Booz Allen Hamilton (NYSE:BAH) Cut to Hold at Wall Street Zen

Key Points

• Wall Street Zen downgraded Booz Allen Hamilton to “Hold” from “Buy.” The broader analyst consensus is also “Hold,” with 7 Holds, 4 Buys, 4 Sells, and an average price target of $85.62.
• Booz Allen Hamilton shares opened at $74.00, near their 50-day and 200-day moving averages, after trading between $59.50 and $109.10 over the past year.
• The company beat quarterly EPS expectations, reporting $1.81 versus $1.49 expected, but revenue declined 4.2% year over year to $1.97 billion; institutional investors own 91.82% of the stock.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a note issued to investors on Sunday, Wall Street Zen reports.

A number of other research analysts also recently issued reports on the company. UBS Group upped their price objective on Booz Allen Hamilton from $70.00 to $78.00 and gave the company a "neutral" rating in a research note on Monday, July 27th. Citigroup cut their price target on shares of Booz Allen Hamilton from $82.00 to $77.00 and set a "neutral" rating on the stock in a report on Wednesday. Truist Financial upgraded shares of Booz Allen Hamilton from a "hold" rating to a "buy" rating and increased their price target for the company from $70.00 to $85.00 in a research report on Thursday. Bank of America decreased their price objective on shares of Booz Allen Hamilton from $90.00 to $75.00 and set an "underperform" rating for the company in a report on Monday, July 20th. Finally, The Goldman Sachs Group lowered their price objective on shares of Booz Allen Hamilton from $74.00 to $65.00 and set a "sell" rating on the stock in a research report on Tuesday, July 14th. Four research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $85.62.

Booz Allen Hamilton Trading Up 1.5%

NYSE:BAH opened at $74.00 on Friday. The company has a debt-to-equity ratio of 3.26, a quick ratio of 1.59 and a current ratio of 1.60. The firm has a market cap of $8.90 billion, a price-to-earnings ratio of 11.63, a price-to-earnings-growth ratio of 1.77 and a beta of 0.37. Booz Allen Hamilton has a 52 week low of $59.50 and a 52 week high of $109.10. The firm has a 50-day moving average price of $74.44 and a two-hundred day moving average price of $74.05.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last posted its 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 firm had revenue of $1.97 billion for the quarter, compared to analysts' expectations of $2.81 billion. Booz Allen Hamilton had a net margin of 7.01% and a return on equity of 76.71%. The company's quarterly revenue was down 4.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.48 EPS. Booz Allen Hamilton has set its FY 2027 guidance at 6.000-6.35 EPS. On average, equities analysts expect that Booz Allen Hamilton will post 6.34 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Booz Allen Hamilton

Several large investors have recently added to or reduced their stakes in BAH. Public Employees Retirement System of Ohio purchased a new position in shares of Booz Allen Hamilton during the 2nd quarter valued at $2,069,000. Weiss Asset Management LP bought a new stake in Booz Allen Hamilton during the first quarter valued at $12,945,000. Bank of America Corp DE boosted its stake 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 valued at $87,181,000 after buying an additional 28,462 shares during the period. Engineers Gate Manager LP grew its position in Booz Allen Hamilton by 3,206.2% during the second quarter. Engineers Gate Manager LP now owns 101,268 shares of the business services provider's stock worth $6,144,000 after buying an additional 98,205 shares in the last quarter. Finally, Nilsine Partners LLC bought a new position in Booz Allen Hamilton in the 2nd quarter worth about $1,111,000. Hedge funds and other institutional investors own 91.82% of the company's stock.

About Booz Allen Hamilton

Booz Allen Hamilton Holding Corporation is a management and technology consulting company that primarily serves the U.S. government, including defense, intelligence, civil, and health agencies. The company helps clients address complex national security, public-sector, and business challenges through consulting, engineering, technology integration, and mission-support services.

Its capabilities include artificial intelligence and data analytics, cybersecurity, digital transformation, cloud computing, systems engineering, software development, program management, and organizational strategy.

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