Booz Allen Hamilton (NYSE:BAH) Rating Lowered to "Hold" at Wall Street Zen

Key Points

• Wall Street Zen downgraded Booz Allen Hamilton from “Buy” to “Hold.” The broader analyst consensus is “Reduce,” with a $83.69 average price target.
• Analysts have recently lowered their outlook, including TD Cowen cutting its target to $70 and JPMorgan reducing its target to $85 with an “Underweight” rating.
• Booz Allen beat quarterly earnings expectations with EPS of $1.81 versus $1.49 expected, but revenue fell 4.2% year over year to $1.97 billion.

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

Other equities analysts have also recently issued research reports about the company. BNP Paribas Exane assumed coverage on Booz Allen Hamilton in a report on Wednesday, May 27th. They issued a "neutral" rating and a $80.00 target price for the company. TD Cowen cut their price target on Booz Allen Hamilton from $85.00 to $70.00 and set a "hold" rating on the stock 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 report on Tuesday, May 26th. Stifel Nicolaus set a $110.00 target price on shares of Booz Allen Hamilton and gave the stock a "buy" rating in a report on Tuesday, May 26th. Finally, Jefferies Financial Group restated a "hold" rating and issued a $80.00 price target on shares of Booz Allen Hamilton in a research report on Tuesday, September 1st. Three research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and four have given a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Reduce" and a consensus price target of $83.69.

Booz Allen Hamilton Price Performance

BAH stock opened at $77.12 on Friday. The stock has a market cap of $9.28 billion, a price-to-earnings ratio of 12.13, a P/E/G ratio of 4.07 and a beta of 0.36. The company has a debt-to-equity ratio of 3.26, a current ratio of 1.60 and a quick ratio of 1.59. The company has a 50 day simple moving average of $73.11 and a 200 day simple moving average of $74.78. Booz Allen Hamilton has a 1 year low of $59.50 and a 1 year high of $109.10.

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

Institutional Trading of Booz Allen Hamilton

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BAH. T. Rowe Price Investment Management Inc. lifted its position in shares of 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 worth $550,722,000 after purchasing an additional 1,811,906 shares during the period. Geode Capital Management LLC increased its position in shares of Booz Allen Hamilton by 5.1% during the fourth quarter. Geode Capital Management LLC now owns 2,534,914 shares of the business services provider's stock worth $213,308,000 after buying an additional 123,076 shares during the period. Black Creek Investment Management Inc. raised its stake in Booz Allen Hamilton by 20.0% during the fourth quarter. Black Creek Investment Management Inc. now owns 2,505,178 shares of the business services provider's stock worth $211,337,000 after buying an additional 416,702 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in Booz Allen Hamilton by 1.8% during the first quarter. Allspring Global Investments Holdings LLC now owns 2,590,848 shares of the business services provider's stock worth $208,226,000 after buying an additional 45,276 shares during the last quarter. Finally, Norges Bank acquired a new position in Booz Allen Hamilton in the fourth quarter valued at $143,749,000. Institutional investors and hedge funds own 91.82% of the company's stock.

About Booz Allen Hamilton

Booz Allen Hamilton Holding Corporation, operating as Booz Allen Hamilton, is a management and technology consulting company that primarily serves the U.S. government. Its clients include defense, intelligence, civil government, and national security organizations, as well as select commercial and international customers.

The company provides consulting and technology services focused on artificial intelligence, data and analytics, cybersecurity, digital transformation, engineering, cloud computing, and mission operations.

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