Booz Allen Hamilton Holding Corporation (NYSE:BAH) Given Average Rating of "Reduce" by Brokerages

Key Points

• Analysts give Booz Allen a consensus "Reduce" rating from 15 brokerages — comprising 4 sell, 10 hold and 1 buy — with an average 12‑month price target of $94.17.
• The stock opened at $78.34 (market cap ~$9.45B) with a P/E of 11.6 and a 52‑week range of $73.93–$130.91, while institutional ownership is about 91.8% after large stake increases by Primecap, T. Rowe Price, State Street and others.

Booz Allen Hamilton Holding Corporation (NYSE:BAH - Get Free Report) has been given a consensus recommendation of "Reduce" by the fifteen brokerages that are currently covering the stock, MarketBeat reports. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $94.1667.

A number of brokerages recently weighed in on BAH. UBS Group reiterated a "neutral" rating and issued a $97.00 price target on shares of Booz Allen Hamilton in a research report on Tuesday, January 27th. Citigroup cut their price target on shares of Booz Allen Hamilton from $109.00 to $87.00 and set a "neutral" rating on the stock in a research report on Thursday, April 2nd. Wells Fargo & Company began coverage on shares of Booz Allen Hamilton in a research report on Wednesday, April 1st. They issued an "equal weight" rating and a $85.00 price target on the stock. Stifel Nicolaus increased their price target on shares of Booz Allen Hamilton from $106.00 to $115.00 and gave the company a "hold" rating in a research report on Monday, January 26th. Finally, Weiss Ratings downgraded shares of Booz Allen Hamilton from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Friday, April 24th.

Booz Allen Hamilton Stock Performance

Shares of NYSE:BAH opened at $78.34 on Friday. The company has a market capitalization of $9.45 billion, a price-to-earnings ratio of 11.64, a P/E/G ratio of 4.52 and a beta of 0.32. The firm's 50 day simple moving average is $79.25 and its 200 day simple moving average is $84.99. The company has a debt-to-equity ratio of 3.76, a current ratio of 1.81 and a quick ratio of 1.81. Booz Allen Hamilton has a fifty-two week low of $73.93 and a fifty-two week high of $130.91.

Institutional Trading of Booz Allen Hamilton

A number of large investors have recently bought and sold shares of BAH. Primecap Management Co. CA increased its stake in Booz Allen Hamilton by 135.2% during the 4th quarter. Primecap Management Co. CA now owns 4,666,298 shares of the business services provider's stock worth $393,649,000 after purchasing an additional 2,682,460 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its stake 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 worth $550,722,000 after purchasing an additional 1,811,906 shares in the last quarter. Norges Bank bought a new stake in Booz Allen Hamilton during the 4th quarter worth approximately $143,749,000. State Street Corp increased its stake in Booz Allen Hamilton by 53.2% during the 4th quarter. State Street Corp now owns 4,402,897 shares of the business services provider's stock worth $371,428,000 after purchasing an additional 1,528,739 shares in the last quarter. Finally, First Trust Advisors LP grew its stake in shares of Booz Allen Hamilton by 36.0% during the 4th quarter. First Trust Advisors LP now owns 4,856,528 shares of the business services provider's stock worth $409,697,000 after acquiring an additional 1,285,475 shares in the last quarter. 91.82% of the stock is owned by institutional investors.

Booz Allen Hamilton Company Profile

Booz Allen Hamilton Holding Corporation is a publicly traded management and technology consulting firm headquartered in McLean, Virginia. The company provides a wide range of professional services and solutions in strategy, analytics, digital transformation, engineering and cyber security. Its expertise spans from supporting federal civilian agencies to defense, intelligence and homeland security organizations, as well as select commercial industries.

Key offerings include data analytics and artificial intelligence applications, software development and modernization, systems integration, and cyber risk management.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.