Citigroup Has Lowered Expectations for Booz Allen Hamilton (NYSE:BAH) Stock Price

Booz Allen Hamilton (NYSE:BAH) had its target price lowered by stock analysts at Citigroup from $88.00 to $69.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has a “neutral” rating on the business services provider’s stock. Citigroup’s price objective indicates a potential upside of 12.99% from the stock’s current price.

Several other analysts also recently issued reports on BAH. TD Cowen reiterated a “hold” rating on shares of Booz Allen Hamilton in a research note on Tuesday, May 26th. Jefferies Financial Group set a $85.00 price objective on Booz Allen Hamilton in a research note on Monday, May 11th. Weiss Ratings upgraded Booz Allen Hamilton from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, June 23rd. JPMorgan Chase & Co. decreased their target price on Booz Allen Hamilton from $97.00 to $85.00 and set an “underweight” rating for the company in a research report on Tuesday, May 26th. Finally, Stifel Nicolaus set a $110.00 price target on Booz Allen Hamilton and gave the company a “buy” rating in a report on Tuesday, May 26th. Two equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and an average price target of $86.50.

Booz Allen Hamilton Stock Up 0.7%

Shares of Booz Allen Hamilton stock traded up $0.40 during midday trading on Wednesday, reaching $61.07. 306,219 shares of the company’s stock traded hands, compared to its average volume of 2,163,424. The company has a market cap of $7.31 billion, a price-to-earnings ratio of 8.86, a price-to-earnings-growth ratio of 3.54 and a beta of 0.32. The company’s 50 day simple moving average is $74.83 and its 200 day simple moving average is $81.07. The company has a debt-to-equity ratio of 3.55, a quick ratio of 1.78 and a current ratio of 1.78. Booz Allen Hamilton has a 52 week low of $59.50 and a 52 week high of $120.04.

Booz Allen Hamilton (NYSE:BAH) last issued its quarterly earnings data on Friday, May 22nd. The business services provider reported $1.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $0.46. The firm had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $2.87 billion. Booz Allen Hamilton had a net margin of 7.59% and a return on equity of 76.07%. Booz Allen Hamilton’s revenue for the quarter was down 5.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.61 earnings per share. Booz Allen Hamilton has set its FY 2027 guidance at 6.000-6.350 EPS. Equities analysts expect that Booz Allen Hamilton will post 6.23 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Booz Allen Hamilton

Several large investors have recently made changes to their positions in the business. Victory Capital Management Inc. raised its position in Booz Allen Hamilton by 1,269.7% in the 3rd quarter. Victory Capital Management Inc. now owns 665,152 shares of the business services provider’s stock valued at $66,482,000 after purchasing an additional 616,591 shares during the last quarter. Altrinsic Global Advisors LLC grew its holdings in shares of Booz Allen Hamilton by 51.8% during the third quarter. Altrinsic Global Advisors LLC now owns 96,626 shares of the business services provider’s stock worth $9,658,000 after purchasing an additional 32,970 shares during the last quarter. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Booz Allen Hamilton in the fourth quarter valued at $45,327,000. Rathbones Group PLC increased its stake in shares of Booz Allen Hamilton by 21.8% in the third quarter. Rathbones Group PLC now owns 799,265 shares of the business services provider’s stock valued at $79,887,000 after buying an additional 142,968 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Booz Allen Hamilton by 15.9% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 128,890 shares of the business services provider’s stock valued at $10,941,000 after buying an additional 17,686 shares during the last quarter. Institutional investors and hedge funds own 91.82% of the company’s stock.

Booz Allen Hamilton Company Profile

Booz Allen Hamilton Holding Corporation is a publicly traded management and technology consulting firm headquartered in McLean, Virginia. The company provides a wide range of professional services and solutions in strategy, analytics, digital transformation, engineering and cyber security. Its expertise spans from supporting federal civilian agencies to defense, intelligence and homeland security organizations, as well as select commercial industries.

Key offerings include data analytics and artificial intelligence applications, software development and modernization, systems integration, and cyber risk management.