Worth Watching: Booz Allen Hamilton Holding Corporation’s Stock Is Buy After Achieving 52-Week High

Worth Watching: Booz Allen Hamilton Holding Corporation's Stock Is Buy After Achieving 52 Week High

The stock of Booz Allen Hamilton Holding Corporation (NYSE:BAH) hit a new 52-week high and has $44.20 target or 39.00% above today’s $31.80 share price. The 8 months bullish chart indicates low risk for the $4.72 billion company. The 1-year high was reported on Nov, 3 by Barchart.com. If the $44.20 price target is reached, the company will be worth $1.84 billion 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 796,535 shares traded hands. Booz Allen Hamilton Holding Corporation (NYSE:BAH) has risen 2.09% since April 1, 2016 and is uptrending. It has outperformed by 0.88% the S&P500.

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

Out of 9 analysts covering Booz Allen Hamilton Holding Corporation (NYSE:BAH), 7 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 78% are positive. $35 is the highest target while $23 is the lowest. The $31.17 average target is -1.98% below today’s ($31.8) stock price. Booz Allen Hamilton Holding Corporation has been the topic of 14 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating given on Thursday, October 6 by Raymond James. On Wednesday, January 20 the stock rating was initiated by Jefferies with “Buy”. The stock of Booz Allen Hamilton Holding Corporation (NYSE:BAH) earned “Outperform” rating by Wells Fargo on Thursday, January 7. The firm has “Hold” rating given on Tuesday, August 4 by Zacks. The firm has “Neutral” rating given on Monday, November 2 by Bank of America. The stock of Booz Allen Hamilton Holding Corporation (NYSE:BAH) has “Underweight” rating given on Friday, September 11 by Morgan Stanley. The rating was initiated by BB&T Capital on Tuesday, July 28 with “Buy”. The company was downgraded on Tuesday, April 12 by Raymond James. The stock of Booz Allen Hamilton Holding Corporation (NYSE:BAH) has “Outperform” rating given on Tuesday, December 22 by William Blair. The stock has “Outperform” rating given by RBC Capital Markets on Thursday, January 28.

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 is positive, 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.
State Of Wisconsin Inv Board accumulated 74,019 shares or 0.01% of the stock. Art Advsrs Ltd Liability Co reported 57,665 shares or 0.09% of all its holdings. Los Angeles Mngmt Equity Research owns 360,716 shares or 0.09% of their US portfolio. Jefferies Group Inc Inc Llc has 0% invested in the company for 17,534 shares. California State Teachers Retirement has 240,619 shares for 0.02% of their US portfolio. Aperio Group Incorporated Limited holds 0% or 17,894 shares in its portfolio. Artemis Invest Ltd Liability Partnership has 4.05 million shares for 1.95% of their US portfolio. Bluecrest Mngmt Ltd owns 10,440 shares or 0.01% of their US portfolio. Tygh has 163,655 shares for 1.36% of their US portfolio. Utah Retirement Sys last reported 0.02% of its portfolio in the stock. Millennium Ltd Liability Corp reported 593,083 shares or 0.04% of all its holdings. Da Davidson & has invested 0.01% of its portfolio in Booz Allen Hamilton Holding Corporation (NYSE:BAH). The California-based California Pub Employees Retirement has invested 0.01% in Booz Allen Hamilton Holding Corporation (NYSE:BAH). Teacher Retirement Sys Of Texas holds 18,765 shares or 0% of its portfolio. Alliancebernstein Lp last reported 0.11% of its portfolio in the stock.

Insider Transactions: Since May 25, 2016, the stock had 1 insider buy, and 4 sales for $366.96 million net activity. 31,992 Booz Allen Hamilton Holding Corporation (NYSE:BAH) shares with value of $932,979 were sold by Cook Kevin L. 16,223 shares with value of $511,025 were sold by LOGUE JOSEPH on Wednesday, July 27. On Friday, May 27 EXPLORER COINVEST LLC sold $364.13 million worth of the stock or 13.00M shares. Penfield Susan L bought $827 worth of stock or 28 shares.

More notable recent Booz Allen Hamilton Holding Corporation (NYSE:BAH) news were published by: Wsj.com which released: “Booz Allen Hamilton Launches External Security Review in Wake of Harold Martin …” on October 27, 2016, also Seekingalpha.com with their article: “Booz Allen Hamilton Holding (BAH) Q2 2017 Results – Earnings Call Transcript” published on November 02, 2016, Businesswire.com published: “Booz Allen Hamilton Announces Second Quarter Fiscal 2017 Results” on November 02, 2016. More interesting news about Booz Allen Hamilton Holding Corporation (NYSE:BAH) were released by: Investorplace.com and their article: “Booz Allen Hamilton Holding Corporation (BAH) Stock Falls on NSA Contractor’s …” published on October 06, 2016 as well as Wsj.com‘s news article titled: “Booz Allen Faces More Fallout After NSA Contractor’s Arrest” with publication date: October 05, 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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