Booz Allen Hamilton (NYSE:BAH) Raised to "Buy" at Wall Street Zen

Key Points

• Wall Street Zen upgraded Booz Allen Hamilton to “Buy” from “Hold,” but overall analyst sentiment remains cautious, with an average “Reduce” rating and an $83.69 price target.
• BAH shares opened at $72.94, well below their 12-month high of $109.10. The company recently beat quarterly EPS estimates, reporting $1.81 versus the $1.49 consensus, while revenue declined 4.2% year over year.
• Institutional ownership is high at 91.82%, with major investors including California State Teachers Retirement System, T. Rowe Price, First Trust Advisors, Primecap Management and State Street increasing their positions.

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

Several other equities research analysts also recently issued reports on BAH. TD Cowen decreased their price objective on shares of Booz Allen Hamilton from $85.00 to $70.00 and set a "hold" rating for the company in a research note on Tuesday, July 7th. JPMorgan Chase & Co. cut their target price on shares of Booz Allen Hamilton from $97.00 to $85.00 and set an "underweight" rating on the stock in a research note on Tuesday, May 26th. Weiss Ratings lowered shares of Booz Allen Hamilton from a "hold (c-)" rating to a "sell (d+)" rating in a report on Wednesday, July 8th. UBS Group upped their price target on shares of Booz Allen Hamilton from $70.00 to $78.00 and gave the stock a "neutral" rating in a research report on Monday, July 27th. Finally, Citigroup lowered their price target on Booz Allen Hamilton from $88.00 to $69.00 and set a "neutral" rating for the company in a report on Wednesday, July 1st. Three equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Reduce" and an average price target of $83.69.

Booz Allen Hamilton Price Performance

BAH stock opened at $72.94 on Friday. The company has a market cap of $8.77 billion, a PE ratio of 11.47, a price-to-earnings-growth ratio of 3.81 and a beta of 0.36. The company has a current ratio of 1.60, a quick ratio of 1.59 and a debt-to-equity ratio of 3.26. The stock has a 50-day moving average price of $70.29 and a two-hundred day moving average price of $74.87. Booz Allen Hamilton has a 12-month low of $59.50 and a 12-month high of $109.10.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last released its quarterly earnings data on Friday, July 24th. The business services provider reported $1.81 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.32. Booz Allen Hamilton had a return on equity of 76.71% and a net margin of 7.01%.The business had revenue of $1.97 billion for the quarter, compared to analyst estimates of $2.81 billion. During the same period in the previous year, the company posted $1.48 EPS. The company's revenue was down 4.2% compared to the same quarter last year. Booz Allen Hamilton has set its FY 2027 guidance at 6.000-6.35 EPS. As a group, research analysts predict that Booz Allen Hamilton will post 6.33 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in BAH. California State Teachers Retirement System increased its stake in Booz Allen Hamilton by 5,743.0% during the 2nd quarter. California State Teachers Retirement System now owns 8,467,773 shares of the business services provider's stock worth $513,740,000 after buying an additional 8,322,852 shares during the period. T. Rowe Price Investment Management Inc. boosted its position in Booz Allen Hamilton by 38.4% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 6,528,226 shares of the business services provider's stock valued at $550,722,000 after buying an additional 1,811,906 shares during the last quarter. First Trust Advisors LP boosted its position in Booz Allen Hamilton by 36.0% in the 4th quarter. First Trust Advisors LP now owns 4,856,528 shares of the business services provider's stock valued at $409,697,000 after buying an additional 1,285,475 shares during the last quarter. Primecap Management Co. CA grew its stake in shares of Booz Allen Hamilton by 135.2% during the fourth quarter. Primecap Management Co. CA now owns 4,666,298 shares of the business services provider's stock valued at $393,649,000 after acquiring an additional 2,682,460 shares in the last quarter. Finally, State Street Corp grew its stake in shares of Booz Allen Hamilton by 53.2% during the fourth quarter. State Street Corp now owns 4,402,897 shares of the business services provider's stock valued at $371,428,000 after acquiring an additional 1,528,739 shares in the last quarter. 91.82% of the stock is currently owned by hedge funds and other 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.

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