Booz Allen Hamilton (NYSE:BAH) Stock Moved Up to Buy by Wall Street Zen

Key Points

• Wall Street Zen upgraded Booz Allen Hamilton to “buy” from “hold,” while Truist Financial also raised its rating to “buy” and increased its price target to $85.
• Analyst sentiment remains mixed overall: four analysts rate the stock a buy, seven hold, and four sell, resulting in a consensus “hold” rating and an average price target of $85.62.
• BAH shares opened at $74.44, near their 50-day average, after the company beat quarterly EPS estimates ($1.81 versus $1.49) despite a 4.2% year-over-year revenue decline.

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

Other equities analysts have also recently issued reports about the stock. Truist Financial raised shares of Booz Allen Hamilton from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $70.00 to $85.00 in a research report on Thursday, October 8th. Citigroup dropped their price objective on shares of Booz Allen Hamilton from $82.00 to $77.00 and set a "neutral" rating on the stock in a research report on Wednesday, October 7th. Weiss Ratings reissued a "sell (d+)" rating on shares of Booz Allen Hamilton in a research report on Friday, October 2nd. Jefferies Financial Group cut their target price on shares of Booz Allen Hamilton from $80.00 to $75.00 and set a "hold" rating for the company in a research note on Wednesday, October 7th. Finally, Bank of America cut their target price on shares of Booz Allen Hamilton from $90.00 to $75.00 and set an "underperform" rating for the company in a research note on Monday, July 20th. Four equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and four have issued a Sell rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $85.62.

Booz Allen Hamilton Price Performance

Shares of BAH opened at $74.44 on Monday. 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 company's fifty day simple moving average is $74.44 and its 200 day simple moving average is $73.80. Booz Allen Hamilton has a 1-year low of $59.50 and a 1-year high of $109.10. The company has a market cap of $8.95 billion, a price-to-earnings ratio of 11.71, a PEG ratio of 1.78 and a beta of 0.37.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last issued its earnings results on Friday, July 24th. The business services provider reported $1.81 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $1.97 billion during the quarter, compared to the consensus estimate of $2.81 billion. During the same period last year, the business posted $1.48 EPS. Booz Allen Hamilton'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. On average, research analysts forecast that Booz Allen Hamilton will post 6.34 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in BAH. Versant Capital Management Inc lifted its holdings in shares of Booz Allen Hamilton by 1,122.9% during the second quarter. Versant Capital Management Inc now owns 587 shares of the business services provider's stock worth $36,000 after buying an additional 539 shares in the last quarter. Axiom Investment Management LLC bought a new position in Booz Allen Hamilton during the first quarter worth about $44,000. IFP Advisors Inc increased its position in Booz Allen Hamilton by 24.8% during the second quarter. IFP Advisors Inc now owns 1,377 shares of the business services provider's stock worth $84,000 after acquiring an additional 274 shares during the period. Cassaday & Co Wealth Management LLC bought a new position in Booz Allen Hamilton during the first quarter worth about $184,000. Finally, Farther Finance Advisors LLC raised its stake in Booz Allen Hamilton by 13.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,770 shares of the business services provider's stock worth $192,000 after purchasing an additional 325 shares in the last quarter. 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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