Todays Report: The Jefferies Group Reaffirms Buy Rating for Booz Allen Hamilton Holding Corp. (BAH)

The Jefferies Group Reaffirms Buy Rating for Booz Allen Hamilton Holding Corp. (BAH)

Jefferies Group restated their buy rating on shares of Booz Allen Hamilton Holding Corp. (NYSE:BAH) in a research report released on Saturday. Jefferies Group currently has a $37.00 price target on the stock.

Several other analysts have also recently commented on BAH. Zacks Investment Research upgraded Booz Allen Hamilton Holding Corp. from a sell rating to a hold rating and set a $34.00 price target for the company in a report on Thursday, July 28th. Barclays PLC restated an overweight rating and issued a $32.00 price target on shares of Booz Allen Hamilton Holding Corp. in a report on Sunday, July 31st. Finally, Raymond James Financial Inc. upgraded Booz Allen Hamilton Holding Corp. from a market perform rating to an outperform rating and set a $36.00 price target for the company in a report on Thursday. One equities research analyst has rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of Buy and an average target price of $34.08.

Shares of Booz Allen Hamilton Holding Corp. (NYSE:BAH) opened at 30.19 on Friday. The firm has a market cap of $4.48 billion, a PE ratio of 15.37 and a beta of 0.94. The firm’s 50-day moving average is $30.64 and its 200-day moving average is $29.62. Booz Allen Hamilton Holding Corp. has a 12-month low of $25.03 and a 12-month high of $31.94.

Booz Allen Hamilton Holding Corp. (NYSE:BAH) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.44 by $0.02. The company earned $1.42 billion during the quarter, compared to analysts’ expectations of $1.40 billion. Booz Allen Hamilton Holding Corp. had a return on equity of 65.77% and a net margin of 5.43%. The firm’s revenue was up 5.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.44 EPS. Equities analysts expect that Booz Allen Hamilton Holding Corp. will post $1.73 earnings per share for the current fiscal year.

In other Booz Allen Hamilton Holding Corp. news, insider Joseph Logue sold 43,777 shares of the company’s stock in a transaction that occurred on Tuesday, September 27th. The stock was sold at an average price of $31.59, for a total value of $1,382,915.43. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 3.76% of the stock is owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in BAH. Norges Bank bought a new position in Booz Allen Hamilton Holding Corp. during the fourth quarter worth $35,837,000. Boston Advisors LLC raised its position in shares of Booz Allen Hamilton Holding Corp. by 3.9% in the second quarter. Boston Advisors LLC now owns 467,693 shares of the company’s stock worth $13,862,000 after buying an additional 17,377 shares during the last quarter. State Street Corp raised its position in shares of Booz Allen Hamilton Holding Corp. by 5.0% in the first quarter. State Street Corp now owns 1,412,624 shares of the company’s stock worth $42,772,000 after buying an additional 67,476 shares during the last quarter. Teacher Retirement System of Texas raised its position in shares of Booz Allen Hamilton Holding Corp. by 27.7% in the second quarter. Teacher Retirement System of Texas now owns 18,765 shares of the company’s stock worth $556,000 after buying an additional 4,070 shares during the last quarter. Finally, Aperio Group LLC raised its position in shares of Booz Allen Hamilton Holding Corp. by 70.6% in the first quarter. Aperio Group LLC now owns 14,613 shares of the company’s stock worth $442,000 after buying an additional 6,045 shares during the last quarter. Hedge funds and other institutional investors own 92.68% of the company’s stock.

Booz Allen Hamilton Holding Corp. Company Profile

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