Brokerages Set Booz Allen Hamilton Holding Co. (NYSE:BAH) Target Price at $158.27

Booz Allen Hamilton Holding Co. (NYSE:BAH) has earned an average recommendation of “Moderate Buy” from the twelve analysts that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $158.27.

BAH has been the topic of several research analyst reports. JPMorgan Chase & Co. cut their price target on Booz Allen Hamilton from $142.00 to $140.00 and set an “underweight” rating on the stock in a research report on Monday, February 3rd. Cantor Fitzgerald upgraded shares of Booz Allen Hamilton to a “strong-buy” rating in a research report on Tuesday, February 25th. Raymond James upgraded shares of Booz Allen Hamilton from a “market perform” rating to an “outperform” rating and set a $150.00 price target for the company in a research note on Monday, February 3rd. Wells Fargo & Company dropped their price objective on shares of Booz Allen Hamilton from $180.00 to $164.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 26th. Finally, The Goldman Sachs Group decreased their target price 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.

Booz Allen Hamilton Stock Down 2.4 %

Shares of NYSE BAH opened at $109.07 on Friday. The business has a 50-day moving average of $115.43 and a two-hundred day moving average of $138.81. The company has a market capitalization of $13.81 billion, a price-to-earnings ratio of 16.26, a price-to-earnings-growth ratio of 1.25 and a beta of 0.58. Booz Allen Hamilton has a 1 year low of $101.05 and a 1 year high of $190.59. 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 (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 net margin of 7.39% and a return on equity of 68.97%. On average, analysts forecast that Booz Allen Hamilton will post 6.44 earnings per share for the current fiscal year.

Booz Allen Hamilton Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Friday, February 14th were issued a $0.55 dividend. This is a boost from Booz Allen Hamilton’s previous quarterly dividend of $0.51. This represents a $2.20 annualized dividend and a dividend yield of 2.02%. The ex-dividend date was Friday, February 14th. Booz Allen Hamilton’s dividend payout ratio (DPR) is currently 32.79%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Norges Bank acquired a new position in shares of Booz Allen Hamilton during the 4th quarter worth $196,578,000. Raymond James Financial Inc. acquired a new position in Booz Allen Hamilton during the fourth quarter worth about $173,055,000. Janus Henderson Group PLC increased its holdings 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 valued at $227,425,000 after buying an additional 1,135,426 shares in the last quarter. Man Group plc lifted its position in shares of Booz Allen Hamilton by 2,293.2% during the 4th quarter. Man Group plc now owns 1,128,389 shares of the business services provider’s stock valued at $145,224,000 after acquiring an additional 1,081,239 shares during the period. Finally, Bank of America Corp DE boosted its stake in shares of Booz Allen Hamilton by 61.4% during the 4th 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 in the last quarter. Institutional investors and hedge funds own 91.82% of the company’s stock.

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.