Raymond James Increases Booz Allen Hamilton (BAH) Price Target to $55.00

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Booz Allen Hamilton (NYSE:BAH) had its price target upped by investment analysts at Raymond James from $53.00 to $55.00 in a research report issued on Monday, The Fly reports. The firm currently has an “outperform” rating on the business services provider’s stock. Raymond James’ price target would indicate a potential upside of 14.44% from the stock’s current price.

Several other research firms also recently commented on BAH. Zacks Investment Research upgraded Booz Allen Hamilton from a “hold” rating to a “buy” rating and set a $56.00 price objective on the stock in a report on Monday, October 1st. Drexel Hamilton restated a “hold” rating on shares of Booz Allen Hamilton in a report on Monday. Cowen restated a “buy” rating and set a $54.00 price objective on shares of Booz Allen Hamilton in a report on Monday. Finally, Vertical Research downgraded Booz Allen Hamilton from a “buy” rating to a “hold” rating in a report on Monday, July 9th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Booz Allen Hamilton has a consensus rating of “Buy” and an average target price of $52.89.

BAH opened at $48.06 on Monday. The firm has a market cap of $6.67 billion, a price-to-earnings ratio of 23.91, a PEG ratio of 1.68 and a beta of 1.17. Booz Allen Hamilton has a 52 week low of $35.21 and a 52 week high of $52.56. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 2.87.

Booz Allen Hamilton (NYSE:BAH) last released its quarterly earnings data on Monday, October 29th. The business services provider reported $0.68 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 the consensus estimate of $1.64 billion. Booz Allen Hamilton had a return on equity of 57.00% and a net margin of 5.21%. Booz Allen Hamilton’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period last year, the business posted $0.50 EPS. On average, equities research analysts forecast that Booz Allen Hamilton will post 2.5 EPS for the current fiscal year.

In other Booz Allen Hamilton news, Director Ralph W. Shrader sold 30,000 shares of the stock in a transaction on Thursday, August 2nd. The stock was sold at an average price of $47.19, for a total transaction of $1,415,700.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Elizabeth M. Thompson sold 15,000 shares of the stock in a transaction on Thursday, August 2nd. The shares were sold at an average price of $47.49, for a total value of $712,350.00. The disclosure for this sale can be found here. Insiders have sold a total of 103,985 shares of company stock worth $5,140,940 in the last ninety days. Insiders own 3.56% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in BAH. SG Americas Securities LLC bought a new stake in Booz Allen Hamilton during the 2nd quarter valued at $144,000. Steward Partners Investment Advisory LLC boosted its position in Booz Allen Hamilton by 85.3% during the 3rd quarter. Steward Partners Investment Advisory LLC now owns 3,814 shares of the business services provider’s stock valued at $189,000 after acquiring an additional 1,756 shares in the last quarter. Fiduciary Trust Co. bought a new stake in Booz Allen Hamilton during the 2nd quarter valued at $208,000. Welch & Forbes LLC bought a new stake in Booz Allen Hamilton during the 2nd quarter valued at $212,000. Finally, Tower Research Capital LLC TRC bought a new stake in Booz Allen Hamilton during the 2nd quarter valued at $213,000. 93.25% of the stock is currently owned by institutional investors and hedge funds.

About Booz Allen Hamilton

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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