Booz Allen Hamilton (BAH) Price Target Increased to $52.00 by Analysts at Citigroup

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Booz Allen Hamilton (NYSE:BAH) had its price target hoisted by Citigroup from $46.00 to $52.00 in a research note issued to investors on Tuesday. The brokerage currently has a neutral rating on the business services provider’s stock.

BAH has been the topic of several other reports. Zacks Investment Research lowered Booz Allen Hamilton from a buy rating to a hold rating in a report on Tuesday, August 14th. Cowen reissued a buy rating and set a $54.00 target price on shares of Booz Allen Hamilton in a report on Monday. Drexel Hamilton reissued a hold rating on shares of Booz Allen Hamilton in a report on Monday. Vertical Research lowered Booz Allen Hamilton from a buy rating to a hold rating in a report on Monday, July 9th. Finally, Raymond James increased their target price on Booz Allen Hamilton from $53.00 to $55.00 and gave the stock an outperform rating in a report on Monday. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company currently has a consensus rating of Buy and an average price target of $52.89.

Shares of BAH traded up $0.23 during trading hours on Tuesday, hitting $48.29. 53,576 shares of the company were exchanged, compared to its average volume of 968,137. The firm has a market cap of $6.67 billion, a P/E ratio of 24.02, a price-to-earnings-growth ratio of 1.75 and a beta of 1.17. Booz Allen Hamilton has a fifty-two week low of $35.21 and a fifty-two week high of $52.56. The company has a debt-to-equity ratio of 2.87, a quick ratio of 1.48 and a current ratio of 1.48.

Booz Allen Hamilton (NYSE:BAH) last released its earnings results on Monday, October 29th. The business services provider reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.08. The company had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.64 billion. Booz Allen Hamilton had a return on equity of 60.56% and a net margin of 5.50%. Booz Allen Hamilton’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.50 EPS. On average, research analysts predict that Booz Allen Hamilton will post 2.6 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 30th. Investors of record on Wednesday, November 14th will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 1.57%. The ex-dividend date is Tuesday, November 13th. Booz Allen Hamilton’s dividend payout ratio (DPR) is presently 37.81%.

In related news, Director Ralph W. Shrader sold 30,000 shares of the firm’s stock in a transaction dated Thursday, August 2nd. The stock was sold at an average price of $47.19, for a total value of $1,415,700.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Gretchen W. Mcclain sold 7,000 shares of the firm’s stock in a transaction dated Thursday, August 23rd. The shares were sold at an average price of $50.14, for a total value of $350,980.00. The disclosure for this sale can be found here. Insiders sold 103,985 shares of company stock worth $5,140,940 over the last ninety days. 3.56% of the stock is currently owned by insiders.

Large investors have recently added to or reduced their stakes in the stock. HPM Partners LLC acquired a new stake in Booz Allen Hamilton in the second quarter valued at about $390,000. Denali Advisors LLC boosted its stake in Booz Allen Hamilton by 224.5% in the third quarter. Denali Advisors LLC now owns 34,400 shares of the business services provider’s stock valued at $1,707,000 after buying an additional 23,800 shares in the last quarter. Voya Investment Management LLC boosted its stake in Booz Allen Hamilton by 90.5% in the second quarter. Voya Investment Management LLC now owns 96,667 shares of the business services provider’s stock valued at $4,227,000 after buying an additional 45,911 shares in the last quarter. Aperio Group LLC boosted its stake in Booz Allen Hamilton by 14.2% in the second quarter. Aperio Group LLC now owns 65,288 shares of the business services provider’s stock valued at $2,855,000 after buying an additional 8,137 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in Booz Allen Hamilton in the second quarter valued at about $144,000. 93.25% of the stock is currently owned by institutional investors and hedge funds.

Booz Allen Hamilton Company Profile

Booz Allen Hamilton Holding Corporation provides management and technology consulting, engineering, analytics, digital, mission operations, and cyber solutions to governments, corporations, and not-for-profit organizations in the United States and internationally. The company offers consulting solutions for various domains, business strategies, human capital, and operations.

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Analyst Recommendations for Booz Allen Hamilton (NYSE:BAH)

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