Raymond James Reaffirms "Market Perform" Rating for Booz Allen Hamilton (NYSE:BAH)

Booz Allen Hamilton (NYSE:BAH - Get Free Report)'s stock had its "market perform" rating restated by Raymond James in a research note issued to investors on Friday.

A number of other equities research analysts also recently weighed in on BAH. The Goldman Sachs Group restated a "neutral" rating and issued a $109.00 target price (down from $150.00) on shares of Booz Allen Hamilton in a research report on Friday, April 11th. Cantor Fitzgerald upgraded Booz Allen Hamilton to a "strong-buy" rating in a research report on Tuesday, February 25th. Wells Fargo & Company reiterated an "overweight" rating on shares of Booz Allen Hamilton in a research report on Friday. UBS Group increased their price objective on Booz Allen Hamilton from $120.00 to $135.00 and gave the company a "neutral" rating in a research report on Monday. Finally, William Blair downgraded shares of Booz Allen Hamilton from an "outperform" rating to a "market perform" rating in a research note on Friday, February 21st. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $141.70.

Booz Allen Hamilton Stock Down 13.1%

NYSE:BAH traded down $16.90 during mid-day trading on Friday, reaching $112.23. The stock had a trading volume of 1,765,576 shares, compared to its average volume of 1,576,654. The company has a market capitalization of $14.21 billion, a price-to-earnings ratio of 16.63, a price-to-earnings-growth ratio of 1.25 and a beta of 0.56. Booz Allen Hamilton has a 1-year low of $101.05 and a 1-year high of $190.59. The stock's 50 day simple moving average is $115.31 and its two-hundred day simple moving average is $127.26. The company has a debt-to-equity ratio of 2.72, a current ratio of 1.57 and a quick ratio of 1.57.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last posted its quarterly earnings results on Friday, May 23rd. The business services provider reported $1.61 EPS for the quarter, topping analysts' consensus estimates of $1.59 by $0.02. Booz Allen Hamilton had a return on equity of 68.97% and a net margin of 7.39%. The firm's revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.33 earnings per share. Equities analysts anticipate that Booz Allen Hamilton will post 6.44 EPS for the current year.

Hedge Funds Weigh In On Booz Allen Hamilton

A number of hedge funds have recently modified their holdings of BAH. Norges Bank acquired a new position in Booz Allen Hamilton during the fourth quarter worth $196,578,000. Raymond James Financial Inc. acquired a new position in Booz Allen Hamilton during the fourth quarter worth $173,055,000. Wellington Management Group LLP increased its position in Booz Allen Hamilton by 603.1% during the first quarter. Wellington Management Group LLP now owns 1,446,414 shares of the business services provider's stock worth $151,266,000 after buying an additional 1,240,689 shares during the last quarter. AQR Capital Management LLC increased its position in Booz Allen Hamilton by 288.4% during the first quarter. AQR Capital Management LLC now owns 1,622,132 shares of the business services provider's stock worth $168,491,000 after buying an additional 1,204,446 shares during the last quarter. Finally, Janus Henderson Group PLC increased its position in Booz Allen Hamilton by 179.7% during the fourth quarter. Janus Henderson Group PLC now owns 1,767,129 shares of the business services provider's stock worth $227,425,000 after buying an additional 1,135,426 shares during the last quarter. 91.82% of the stock is owned by institutional investors and hedge funds.

Booz Allen Hamilton Company Profile

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.

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