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

Key Points

• Wall Street Zen upgraded Booz Allen Hamilton to “Buy” from “Hold,” although broader analyst sentiment remains cautious, with an average rating of “Reduce” and an average price target of $83.69.
• BAH shares opened at $67.29, down 4.5%, and remain well below their 12-month high of $109.10; the stock has a market capitalization of approximately $8.09 billion.
• The company exceeded quarterly EPS expectations, reporting $1.81 versus the $1.49 consensus estimate, but revenue fell 4.2% year over year to $1.97 billion and missed estimates.

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

A number of other brokerages have also commented on BAH. Citigroup decreased their price target on shares of Booz Allen Hamilton from $88.00 to $69.00 and set a "neutral" rating on the stock in a report on Wednesday, July 1st. UBS Group upped their target price 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. Weiss Ratings cut Booz Allen Hamilton from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Wednesday, July 8th. TD Cowen lowered their price target on Booz Allen Hamilton from $85.00 to $70.00 and set a "hold" rating on the stock in a research report on Tuesday, July 7th. Finally, Cantor Fitzgerald dropped their price target on Booz Allen Hamilton from $160.00 to $140.00 and set an "overweight" rating for the company in a research note on Thursday, July 23rd. Three investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Reduce" and an average price target of $83.69.

Booz Allen Hamilton Stock Down 4.5%

Shares of NYSE:BAH opened at $67.29 on Friday. The company has a quick ratio of 1.59, a current ratio of 1.60 and a debt-to-equity ratio of 3.26. The business's 50 day moving average is $74.44 and its 200 day moving average is $74.33. Booz Allen Hamilton has a 12-month low of $59.50 and a 12-month high of $109.10. The stock has a market cap of $8.09 billion, a price-to-earnings ratio of 10.58, a PEG ratio of 1.69 and a beta of 0.37.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last posted its quarterly earnings data on Friday, July 24th. The business services provider reported $1.81 EPS for the quarter, beating the consensus estimate of $1.49 by $0.32. The firm had revenue of $1.97 billion during the quarter, compared to analyst estimates 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 revenue for the quarter was down 4.2% on a year-over-year basis. During the same quarter last year, the business posted $1.48 EPS. Booz Allen Hamilton has set its FY 2027 guidance at 6.000-6.35 EPS. On average, sell-side analysts forecast that Booz Allen Hamilton will post 6.34 earnings per share for the current fiscal year.

Institutional Trading of Booz Allen Hamilton

Several hedge funds have recently added to or reduced their stakes in the business. T. Rowe Price Investment Management Inc. increased its holdings in Booz Allen Hamilton by 38.4% during 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 purchasing an additional 1,811,906 shares during the period. Diamond Hill Capital Management LLC Investment Advisor purchased a new position in shares of Booz Allen Hamilton during the second quarter valued at approximately $51,325,000. Bank of New York Mellon Corp raised its holdings in shares of Booz Allen Hamilton by 135.2% during the fourth quarter. Bank of New York Mellon Corp now owns 1,227,893 shares of the business services provider's stock valued at $103,585,000 after acquiring an additional 705,930 shares in the last quarter. Black Creek Investment Management Inc. raised its holdings in shares of 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 valued at $211,337,000 after acquiring an additional 416,702 shares in the last quarter. Finally, Contour Asset Management LLC purchased a new stake in Booz Allen Hamilton in the fourth quarter worth $33,626,000. 91.82% of the stock is owned by institutional investors.

Booz Allen Hamilton Company Profile

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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