Booz Allen Hamilton (NYSE:BAH) Downgraded by Wall Street Zen to Hold

Booz Allen Hamilton (NYSE:BAH - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued to clients and investors on Saturday.

Several other brokerages have also recently issued reports on BAH. UBS Group raised 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. Cantor Fitzgerald raised Booz Allen Hamilton to a "strong-buy" rating in a research report on Tuesday, February 25th. Raymond James reissued a "market perform" rating on shares of Booz Allen Hamilton in a research report on Friday. Truist Financial dropped their target price on Booz Allen Hamilton from $142.00 to $110.00 and set a "hold" rating on the stock in a research report on Monday, April 14th. Finally, The Goldman Sachs Group reissued 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. One analyst has rated the stock with a sell rating, eight have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $140.40.

Booz Allen Hamilton Stock Up 1.9%

Shares of NYSE BAH traded up $2.06 during trading on Friday, reaching $109.85. The company had a trading volume of 3,123,453 shares, compared to its average volume of 1,612,203. Booz Allen Hamilton has a 12-month low of $101.05 and a 12-month high of $190.59. The stock has a market cap of $13.91 billion, a PE ratio of 16.37, a P/E/G ratio of 1.25 and a beta of 0.56. The business's 50-day moving average is $115.06 and its 200 day moving average is $125.48. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 2.72.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last released its 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 had revenue of $2.97 billion for the quarter, compared to analysts' expectations of $3.03 billion. During the same period in the prior year, the firm posted $1.33 earnings per share. The company's quarterly revenue was up 7.3% on a year-over-year basis. As a group, equities analysts forecast that Booz Allen Hamilton will post 6.44 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. GW&K Investment Management LLC raised its stake in Booz Allen Hamilton by 0.7% during the 4th quarter. GW&K Investment Management LLC now owns 461,517 shares of the business services provider's stock valued at $59,397,000 after purchasing an additional 3,435 shares during the period. Versor Investments LP bought a new stake in Booz Allen Hamilton during the 4th quarter valued at approximately $933,000. FIL Ltd raised its stake in Booz Allen Hamilton by 63.3% during the 4th quarter. FIL Ltd now owns 153,343 shares of the business services provider's stock valued at $19,735,000 after purchasing an additional 59,440 shares during the period. Bridges Investment Management Inc. raised its stake in Booz Allen Hamilton by 19.2% during the 4th quarter. Bridges Investment Management Inc. now owns 117,661 shares of the business services provider's stock valued at $15,143,000 after purchasing an additional 18,930 shares during the period. Finally, Cumberland Partners Ltd increased its stake in Booz Allen Hamilton by 92.2% in the 4th quarter. Cumberland Partners Ltd now owns 99,330 shares of the business services provider's stock worth $12,784,000 after acquiring an additional 47,655 shares during the last quarter. Institutional investors own 91.82% of the company's stock.

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.