Stifel Nicolaus Issues Positive Forecast for Booz Allen Hamilton (NYSE:BAH) Stock Price

Key Points

• Stifel Nicolaus has raised its price target for Booz Allen Hamilton from $112.00 to $119.00, suggesting a potential upside of 5.19% from the stock's current price.
• Multiple analysts have varying ratings on the stock, with a consensus rating of "Hold" and an average target price of $135.27.
• Booz Allen Hamilton reported earnings of $1.48 per share for the latest quarter, beating estimates, although revenue decreased 0.6% year-over-year to $2.92 billion.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) had its price objective raised by investment analysts at Stifel Nicolaus from $112.00 to $119.00 in a report issued on Monday, Marketbeat.com reports. The brokerage presently has a "hold" rating on the business services provider's stock. Stifel Nicolaus' price objective suggests a potential upside of 8.46% from the company's previous close.

Several other equities analysts have also recently issued reports on BAH. Wells Fargo & Company lowered their price objective on shares of Booz Allen Hamilton from $148.00 to $135.00 and set an "overweight" rating on the stock in a research note on Friday, May 23rd. JPMorgan Chase & Co. dropped their price target on Booz Allen Hamilton from $140.00 to $120.00 and set an "underweight" rating on the stock in a report on Tuesday, April 15th. Truist Financial cut their price objective on Booz Allen Hamilton from $142.00 to $110.00 and set a "hold" rating for the company in a research report on Monday, April 14th. The Goldman Sachs Group cut Booz Allen Hamilton from a "neutral" rating to a "sell" rating and decreased their target price for the stock from $108.00 to $94.00 in a report on Wednesday, May 28th. Finally, UBS Group boosted their target price on Booz Allen Hamilton from $120.00 to $135.00 and gave the stock a "neutral" rating in a research report on Monday, May 19th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $134.00.

Booz Allen Hamilton Price Performance

Shares of BAH opened at $109.72 on Monday. The company has a debt-to-equity ratio of 3.66, a current ratio of 1.78 and a quick ratio of 1.79. Booz Allen Hamilton has a 12 month low of $98.95 and a 12 month high of $190.59. The stock has a fifty day moving average price of $105.85 and a 200 day moving average price of $113.98. The company has a market cap of $13.52 billion, a P/E ratio of 13.48, a PEG ratio of 1.68 and a beta of 0.47.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last issued its quarterly earnings results on Friday, July 25th. The business services provider reported $1.48 EPS for the quarter, beating analysts' consensus estimates of $1.45 by $0.03. The company had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.96 billion. Booz Allen Hamilton had a return on equity of 73.05% and a net margin of 8.70%. The company's quarterly revenue was down .6% compared to the same quarter last year. During the same period last year, the company earned $1.38 earnings per share. On average, research analysts forecast that Booz Allen Hamilton will post 6.44 earnings per share for the current year.

Institutional Trading of Booz Allen Hamilton

Several hedge funds and other institutional investors have recently modified their holdings of the company. MassMutual Private Wealth & Trust FSB grew its holdings in Booz Allen Hamilton by 74.5% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 246 shares of the business services provider's stock valued at $26,000 after purchasing an additional 105 shares during the last quarter. Brooklyn Investment Group raised its holdings in Booz Allen Hamilton by 102.8% in 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. Point72 Asia Singapore Pte. Ltd. acquired a new position in Booz Allen Hamilton during the 4th quarter worth $33,000. Versant Capital Management Inc boosted its holdings in Booz Allen Hamilton by 627.3% during the first quarter. Versant Capital Management Inc now owns 320 shares of the business services provider's stock valued at $33,000 after acquiring an additional 276 shares during the period. Finally, CX Institutional acquired a new stake in shares of Booz Allen Hamilton in the first quarter valued at about $33,000. 91.82% of the stock is currently owned by hedge funds and other institutional investors.

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.