Stifel Nicolaus Initiates Coverage on Booz Allen Hamilton (NYSE:BAH)

Equities research analysts at Stifel Nicolaus initiated coverage on shares of Booz Allen Hamilton (NYSE:BAH) in a research note issued on Tuesday, Marketbeat.com reports. The brokerage set a “hold” rating and a $112.00 price target on the business services provider’s stock. Stifel Nicolaus’ price target would indicate a potential upside of 10.63% from the stock’s previous close.

BAH has been the topic of several other reports. Cantor Fitzgerald upgraded Booz Allen Hamilton to a “strong-buy” rating in a research report on Tuesday, February 25th. Barclays cut their target price on shares of Booz Allen Hamilton from $140.00 to $120.00 and set an “equal weight” rating on the stock in a report on Wednesday, May 28th. JPMorgan Chase & Co. decreased their target price on shares of Booz Allen Hamilton from $140.00 to $120.00 and set an “underweight” rating on the stock in a research note on Tuesday, April 15th. Wall Street Zen cut shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research report on Saturday, May 24th. Finally, Wells Fargo & Company cut their price target on shares of Booz Allen Hamilton from $148.00 to $135.00 and set an “overweight” rating on the stock in a report on Friday, May 23rd. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Booz Allen Hamilton presently has a consensus rating of “Hold” and an average price target of $134.64.

Booz Allen Hamilton Stock Up 1.1%

Shares of BAH opened at $101.24 on Tuesday. Booz Allen Hamilton has a 1 year low of $98.95 and a 1 year high of $190.59. The company has a debt-to-equity ratio of 3.90, a current ratio of 1.79 and a quick ratio of 1.79. The stock has a 50 day simple moving average of $112.87 and a two-hundred day simple moving average of $118.46. The firm has a market cap of $12.57 billion, a P/E ratio of 13.96, a P/E/G ratio of 1.56 and a beta of 0.49.

Booz Allen Hamilton (NYSE:BAH) last announced its quarterly earnings data on Friday, May 23rd. The business services provider reported $1.61 earnings per share for the quarter, topping analysts’ consensus estimates of $1.59 by $0.02. Booz Allen Hamilton had a net margin of 7.81% and a return on equity of 72.35%. The firm had revenue of $2.97 billion during the quarter, compared to analyst estimates of $3.03 billion. During the same period in the previous year, the business posted $1.33 EPS. The business’s quarterly revenue was up 7.3% on a year-over-year basis. On average, analysts forecast that Booz Allen Hamilton will post 6.44 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Booz Allen Hamilton

Large investors have recently modified their holdings of the stock. OFI Invest Asset Management purchased a new stake in Booz Allen Hamilton in the fourth quarter worth about $25,000. MassMutual Private Wealth & Trust FSB raised its position in shares of Booz Allen Hamilton by 74.5% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 246 shares of the business services provider’s stock worth $26,000 after acquiring an additional 105 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of Booz Allen Hamilton by 144.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 227 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 134 shares during the period. SRS Capital Advisors Inc. lifted its stake in shares of Booz Allen Hamilton by 3,314.3% in the 4th quarter. SRS Capital Advisors Inc. now owns 239 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 232 shares during the period. Finally, Brooklyn Investment Group boosted its position in shares of Booz Allen Hamilton by 102.8% during the first quarter. Brooklyn Investment Group now owns 294 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 149 shares in the last quarter. Institutional investors own 91.82% of the company’s stock.

About Booz Allen Hamilton

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.