Price Action Report: Is Booz Allen Hamilton Holding Corporation a Buy? The Stock Reaches 52-Week High Today

Price Action Report: Is Booz Allen Hamilton Holding Corporation a Buy? The Stock Reaches 52 Week High Today

The stock of Booz Allen Hamilton Holding Corporation (NYSE:BAH) hit a new 52-week high and has $41.88 target or 33.00% above today’s $31.49 share price. The 5 months bullish chart indicates low risk for the $4.67B company. The 1-year high was reported on Sep, 30 by Barchart.com. If the $41.88 price target is reached, the company will be worth $1.54B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 134,490 shares traded hands. Booz Allen Hamilton Holding Corporation (NYSE:BAH) has risen 15.01% since February 26, 2016 and is uptrending. It has outperformed by 4.58% the S&P500.

Analysts await Booz Allen Hamilton Holding Corporation (NYSE:BAH) to report earnings on October, 26. They expect $0.43 EPS, up 10.26% or $0.04 from last year’s $0.39 per share. BAH’s profit will be $63.77 million for 18.31 P/E if the $0.43 EPS becomes a reality. After $0.46 actual EPS reported by Booz Allen Hamilton Holding Corporation for the previous quarter, Wall Street now forecasts -6.52% negative EPS growth.

Booz Allen Hamilton Holding Corporation (NYSE:BAH) Ratings Coverage

Out of 9 analysts covering Booz Allen Hamilton Holding Corporation (NYSE:BAH), 6 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 67% are positive. $35 is the highest target while $23 is the lowest. The $31.17 average target is -1.02% below today’s ($31.49) stock price. Booz Allen Hamilton Holding Corporation has been the topic of 13 analyst reports since July 28, 2015 according to StockzIntelligence Inc. BB&T Capital initiated Booz Allen Hamilton Holding Corporation (NYSE:BAH) on Tuesday, July 28 with “Buy” rating. The rating was downgraded by Raymond James on Tuesday, April 12 to “Market Perform”. The company was maintained on Thursday, January 28 by RBC Capital Markets. The firm earned “Buy” rating on Wednesday, January 20 by Jefferies. On Tuesday, August 4 the stock rating was upgraded by Zacks to “Hold”. The rating was upgraded by Wells Fargo on Thursday, January 7 to “Outperform”. The company was upgraded on Tuesday, December 22 by William Blair. As per Thursday, July 30, the company rating was maintained by RBC Capital Markets. The firm has “Neutral” rating by Bank of America given on Monday, November 2. The company was maintained on Thursday, October 29 by Stifel Nicolaus.

According to Zacks Investment Research, “Booz Allen Hamilton Inc. is engaged in providing management and technology consulting services to the U.S. government in the defense, intelligence and civil markets. Technological services offered by the Company include Cyber technologies, SE&I, Systems development and Strategic technology and innovation. Its major clients include the Department of Defense, all branches of the U.S. military, the U.S. Intelligence Community, and civil agencies such as the Department of Homeland Security, the Department of Energy, the Department of Health and Human Services, the Department of the Treasury and the Environmental Protection Agency. Booz Allen Hamilton Inc. is headquartered in McLean, Virginia, the United States of America.”

Insitutional Activity: The institutional sentiment increased to 1.64 in 2016 Q2. Its up 0.56, from 1.08 in 2016Q1. The ratio increased, as 26 funds sold all Booz Allen Hamilton Holding Corporation shares owned while 54 reduced positions. 33 funds bought stakes while 98 increased positions. They now own 127.62 million shares or 2.61% less from 131.05 million shares in 2016Q1.
Quantbot Technology L P holds 12,709 shares or 0.04% of its portfolio. Moreover, Lord Abbett Lc has 0.3% invested in Booz Allen Hamilton Holding Corporation (NYSE:BAH) for 3.29 million shares. Panagora Asset Mgmt Inc last reported 5,400 shares in the company. The Oregon-based Tygh Capital Mngmt has invested 1.36% in Booz Allen Hamilton Holding Corporation (NYSE:BAH). Nomura Asset Mgmt has invested 0% of its portfolio in Booz Allen Hamilton Holding Corporation (NYSE:BAH). Analytic Invsts Limited Liability Company reported 2.03 million shares or 0.71% of all its holdings. Columbus Circle holds 0.42% of its portfolio in Booz Allen Hamilton Holding Corporation (NYSE:BAH) for 1.42M shares. Teacher Retirement Sys Of Texas holds 18,765 shares or 0% of its portfolio. Gotham Asset Ltd Limited Liability Company, a New York-based fund reported 127,804 shares. American International Grp holds 0% of its portfolio in Booz Allen Hamilton Holding Corporation (NYSE:BAH) for 2,859 shares. Guggenheim Ltd Liability Com last reported 0% of its portfolio in the stock. Capstone Advsr Llc has 0.02% invested in the company for 39,400 shares. Bamco Ny holds 0.57% or 3.61 million shares in its portfolio. Royal Bank & Trust Of Canada last reported 158,658 shares in the company. Moreover, Cambiar Limited Co has 0.05% invested in Booz Allen Hamilton Holding Corporation (NYSE:BAH) for 125,791 shares.

Insider Transactions: Since May 25, 2016, the stock had 1 buy, and 3 insider sales for $365.57 million net activity. On Wednesday, July 27 LOGUE JOSEPH sold $511,025 worth of the stock or 16,223 shares. Penfield Susan L had bought 28 shares worth $827 on Thursday, June 30. 31,992 shares with value of $932,979 were sold by Cook Kevin L on Wednesday, May 25. On Friday, May 27 the insider EXPLORER COINVEST LLC sold $364.13 million.

More notable recent Booz Allen Hamilton Holding Corporation (NYSE:BAH) news were published by: Wsj.com which released: “Booz Allen Hamilton Profit, Sales Climb as Backlog Reaches Record” on May 18, 2016, also Seekingalpha.com with their article: “Booz Allen Hamilton’s Backlog Booming” published on August 10, 2016, Businesswire.com published: “Booz Allen Hamilton Announces Pricing of Secondary Offering by Affiliate of …” on May 24, 2016. More interesting news about Booz Allen Hamilton Holding Corporation (NYSE:BAH) were released by: Businesswire.com and their article: “Booz Allen Hamilton to Host Conference Call to Discuss Second Quarter Fiscal …” published on September 19, 2016 as well as Benzinga.com‘s news article titled: “Booz Allen Hamilton: Barclays Looks Beyond Q1 Estimate Beat” with publication date: July 28, 2016.

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