The stock of Booz Allen Hamilton Holding Corporation (NYSE:BAH) hit a new 52-week high and has $39.52 target or 5.00% above today’s $37.64 share price. The 9 months bullish chart indicates low risk for the $5.64B company. The 1-year high was reported on Nov, 29 by Barchart.com. If the $39.52 price target is reached, the company will be worth $282.00M 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 554,842 shares traded hands. Booz Allen Hamilton Holding Corporation (NYSE:BAH) has risen 34.44% since April 26, 2016 and is uptrending. It has outperformed by 29.18% the S&P500.
Analysts await Booz Allen Hamilton Holding Corporation (NYSE:BAH) to report earnings on January, 25. They expect $0.40 EPS, down 2.44% or $0.01 from last year’s $0.41 per share. BAH’s profit will be $59.94 million for 23.53 P/E if the $0.40 EPS becomes a reality. After $0.46 actual EPS reported by Booz Allen Hamilton Holding Corporation for the previous quarter, Wall Street now forecasts -13.04% negative EPS growth.
Booz Allen Hamilton Holding Corporation (NYSE:BAH) Ratings Coverage
Out of 9 analysts covering Booz Allen Hamilton Holding Corporation (NYSE:BAH), 8 rate it a “Buy”, 1 “Sell”, while 0 “Hold”. This means 89% are positive. $35 is the highest target while $23 is the lowest. The $31.17 average target is -17.19% below today’s ($37.64) stock price. Booz Allen Hamilton Holding Corporation has been the topic of 15 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The stock of Booz Allen Hamilton Holding Corporation (NYSE:BAH) earned “Outperform” rating by RBC Capital Markets on Thursday, October 29. The rating was upgraded by William Blair to “Outperform” on Tuesday, December 22. The firm has “Outperform” rating given on Thursday, October 6 by Raymond James. The stock has “Outperform” rating given by Wells Fargo on Thursday, January 7. The stock has “Buy” rating given by Bank of America on Friday, November 18. The rating was downgraded by Bank of America on Monday, November 2 to “Neutral”. As per Tuesday, August 4, the company rating was upgraded by Zacks. RBC Capital Markets maintained Booz Allen Hamilton Holding Corporation (NYSE:BAH) rating on Thursday, January 28. RBC Capital Markets has “Outperform” rating and $35 price target. As per Friday, September 11, the company rating was downgraded by Morgan Stanley. On Thursday, July 30 the stock rating was maintained by RBC Capital Markets with “Outperform”.
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 decreased to 0.9 in 2016 Q2. Its down 0.74, from 1.64 in 2016Q1. The ratio fall, 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.
Ladenburg Thalmann Service last reported 12,723 shares in the company. Goldman Sachs Inc accumulated 400,976 shares or 0% of the stock. Bluemountain Mngmt Ltd Liability has 0.02% invested in the company for 34,809 shares. Kanaly Trust Co last reported 0% of its portfolio in the stock. Burgundy Asset Mgmt accumulated 0.66% or 2.22 million shares. Kings Point Capital holds 2% of its portfolio in Booz Allen Hamilton Holding Corporation (NYSE:BAH) for 263,599 shares. Moreover, Blair William Co Il has 0.01% invested in Booz Allen Hamilton Holding Corporation (NYSE:BAH) for 37,040 shares. Blackrock holds 330,461 shares or 0.01% of its portfolio. Us Savings Bank De reported 185 shares or 0% of all its holdings. Contravisory Inv Mgmt Inc holds 216,880 shares or 1.97% of its portfolio. Fuller And Thaler Asset Mgmt Incorporated accumulated 1,300 shares or 0% of the stock. Point72 Asset Management Lp holds 0.12% or 583,400 shares in its portfolio. Mycio Wealth Prtn Ltd Liability Corporation accumulated 0% or 542 shares. Kcg Holdg Incorporated holds 0.01% or 8,622 shares in its portfolio. Bluecrest Mgmt Ltd last reported 10,440 shares in the company.
Insider Transactions: Since June 30, 2016, the stock had 1 buy, and 5 insider sales for $7.86 million net activity. On Thursday, June 30 the insider Penfield Susan L bought $827. On Wednesday, July 27 LOGUE JOSEPH sold $511,025 worth of the stock or 16,223 shares. $1.92M worth of Booz Allen Hamilton Holding Corporation (NYSE:BAH) was sold by MAHAFFEE JOSEPH W.
More notable recent Booz Allen Hamilton Holding Corporation (NYSE:BAH) news were published by: Seekingalpha.com which released: “Booz Allen Hamilton acquires Aquilent” on November 29, 2016, also Wsj.com with their article: “Booz Allen Faces More Fallout After NSA Contractor’s Arrest” published on October 05, 2016, Wsj.com published: “Booz Allen Hamilton Launches External Security Review in Wake of Harold Martin …” on October 27, 2016. More interesting news about Booz Allen Hamilton Holding Corporation (NYSE:BAH) were released by: Wsj.com and their article: “Booz Allen Hamilton Profit, Sales Climb as Backlog Reaches Record” published on May 18, 2016 as well as Investorplace.com‘s news article titled: “Booz Allen Hamilton Holding Corporation (BAH) Stock Falls on NSA Contractor’s …” with publication date: October 06, 2016.
BAH Company Profile
Booz Allen Hamilton Holding Corporation, incorporated on May 12, 2008, is a holding company. The Firm is a well-known provider of management and technology, consulting and engineering services to the United States and international governments, firms and not-for-profit organizations. The Company’s client base includes government, commercial and international clients. The Company’s commercial clients in the United States are primarily in the financial services, healthcare and life sciences, energy, high-technology manufacturing, retail, and automotive industries. The Company’s international clients are primarily in the Middle East, along with a presence in Southeast Asia.
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