The stock of Booz Allen Hamilton Holding Corporation (NYSE:BAH) reached all time high today, Sep, 30 and still has $48.34 target or 54.00% above today’s $31.39 share price. This indicates more upside for the $4.66 billion company. This technical setup was reported by Barchart.com. If the $48.34 PT is reached, the company will be worth $2.52 billion more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 36,496 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 earnings per share, up 10.26% or $0.04 from last year’s $0.39 per share. BAH’s profit will be $63.84 million for 18.25 P/E if the $0.43 EPS becomes a reality. After $0.46 actual earnings per share 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. Booz Allen Hamilton Holding Corporation has been the topic of 13 analyst reports since July 28, 2015 according to StockzIntelligence Inc. On Friday, September 11 the stock rating was downgraded by Morgan Stanley to “Underweight”. The rating was maintained by RBC Capital Markets with “Outperform” on Thursday, January 28. Jefferies initiated the shares of BAH in a report on Wednesday, January 20 with “Buy” rating. The stock of Booz Allen Hamilton Holding Corporation (NYSE:BAH) earned “Neutral” rating by Bank of America on Monday, November 2. RBC Capital Markets maintained Booz Allen Hamilton Holding Corporation (NYSE:BAH) rating on Thursday, October 29. RBC Capital Markets has “Outperform” rating and $34 price target. The firm earned “Buy” rating on Thursday, October 29 by Stifel Nicolaus. The company was upgraded on Tuesday, December 22 by William Blair. Zacks upgraded Booz Allen Hamilton Holding Corporation (NYSE:BAH) on Tuesday, August 4 to “Hold” rating. The firm earned “Buy” rating on Tuesday, July 28 by BB&T Capital. The stock of Booz Allen Hamilton Holding Corporation (NYSE:BAH) earned “Market Perform” rating by Raymond James on Tuesday, April 12.
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 Q2 2016. Its up 0.56, from 1.08 in 2016Q1. The ratio improved, 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.
Carlyle Group L.P. holds 8.24% of its portfolio in Booz Allen Hamilton Holding Corporation for 15.99 million shares. Channing Capital Management Llc owns 2.33 million shares or 2.9% of their US portfolio. Moreover, Kings Point Capital Management has 2% invested in the company for 263,599 shares. The Massachusetts-based Contravisory Investment Management Inc. has invested 1.97% in the stock. Artemis Investment Management Llp, a United Kingdom-based fund reported 4.05 million shares.
Insider Transactions: Since January 1, 0001, the stock had 1 insider buy, and 3 selling transactions for $365.57 million net activity.
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