Booz Allen Hamilton (NYSE:BAH) Given New $69.00 Price Target at Citigroup

Booz Allen Hamilton (NYSE:BAH) had its price objective decreased by investment analysts at Citigroup from $88.00 to $69.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “neutral” rating on the business services provider’s stock. Citigroup’s target price would suggest a potential upside of 12.99% from the stock’s current price.

Other equities research analysts have also recently issued reports about the company. Truist Financial lowered their target price on Booz Allen Hamilton from $98.00 to $85.00 and set a “hold” rating for the company in a research note on Monday, April 20th. Jefferies Financial Group set a $85.00 price target on Booz Allen Hamilton in a research note on Monday, May 11th. Wells Fargo & Company started coverage on Booz Allen Hamilton in a report on Wednesday, April 1st. They issued an “equal weight” rating and a $85.00 price target on the stock. TD Cowen reiterated a “hold” rating on shares of Booz Allen Hamilton in a research report on Tuesday, May 26th. Finally, JPMorgan Chase & Co. dropped their price objective on Booz Allen Hamilton from $97.00 to $85.00 and set an “underweight” rating for the company in a report on Tuesday, May 26th. Two equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, Booz Allen Hamilton currently has an average rating of “Reduce” and a consensus target price of $86.50.

Booz Allen Hamilton Price Performance

Shares of BAH traded up $0.40 during mid-day trading on Wednesday, hitting $61.07. 306,219 shares of the company traded hands, compared to its average volume of 2,163,424. Booz Allen Hamilton has a one year low of $59.50 and a one year high of $120.04. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 3.55. The business has a 50-day moving average of $74.83 and a 200 day moving average of $81.07. The stock has a market capitalization of $7.31 billion, a price-to-earnings ratio of 8.86, a PEG ratio of 3.54 and a beta of 0.32.

Booz Allen Hamilton (NYSE:BAH) last issued its quarterly earnings results on Friday, May 22nd. The business services provider reported $1.78 earnings per share for the quarter, beating analysts’ consensus estimates of $1.32 by $0.46. Booz Allen Hamilton had a net margin of 7.59% and a return on equity of 76.07%. The business had revenue of $1.91 billion during the quarter, compared to analyst estimates of $2.87 billion. During the same quarter last year, the business posted $1.61 earnings per share. Booz Allen Hamilton’s revenue for the quarter was down 5.9% compared to the same quarter last year. Booz Allen Hamilton has set its FY 2027 guidance at 6.000-6.350 EPS. As a group, equities analysts expect that Booz Allen Hamilton will post 6.23 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Ipsen Advisor Group LLC increased its holdings in Booz Allen Hamilton by 13.7% in the first quarter. Ipsen Advisor Group LLC now owns 5,095 shares of the business services provider’s stock valued at $398,000 after purchasing an additional 615 shares during the last quarter. Axiom Investment Management LLC bought a new position in Booz Allen Hamilton during the first quarter worth about $44,000. Bank of America Corp DE boosted its holdings in Booz Allen Hamilton by 2.6% during the first quarter. Bank of America Corp DE now owns 1,117,280 shares of the business services provider’s stock worth $87,181,000 after buying an additional 28,462 shares during the last quarter. Edgestream Partners L.P. grew its position in shares of Booz Allen Hamilton by 5.9% during the 1st quarter. Edgestream Partners L.P. now owns 28,329 shares of the business services provider’s stock worth $2,211,000 after buying an additional 1,571 shares during the period. Finally, Janus Henderson Group PLC grew its position in shares of Booz Allen Hamilton by 56.1% during the 1st quarter. Janus Henderson Group PLC now owns 59,733 shares of the business services provider’s stock worth $4,661,000 after buying an additional 21,457 shares during the period. 91.82% of the stock is currently owned by institutional investors.

About Booz Allen Hamilton

Booz Allen Hamilton Holding Corporation is a publicly traded management and technology consulting firm headquartered in McLean, Virginia. The company provides a wide range of professional services and solutions in strategy, analytics, digital transformation, engineering and cyber security. Its expertise spans from supporting federal civilian agencies to defense, intelligence and homeland security organizations, as well as select commercial industries.

Key offerings include data analytics and artificial intelligence applications, software development and modernization, systems integration, and cyber risk management.