Booz Allen Hamilton (NYSE:BAH) Upgraded at Cantor Fitzgerald

Booz Allen Hamilton (NYSE:BAH) was upgraded by Cantor Fitzgerald to a “strong-buy” rating in a research report issued on Tuesday,Zacks.com reports.

Several other equities research analysts have also recently weighed in on the stock. William Blair cut shares of Booz Allen Hamilton from an “outperform” rating to a “market perform” rating in a research report on Friday, February 21st. Truist Financial reduced their price target on shares of Booz Allen Hamilton from $185.00 to $155.00 and set a “hold” rating on the stock in a research report on Friday, November 22nd. Raymond James upgraded shares of Booz Allen Hamilton from a “market perform” rating to an “outperform” rating and set a $150.00 price objective on the stock in a research report on Monday, February 3rd. UBS Group began coverage on shares of Booz Allen Hamilton in a research report on Monday, December 2nd. They set a “neutral” rating and a $159.00 price objective on the stock. Finally, Barclays upgraded shares of Booz Allen Hamilton from an “underweight” rating to an “equal weight” rating and set a $140.00 price objective on the stock in a research report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $158.91.

Booz Allen Hamilton Price Performance

Shares of NYSE:BAH opened at $114.72 on Tuesday. The company has a debt-to-equity ratio of 2.72, a current ratio of 1.57 and a quick ratio of 1.57. Booz Allen Hamilton has a 1-year low of $106.69 and a 1-year high of $190.59. The company has a market capitalization of $14.53 billion, a P/E ratio of 17.10, a P/E/G ratio of 1.25 and a beta of 0.55. The firm’s 50 day simple moving average is $128.57 and its two-hundred day simple moving average is $147.30.

Booz Allen Hamilton (NYSE:BAH) last issued its quarterly earnings results on Friday, January 31st. The business services provider reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.48 by $0.07. Booz Allen Hamilton had a net margin of 7.39% and a return on equity of 68.97%. Research analysts expect that Booz Allen Hamilton will post 6.44 EPS for the current fiscal year.

Institutional Trading of Booz Allen Hamilton

A number of large investors have recently made changes to their positions in BAH. Norges Bank purchased a new stake in shares of Booz Allen Hamilton during the fourth quarter valued at $196,578,000. Raymond James Financial Inc. purchased a new stake in Booz Allen Hamilton in the fourth quarter worth about $173,055,000. Janus Henderson Group PLC lifted its stake in Booz Allen Hamilton by 179.7% in the fourth quarter. Janus Henderson Group PLC now owns 1,767,129 shares of the business services provider’s stock worth $227,425,000 after acquiring an additional 1,135,426 shares during the period. Man Group plc lifted its stake in Booz Allen Hamilton by 2,293.2% in the fourth quarter. Man Group plc now owns 1,128,389 shares of the business services provider’s stock worth $145,224,000 after acquiring an additional 1,081,239 shares during the period. Finally, Bank of America Corp DE lifted its stake in Booz Allen Hamilton by 61.4% in the fourth quarter. Bank of America Corp DE now owns 1,552,217 shares of the business services provider’s stock worth $199,770,000 after acquiring an additional 590,655 shares during the period. 91.82% of the stock is owned by hedge funds and other institutional investors.

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.