Wells Fargo & Company Increases Booz Allen Hamilton Holding Corporation (NYSE:BAH) Price Target to $42.00

Booz Allen Hamilton Holding Corporation (NYSE:BAH) had its price objective hoisted by equities researchers at Wells Fargo & Company from $40.00 to $42.00 in a report released on Wednesday, October 25th. The firm currently has an “outperform” rating on the business services provider’s stock. Wells Fargo & Company’s target price would suggest a potential upside of 14.79% from the stock’s current price.

Other research analysts have also issued reports about the stock. Cowen and Company reissued a “buy” rating and set a $41.00 target price on shares of Booz Allen Hamilton Holding Corporation in a research note on Monday, August 7th. BidaskClub raised shares of Booz Allen Hamilton Holding Corporation from a “hold” rating to a “buy” rating in a research note on Friday, August 18th. Zacks Investment Research raised shares of Booz Allen Hamilton Holding Corporation from a “hold” rating to a “buy” rating and set a $42.00 target price on the stock in a research note on Monday, October 9th. Vertical Research raised shares of Booz Allen Hamilton Holding Corporation from a “hold” rating to a “buy” rating and set a $42.00 target price on the stock in a research note on Tuesday, October 3rd. Finally, Jefferies Group LLC reissued a “hold” rating and set a $36.00 target price on shares of Booz Allen Hamilton Holding Corporation in a research note on Thursday, September 21st. Six research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Booz Allen Hamilton Holding Corporation presently has a consensus rating of “Buy” and a consensus target price of $39.72.

Booz Allen Hamilton Holding Corporation (BAH) traded down $0.03 during trading hours on Wednesday, hitting $36.59. 611,100 shares of the stock were exchanged, compared to its average volume of 1,169,942. The company has a debt-to-equity ratio of 3.33, a quick ratio of 1.59 and a current ratio of 1.49. Booz Allen Hamilton Holding Corporation has a 12 month low of $31.06 and a 12 month high of $39.67. The company has a market cap of $5,339.63, a price-to-earnings ratio of 19.90, a P/E/G ratio of 2.27 and a beta of 1.28.

Booz Allen Hamilton Holding Corporation (NYSE:BAH) last posted its quarterly earnings data on Monday, November 6th. The business services provider reported $0.48 EPS for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.02. Booz Allen Hamilton Holding Corporation had a net margin of 4.52% and a return on equity of 48.30%. The company had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same period in the prior year, the firm posted $0.46 EPS. The company’s quarterly revenue was up 10.6% on a year-over-year basis. equities analysts expect that Booz Allen Hamilton Holding Corporation will post 1.92 EPS for the current year.

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In other Booz Allen Hamilton Holding Corporation news, insider Karen M. Dahut sold 36,000 shares of the company’s stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $34.02, for a total transaction of $1,224,720.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Ian Fujiyama acquired 15,000 shares of the stock in a transaction on Monday, August 14th. The shares were acquired at an average price of $33.26 per share, for a total transaction of $498,900.00. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 150,407 shares of company stock worth $5,434,430. Corporate insiders own 3.04% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. Raymond James Financial Services Advisors Inc. raised its holdings in shares of Booz Allen Hamilton Holding Corporation 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 last quarter. M&T Bank Corp raised its holdings in shares of Booz Allen Hamilton Holding Corporation by 0.5% in the second quarter. M&T Bank Corp now owns 13,945 shares of the business services provider’s stock valued at $454,000 after purchasing an additional 65 shares during the last quarter. Teacher Retirement System of Texas raised its holdings in shares of Booz Allen Hamilton Holding Corporation by 0.6% in the second quarter. Teacher Retirement System of Texas now owns 11,980 shares of the business services provider’s stock valued at $390,000 after purchasing an additional 66 shares during the last quarter. Somerset Trust Co raised its holdings in shares of Booz Allen Hamilton Holding Corporation by 0.5% in the second quarter. Somerset Trust Co now owns 14,022 shares of the business services provider’s stock valued at $457,000 after purchasing an additional 75 shares during the last quarter. Finally, Comerica Bank raised its holdings in shares of Booz Allen Hamilton Holding Corporation by 2.8% in the first quarter. Comerica Bank now owns 8,689 shares of the business services provider’s stock valued at $314,000 after purchasing an additional 237 shares during the last quarter. Institutional investors own 92.93% of the company’s stock.

About Booz Allen Hamilton Holding Corporation

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.

Analyst Recommendations for Booz Allen Hamilton Holding Corporation (NYSE:BAH)

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