLC now owns 68,566 shares of the business services provider’s stock valued at $2,231,000 after purchasing an additional 1,524 shares during the last quarter. Koch Industries Inc. purchased a new stake in shares of Booz Allen Hamilton Holding Corporation in the second quarter valued at about $234,000. Nomura Holdings Inc. purchased a new stake in shares of Booz Allen Hamilton Holding Corporation in the second quarter valued at about $398,000. California State Teachers Retirement System raised its holdings in shares of Booz Allen Hamilton Holding Corporation by 15.6% in the second quarter. California State Teachers Retirement System now owns 261,393 shares of the business services provider’s stock valued at $8,506,000 after purchasing an additional 35,274 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. raised its holdings in shares of Booz Allen Hamilton Holding Corporation by 0.3% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 18,217 shares of the business services provider’s stock valued at $593,000 after purchasing an additional 49 shares during the last quarter. Institutional investors own 93.62% 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)

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.