Booz Allen Hamilton Holding Corporation (NYSE:BAH) Receives $84.08 Average Price Target from Analysts

Shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH) have received an average rating of “Reduce” from the fifteen research firms that are presently covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $84.0769.

A number of brokerages have commented on BAH. Jefferies Financial Group set a $85.00 target price on shares of Booz Allen Hamilton in a research note on Monday, May 11th. Citigroup dropped their price target on shares of Booz Allen Hamilton from $88.00 to $69.00 and set a “neutral” rating for the company in a research note on Wednesday, July 1st. Weiss Ratings downgraded shares of Booz Allen Hamilton from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, July 8th. Stifel Nicolaus set a $110.00 price target on shares of Booz Allen Hamilton and gave the company a “buy” rating in a research report on Tuesday, May 26th. Finally, TD Cowen decreased their price objective on Booz Allen Hamilton from $85.00 to $70.00 and set a “hold” rating on the stock in a report on Tuesday, July 7th.

Hedge Funds Weigh In On Booz Allen Hamilton

A number of hedge funds have recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Booz Allen Hamilton by 22.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,167 shares of the business services provider’s stock valued at $2,737,000 after buying an additional 4,870 shares during the period. NewEdge Advisors LLC boosted its stake in Booz Allen Hamilton by 365.0% during the first quarter. NewEdge Advisors LLC now owns 11,750 shares of the business services provider’s stock worth $1,229,000 after buying an additional 9,223 shares during the period. Sivia Capital Partners LLC increased its position in shares of Booz Allen Hamilton by 53.7% during the second quarter. Sivia Capital Partners LLC now owns 4,460 shares of the business services provider’s stock valued at $464,000 after acquiring an additional 1,559 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Booz Allen Hamilton by 132.7% during the second quarter. EverSource Wealth Advisors LLC now owns 1,429 shares of the business services provider’s stock valued at $149,000 after acquiring an additional 815 shares during the last quarter. Finally, Cresset Asset Management LLC raised its stake in shares of Booz Allen Hamilton by 6.2% in the 2nd quarter. Cresset Asset Management LLC now owns 3,257 shares of the business services provider’s stock valued at $339,000 after acquiring an additional 191 shares during the period. 91.82% of the stock is currently owned by hedge funds and other institutional investors.

Booz Allen Hamilton Stock Down 0.2%

Shares of NYSE:BAH opened at $78.26 on Tuesday. Booz Allen Hamilton has a 52-week low of $59.50 and a 52-week high of $112.22. The stock has a market cap of $9.41 billion, a P/E ratio of 12.31, a PEG ratio of 4.07 and a beta of 0.34. The business has a fifty day moving average of $68.87 and a two-hundred day moving average of $76.05. The company has a quick ratio of 1.59, a current ratio of 1.60 and a debt-to-equity ratio of 3.26.

Booz Allen Hamilton (NYSE:BAH) last posted its quarterly earnings results on Friday, July 24th. The business services provider reported $1.81 EPS for the quarter, topping the consensus estimate of $1.49 by $0.32. The business had revenue of $1.97 billion for the quarter, compared to analyst estimates of $2.81 billion. Booz Allen Hamilton had a return on equity of 76.71% and a net margin of 7.01%.The company’s quarterly revenue was down 4.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.48 EPS. Booz Allen Hamilton has set its FY 2027 guidance at 6.000-6.35 EPS. On average, research analysts expect that Booz Allen Hamilton will post 6.3 earnings per share for the current year.

Booz Allen Hamilton Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be given a $0.59 dividend. The ex-dividend date is Friday, August 14th. This represents a $2.36 dividend on an annualized basis and a yield of 3.0%. Booz Allen Hamilton’s payout ratio is currently 37.11%.

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.