Morgan Stanley Increases Booz Allen Hamilton (NYSE:BAH) Price Target to $76.00

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Booz Allen Hamilton (NYSE:BAH) had its price target boosted by Morgan Stanley from $70.00 to $76.00 in a research report released on Wednesday, BenzingaRatingsTable reports. Morgan Stanley currently has an overweight rating on the business services provider’s stock.

Several other research analysts have also commented on BAH. Cowen reissued a buy rating and issued a $71.00 price objective on shares of Booz Allen Hamilton in a research report on Monday, July 29th. Zacks Investment Research raised Booz Allen Hamilton from a hold rating to a buy rating and set a $71.00 price objective on the stock in a research report on Friday, June 28th. SunTrust Banks raised their target price on Booz Allen Hamilton to $80.00 and gave the company a buy rating in a research note on Tuesday, July 30th. Citigroup raised their target price on Booz Allen Hamilton from $65.00 to $71.00 and gave the company a neutral rating in a research note on Tuesday, July 30th. Finally, Wells Fargo & Co downgraded Booz Allen Hamilton from an outperform rating to a market perform rating and raised their target price for the company from $71.00 to $74.00 in a research note on Tuesday, July 30th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the company’s stock. Booz Allen Hamilton has an average rating of Buy and a consensus price target of $67.30.

NYSE:BAH opened at $73.47 on Wednesday. The business’s 50-day moving average is $69.77 and its two-hundred day moving average is $61.84. The company has a debt-to-equity ratio of 3.14, a current ratio of 1.75 and a quick ratio of 1.75. Booz Allen Hamilton has a 12 month low of $43.24 and a 12 month high of $75.26. The firm has a market capitalization of $10.52 billion, a PE ratio of 26.62, a price-to-earnings-growth ratio of 1.89 and a beta of 0.95.

Booz Allen Hamilton (NYSE:BAH) last released its quarterly earnings data on Monday, July 29th. The business services provider reported $0.83 EPS for the quarter, beating the consensus estimate of $0.72 by $0.11. Booz Allen Hamilton had a return on equity of 59.44% and a net margin of 6.27%. The company had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.79 billion. During the same period last year, the company posted $0.72 earnings per share. The firm’s revenue was up 10.8% compared to the same quarter last year. Equities analysts anticipate that Booz Allen Hamilton will post 3.06 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Wednesday, August 14th will be paid a dividend of $0.23 per share. The ex-dividend date is Tuesday, August 13th. This represents a $0.92 annualized dividend and a dividend yield of 1.25%. Booz Allen Hamilton’s dividend payout ratio is presently 33.33%.

In other news, EVP Nancy Laben sold 11,340 shares of the firm’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $69.00, for a total transaction of $782,460.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Laura S. Adams sold 780 shares of Booz Allen Hamilton stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $65.63, for a total value of $51,191.40. The disclosure for this sale can be found here. Insiders have sold 197,788 shares of company stock valued at $13,624,612 over the last 90 days. Insiders own 2.60% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Federated Investors Inc. PA grew its stake in Booz Allen Hamilton by 70.6% in the first quarter. Federated Investors Inc. PA now owns 362,389 shares of the business services provider’s stock worth $21,069,000 after purchasing an additional 149,939 shares in the last quarter. Strs Ohio grew its stake in Booz Allen Hamilton by 4.6% in the second quarter. Strs Ohio now owns 6,691 shares of the business services provider’s stock worth $443,000 after purchasing an additional 294 shares in the last quarter. ARP Americas LP grew its stake in Booz Allen Hamilton by 573.9% in the second quarter. ARP Americas LP now owns 31,000 shares of the business services provider’s stock worth $2,053,000 after purchasing an additional 26,400 shares in the last quarter. Coastal Capital Group Inc. acquired a new position in Booz Allen Hamilton in the second quarter worth about $131,000. Finally, Hanseatic Management Services Inc. grew its stake in Booz Allen Hamilton by 22.7% in the first quarter. Hanseatic Management Services Inc. now owns 14,820 shares of the business services provider’s stock worth $862,000 after purchasing an additional 2,740 shares in the last quarter. Institutional investors and hedge funds own 90.99% of the company’s stock.

Booz Allen Hamilton Company Profile

Booz Allen Hamilton Holding Corporation provides management and technology consulting, engineering, analytics, digital, mission operations, and cyber solutions to governments, corporations, and not-for-profit organizations in the United States and internationally. The company offers consulting solutions for various domains, business strategies, human capital, and operations.

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Analyst Recommendations for Booz Allen Hamilton (NYSE:BAH)

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