Booz Allen Hamilton (BAH) Lowered to Hold at Zacks Investment Research

Booz Allen Hamilton (NYSE:BAH) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Thursday.

According to Zacks, “Booz Allen Hamilton Inc. is engaged in providing management and technology consulting services to the U.S. government in the defense, intelligence and civil markets. Technological services offered by the Company include Cyber technologies, SE&I, Systems development and Strategic technology and innovation. Its major clients include the Department of Defense, all branches of the U.S. military, the U.S. Intelligence Community, and civil agencies such as the Department of Homeland Security, the Department of Energy, the Department of Health and Human Services, the Department of the Treasury and the Environmental Protection Agency. Booz Allen Hamilton Inc. is headquartered in McLean, Virginia, the United States of America. “

BAH has been the topic of several other research reports. Stifel Nicolaus reaffirmed a “buy” rating and set a $50.00 price target on shares of Booz Allen Hamilton in a research report on Tuesday, January 9th. ValuEngine cut shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating in a report on Saturday, November 4th. Cowen reissued a “buy” rating and issued a $50.00 target price (up previously from $41.00) on shares of Booz Allen Hamilton in a report on Thursday, October 12th. Jefferies Group raised shares of Booz Allen Hamilton from a “hold” rating to a “buy” rating in a report on Tuesday, November 7th. Finally, Wells Fargo & Co raised their target price on shares of Booz Allen Hamilton from $40.00 to $42.00 and gave the stock an “outperform” rating in a report on Wednesday, October 25th. Seven research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Booz Allen Hamilton has an average rating of “Buy” and a consensus target price of $41.32.

Booz Allen Hamilton (NYSE:BAH) opened at $36.34 on Thursday. The company has a debt-to-equity ratio of 3.14, a quick ratio of 1.49 and a current ratio of 1.49. Booz Allen Hamilton has a 12-month low of $31.06 and a 12-month high of $40.25. The company has a market cap of $5,291.89, a PE ratio of 18.80, a PEG ratio of 1.83 and a beta of 1.30.

Booz Allen Hamilton (NYSE:BAH) last issued its quarterly earnings results on Monday, February 5th. The business services provider reported $0.48 EPS for the quarter, topping the consensus estimate of $0.43 by $0.05. Booz Allen Hamilton had a net margin of 4.68% and a return on equity of 50.81%. The business had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.52 billion. During the same quarter last year, the company posted $0.38 earnings per share. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. research analysts forecast that Booz Allen Hamilton will post 1.93 EPS for the current fiscal year.

In other Booz Allen Hamilton news, insider Susan L. Penfield sold 30,022 shares of the firm’s stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $38.31, for a total value of $1,150,142.82. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Horacio Rozanski sold 35,870 shares of the firm’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $40.03, for a total transaction of $1,435,876.10. The disclosure for this sale can be found here. Insiders sold 182,135 shares of company stock worth $7,226,660 in the last 90 days. 3.04% of the stock is owned by company insiders.

Several large investors have recently made changes to their positions in the business. Raymond James Financial Services Advisors Inc. increased its stake in shares of Booz Allen Hamilton by 0.3% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 18,217 shares of the business services provider’s stock valued at $593,000 after purchasing an additional 49 shares during the period. The Manufacturers Life Insurance Company increased its stake in shares of Booz Allen Hamilton by 8.2% in the second quarter. The Manufacturers Life Insurance Company now owns 4,603 shares of the business services provider’s stock valued at $150,000 after purchasing an additional 347 shares during the period. Advisor Group Inc. increased its stake in shares of Booz Allen Hamilton by 13.1% in the second quarter. Advisor Group Inc. now owns 3,497 shares of the business services provider’s stock valued at $113,000 after purchasing an additional 405 shares during the period. Suntrust Banks Inc. increased its stake in shares of Booz Allen Hamilton by 11.9% in the second quarter. Suntrust Banks Inc. now owns 10,958 shares of the business services provider’s stock valued at $355,000 after purchasing an additional 1,166 shares during the period. Finally, Brookstone Capital Management increased its stake in shares of Booz Allen Hamilton by 19.0% in the third quarter. Brookstone Capital Management now owns 9,319 shares of the business services provider’s stock valued at $348,000 after purchasing an additional 1,489 shares during the period. Institutional investors own 92.70% of the company’s stock.

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Booz Allen Hamilton Company Profile

Booz Allen Hamilton Holding Corporation is a holding company. The Company is a provider of management and technology, consulting and engineering services to the United States and international governments, corporations and not-for-profit organizations. The Company’s client base includes government, commercial and international clients.

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