Brokerages Set Booz Allen Hamilton Holding Co. (NYSE:BAH) PT at $158.80

Shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) have been assigned a consensus recommendation of “Moderate Buy” from the eleven analysts that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $158.91.

A number of brokerages have recently weighed in on BAH. Jefferies Financial Group cut Booz Allen Hamilton from a “buy” rating to a “hold” rating and raised their price target for the company from $180.00 to $190.00 in a research report on Monday, November 4th. JPMorgan Chase & Co. reduced their price target on shares of Booz Allen Hamilton from $142.00 to $140.00 and set an “underweight” rating on the stock in a report on Monday, February 3rd. The Goldman Sachs Group dropped their price objective on shares of Booz Allen Hamilton from $210.00 to $158.00 and set a “buy” rating for the company in a research note on Thursday, December 12th. Raymond James raised Booz Allen Hamilton from a “market perform” rating to an “outperform” rating and set a $150.00 target price on the stock in a research note on Monday, February 3rd. Finally, StockNews.com downgraded Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research report on Thursday, December 5th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Norges Bank acquired a new position in Booz Allen Hamilton during the fourth quarter worth approximately $196,578,000. Raymond James Financial Inc. purchased a new stake in shares of Booz Allen Hamilton during the 4th quarter valued at $173,055,000. Renaissance Technologies LLC increased its holdings in shares of Booz Allen Hamilton by 1,111.3% during the 4th quarter. Renaissance Technologies LLC now owns 606,794 shares of the business services provider’s stock worth $78,094,000 after buying an additional 556,700 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Booz Allen Hamilton by 12.5% in the 4th quarter. JPMorgan Chase & Co. now owns 4,518,386 shares of the business services provider’s stock worth $581,516,000 after buying an additional 501,725 shares during the period. Finally, Alliancebernstein L.P. grew its position in Booz Allen Hamilton by 78.8% during the fourth quarter. Alliancebernstein L.P. now owns 1,033,475 shares of the business services provider’s stock valued at $133,008,000 after acquiring an additional 455,605 shares during the period. Institutional investors and hedge funds own 91.82% of the company’s stock.

Booz Allen Hamilton Stock Down 3.3 %

Shares of NYSE BAH opened at $117.85 on Friday. The company has a quick ratio of 1.56, a current ratio of 1.57 and a debt-to-equity ratio of 2.72. The firm has a 50-day moving average price of $132.66 and a 200 day moving average price of $149.09. Booz Allen Hamilton has a 52 week low of $116.07 and a 52 week high of $190.59. The stock has a market capitalization of $14.93 billion, a price-to-earnings ratio of 17.56, a price-to-earnings-growth ratio of 1.46 and a beta of 0.55.

Booz Allen Hamilton (NYSE:BAH) last announced its quarterly earnings results on Friday, January 31st. The business services provider reported $1.55 EPS for the quarter, topping the consensus estimate of $1.48 by $0.07. Booz Allen Hamilton had a return on equity of 68.97% and a net margin of 7.39%. Equities research analysts anticipate that Booz Allen Hamilton will post 6.33 EPS for the current fiscal year.

Booz Allen Hamilton Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Friday, February 14th will be paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 1.87%. This is a positive change from Booz Allen Hamilton’s previous quarterly dividend of $0.51. The ex-dividend date is Friday, February 14th. Booz Allen Hamilton’s dividend payout ratio (DPR) is presently 30.40%.

Booz Allen Hamilton Company Profile

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.