Booz Allen Hamilton Holding Corporation (NYSE:BAH) Receives $134.64 Average Price Target from Analysts

Shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH - Get Free Report) have earned an average rating of "Hold" from the twelve ratings firms that are presently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $134.64.

A number of brokerages have recently weighed in on BAH. Raymond James Financial reaffirmed a "market perform" rating on shares of Booz Allen Hamilton in a research note on Friday, May 23rd. Stifel Nicolaus assumed coverage on shares of Booz Allen Hamilton in a research note on Tuesday, June 24th. They issued a "hold" rating and a $112.00 price target for the company. Wells Fargo & Company dropped their target price on shares of Booz Allen Hamilton from $148.00 to $135.00 and set an "overweight" rating on the stock in a report on Friday, May 23rd. Wall Street Zen downgraded shares of Booz Allen Hamilton from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. Finally, Barclays dropped their target price on shares of Booz Allen Hamilton from $140.00 to $120.00 and set an "equal weight" rating on the stock in a report on Wednesday, May 28th.

Booz Allen Hamilton Stock Performance

Booz Allen Hamilton stock traded down $0.18 during midday trading on Monday, reaching $107.39. 58,073 shares of the stock traded hands, compared to its average volume of 1,770,228. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 3.90. The firm has a fifty day moving average price of $111.11 and a two-hundred day moving average price of $116.56. The firm has a market cap of $13.34 billion, a price-to-earnings ratio of 14.76, a PEG ratio of 1.72 and a beta of 0.48. Booz Allen Hamilton has a fifty-two week low of $98.95 and a fifty-two week high of $190.59.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last posted its earnings results on Friday, May 23rd. The business services provider reported $1.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.59 by $0.02. The firm had revenue of $2.97 billion during the quarter, compared to analyst estimates of $3.03 billion. Booz Allen Hamilton had a net margin of 7.81% and a return on equity of 72.35%. Booz Allen Hamilton's revenue was up 7.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.33 EPS. On average, equities research analysts forecast that Booz Allen Hamilton will post 6.44 earnings per share for the current year.

Booz Allen Hamilton Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Wednesday, June 11th were paid a $0.55 dividend. The ex-dividend date was Wednesday, June 11th. This represents a $2.20 annualized dividend and a yield of 2.05%. Booz Allen Hamilton's dividend payout ratio is presently 30.34%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in BAH. OFI Invest Asset Management acquired a new position in shares of Booz Allen Hamilton during the 4th quarter worth $25,000. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Booz Allen Hamilton by 74.5% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 246 shares of the business services provider's stock worth $26,000 after acquiring an additional 105 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in shares of Booz Allen Hamilton by 144.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 227 shares of the business services provider's stock worth $29,000 after acquiring an additional 134 shares during the period. Brooklyn Investment Group lifted its holdings in shares of Booz Allen Hamilton by 102.8% during the 1st quarter. Brooklyn Investment Group now owns 294 shares of the business services provider's stock worth $31,000 after acquiring an additional 149 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Booz Allen Hamilton during the 4th quarter worth about $33,000. Institutional investors and hedge funds own 91.82% of the company's stock.

About Booz Allen Hamilton

Booz Allen Hamilton Holding Corporation provides management and technology consulting, analytics, engineering, digital solutions, mission operations, and cyber services to governments, corporations, and not-for-profit organizations in the United States and internationally. It focuses on artificial intelligence services comprising of machine learning, predictive modeling, automation and decision analytics, and quantum computing.