Booz Allen Hamilton (NYSE:BAH) Stock Rating Reaffirmed by Cowen

Cowen reiterated their buy rating on shares of Booz Allen Hamilton (NYSE:BAH) in a research report sent to investors on Monday, AnalystRatings.com reports. Cowen currently has a $71.00 price target on the business services provider’s stock.

Other analysts also recently issued research reports about the company. Jefferies Financial Group lifted their target price on Booz Allen Hamilton from $61.00 to $69.00 and gave the company an outperform rating in a research note on Wednesday, May 29th. SunTrust Banks lifted their target price on Booz Allen Hamilton to $69.00 and gave the company a buy rating in a research note on Wednesday, May 29th. Goldman Sachs Group assumed coverage on Booz Allen Hamilton in a research note on Thursday, May 9th. They set a buy rating on the stock. Morgan Stanley assumed coverage on Booz Allen Hamilton in a research note on Monday, June 3rd. They set an overweight rating and a $70.00 target price on the stock. Finally, Zacks Investment Research raised Booz Allen Hamilton from a hold rating to a buy rating and set a $71.00 target price on the stock in a research note on Friday, June 28th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the stock. The stock currently has a consensus rating of Buy and an average price target of $66.70.

Shares of BAH opened at $68.75 on Monday. The company’s 50 day simple moving average is $67.16. The company has a market cap of $10.02 billion, a P/E ratio of 24.91, a PEG ratio of 1.92 and a beta of 0.94. Booz Allen Hamilton has a 12-month low of $43.24 and a 12-month high of $71.92. The company has a debt-to-equity ratio of 2.52, a current ratio of 1.44 and a quick ratio of 1.44.

Booz Allen Hamilton (NYSE:BAH) last issued its earnings results on Monday, July 29th. The business services provider reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.11. The company had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.79 billion. Booz Allen Hamilton had a return on equity of 61.30% and a net margin of 6.27%. The firm’s quarterly revenue was up 10.8% on a year-over-year basis. During the same quarter last year, the company earned $0.72 EPS. On average, equities research analysts predict that Booz Allen Hamilton will post 3.03 EPS for the current year.

In other Booz Allen Hamilton news, CFO Lloyd Howell, Jr. sold 74,279 shares of Booz Allen Hamilton stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $67.19, for a total value of $4,990,806.01. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Nancy Laben sold 35,389 shares of Booz Allen Hamilton stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $70.27, for a total value of $2,486,785.03. The disclosure for this sale can be found here. In the last ninety days, insiders sold 197,788 shares of company stock worth $13,624,612. Corporate insiders own 2.60% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. Federated Investors Inc. PA increased its position in shares of Booz Allen Hamilton by 70.6% during the 1st quarter. Federated Investors Inc. PA now owns 362,389 shares of the business services provider’s stock valued at $21,069,000 after purchasing an additional 149,939 shares during the last quarter. Hanseatic Management Services Inc. increased its position in shares of Booz Allen Hamilton by 22.7% during the 1st quarter. Hanseatic Management Services Inc. now owns 14,820 shares of the business services provider’s stock valued at $862,000 after purchasing an additional 2,740 shares during the last quarter. West Oak Capital LLC bought a new position in shares of Booz Allen Hamilton during the 2nd quarter valued at approximately $103,000. Polaris Greystone Financial Group LLC bought a new position in shares of Booz Allen Hamilton during the 1st quarter valued at approximately $9,328,000. Finally, Quantum Capital Management bought a new position in shares of Booz Allen Hamilton during the 1st quarter valued at approximately $204,000. 94.53% 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.

Featured Story: Do back-end load funds outperform no-load funds?

Analyst Recommendations for Booz Allen Hamilton (NYSE:BAH)

Receive News & Ratings for Booz Allen Hamilton Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Booz Allen Hamilton and related companies with MarketBeat.com's FREE daily email newsletter.