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 to clients and investors on Thursday. They currently have a $50.00 price objective on the business services provider’s stock, up from their previous price objective of $41.00. Cowen and Company’s price target indicates a potential upside of 29.67% from the company’s current price.

A number of other equities analysts have also recently commented on the company. Zacks Investment Research raised Booz Allen Hamilton Holding Corporation from a “hold” rating to a “buy” rating and set a $42.00 price target on the stock in a research note on Monday, October 9th. Vertical Research raised Booz Allen Hamilton Holding Corporation from a “hold” rating to a “buy” rating and set a $42.00 price target on the stock in a research note on Tuesday, October 3rd. Jefferies Group LLC reaffirmed a “hold” rating and issued a $36.00 price target on shares of Booz Allen Hamilton Holding Corporation in a research note on Thursday, September 21st. BidaskClub raised Booz Allen Hamilton Holding Corporation from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 24th. Finally, Wells Fargo & Company reaffirmed an “outperform” rating and issued a $40.00 price target (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 given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $39.50.

Shares of Booz Allen Hamilton Holding Corporation (BAH) opened at 38.56 on Thursday. The company has a market capitalization of $5.73 billion, a PE ratio of 22.12 and a beta of 1.30. The company has a 50-day moving average price of $36.13 and a 200 day moving average price of $35.37. Booz Allen Hamilton Holding Corporation has a one year low of $29.67 and a one year high of $39.67.

Booz Allen Hamilton Holding Corporation (NYSE:BAH) last announced its quarterly earnings results on Monday, August 7th. The business services provider reported $0.53 EPS for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.06. The business had revenue of $1.49 billion for 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 business’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.46 EPS. Equities analysts anticipate that Booz Allen Hamilton Holding Corporation will post $1.92 EPS for the current year.

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In other Booz Allen Hamilton Holding Corporation news, Director Peter J. Clare acquired 10,000 shares of the business’s stock in a transaction dated Thursday, August 10th. The shares were purchased at an average cost of $32.30 per share, for a total transaction of $323,000.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Karen M. Dahut sold 46,406 shares of Booz Allen Hamilton Holding Corporation stock in a transaction that occurred on Wednesday, October 4th. The stock was sold at an average price of $38.02, for a total value of $1,764,356.12. The disclosure for this sale can be found here. Over the last quarter, insiders sold 150,407 shares of company stock worth $5,434,430. Corporate insiders own 3.04% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. grew its position in shares of Booz Allen Hamilton Holding Corporation by 1.6% in the 2nd quarter. Vanguard Group Inc. now owns 14,773,125 shares of the business services provider’s stock worth $480,717,000 after buying an additional 238,715 shares during the last quarter. BlackRock Inc. grew its position in shares of Booz Allen Hamilton Holding Corporation by 3.5% in the 2nd quarter. BlackRock Inc. now owns 8,513,954 shares of the business services provider’s stock worth $277,044,000 after buying an additional 286,535 shares during the last quarter. William Blair Investment Management LLC grew its position in shares of Booz Allen Hamilton Holding Corporation by 1.3% in the 2nd quarter. William Blair Investment Management LLC now owns 7,862,778 shares of the business services provider’s stock worth $255,855,000 after buying an additional 99,904 shares during the last quarter. TimesSquare Capital Management LLC grew its position in shares of Booz Allen Hamilton Holding Corporation by 34.9% in the 2nd quarter. TimesSquare Capital Management LLC now owns 6,148,375 shares of the business services provider’s stock worth $200,068,000 after buying an additional 1,589,920 shares during the last quarter. Finally, FMR LLC grew its position in shares of Booz Allen Hamilton Holding Corporation by 4.9% in the 1st quarter. FMR LLC now owns 5,497,766 shares of the business services provider’s stock worth $194,566,000 after buying an additional 258,866 shares during the last quarter. Hedge funds and other institutional investors own 93.62% of the company’s stock.

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)

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