Booz Allen Hamilton (NYSE:BAH) Stock Price Target Raised at Citigroup

Key Points

• Citigroup raised its price target on Booz Allen Hamilton from $88 to $94 but maintained a neutral rating, implying 6.69% upside from the prior close.
• Analyst sentiment is mixed: five analysts rate the stock Buy, seven Hold, and three Sell, with a consensus Hold rating and an $89.71 average target.
• Booz Allen beat quarterly EPS estimates ($1.76 vs. $1.48), though revenue fell 3.9% year over year and came in below forecasts.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) had its price objective hoisted by research analysts at Citigroup from $88.00 to $94.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm presently has a "neutral" rating on the business services provider's stock. Citigroup's price objective points to a potential upside of 6.69% from the stock's previous close.

BAH has been the topic of several other reports. TD Cowen upgraded shares of Booz Allen Hamilton from a "hold" rating to a "buy" rating and boosted their price target for the stock from $77.00 to $95.00 in a research report on Monday, October 26th. Wall Street Zen upgraded shares of Booz Allen Hamilton from a "hold" rating to a "buy" rating in a research report on Monday, October 19th. Weiss Ratings upgraded shares of Booz Allen Hamilton from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Wednesday, October 21st. UBS Group reaffirmed a "neutral" rating and issued a $86.00 price objective on shares of Booz Allen Hamilton in a research note on Monday, October 26th. Finally, National Bank Financial set a $95.00 target price on shares of Booz Allen Hamilton in a research note on Monday, October 26th. Five investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $89.71.

Booz Allen Hamilton Price Performance

NYSE:BAH traded up $1.41 during midday trading on Tuesday, hitting $88.11. 1,443,921 shares of the stock were exchanged, compared to its average volume of 2,086,547. The company has a market capitalization of $10.45 billion, a price-to-earnings ratio of 13.69, a P/E/G ratio of 2.01 and a beta of 0.28. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 3.53. Booz Allen Hamilton has a one year low of $59.50 and a one year high of $109.10. The business has a 50-day moving average price of $76.60 and a two-hundred day moving average price of $76.46.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last issued its quarterly earnings results on Friday, October 23rd. The business services provider reported $1.76 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.48 by $0.28. Booz Allen Hamilton had a return on equity of 75.00% and a net margin of 7.14%. The firm had revenue of $2.78 billion during the quarter, compared to analyst estimates of $2.81 billion. During the same period last year, the company posted $1.49 EPS. The firm's quarterly revenue was down 3.9% on a year-over-year basis. Booz Allen Hamilton has set its FY 2027 guidance at 6.500-6.700 EPS. Sell-side analysts predict that Booz Allen Hamilton will post 6.61 EPS for the current year.

Insider Activity at Booz Allen Hamilton

In other Booz Allen Hamilton news, EVP Joshua Petty sold 1,500 shares of Booz Allen Hamilton stock in a transaction that occurred on Wednesday, October 28th. The shares were sold at an average price of $82.92, for a total transaction of $124,380.00. Following the transaction, the executive vice president directly owned 8,538 shares in the company, valued at approximately $707,970.96. The trade was a 14.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Buffum Fitzgerald sold 2,105 shares of Booz Allen Hamilton stock in a transaction that occurred on Wednesday, October 28th. The stock was sold at an average price of $82.90, for a total transaction of $174,504.50. Following the transaction, the executive vice president owned 5,087 shares in the company, valued at approximately $421,712.30. The trade was a 29.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.08% of the stock is currently owned by corporate insiders.

Institutional Trading of Booz Allen Hamilton

Hedge funds and other institutional investors have recently modified their holdings of the business. Allspring Global Investments Holdings LLC raised its position 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 valued at $208,226,000 after buying an additional 45,276 shares during the period. Dimensional Fund Advisors LP boosted its position in Booz Allen Hamilton by 12.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,352,790 shares of the business services provider's stock worth $105,567,000 after acquiring an additional 151,166 shares during the period. Bank of America Corp DE grew its stake in Booz Allen Hamilton by 2.6% during the 1st 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 acquiring an additional 28,462 shares in the last quarter. Diamond Hill Capital Management LLC Investment Advisor purchased a new position in Booz Allen Hamilton during the 2nd quarter valued at about $51,325,000. Finally, Copeland Capital Management LLC increased its holdings in shares of Booz Allen Hamilton by 292.5% in the 3rd quarter. Copeland Capital Management LLC now owns 807,353 shares of the business services provider's stock valued at $56,047,000 after purchasing an additional 601,677 shares during the period. Institutional investors and hedge funds own 91.82% of the company's stock.

About Booz Allen Hamilton

Booz Allen Hamilton is a management and technology consulting firm that helps government and commercial clients address complex operational and technical challenges. Its services include strategy and organizational consulting, digital transformation, systems engineering, data analytics, artificial intelligence, and cybersecurity. The company has a substantial focus on U.S. federal government work, supporting defense, intelligence, and civilian agencies on national security and public-sector missions.

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