The stock of Booz Allen Hamilton Holding Corporation (NYSE:BAH) hit a new 52-week high and has $50.04 target or 51.00% above today’s $33.14 share price. The 7 months bullish chart indicates low risk for the $4.95B company. The 1-year high was reported on Nov, 9 by Barchart.com. If the $50.04 price target is reached, the company will be worth $2.52B 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 459,477 shares traded hands. Booz Allen Hamilton Holding Corporation (NYSE:BAH) has risen 8.70% since April 7, 2016 and is uptrending. It has outperformed by 3.92% 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 -5.94% below today’s ($33.14) stock price. Booz Allen Hamilton Holding Corporation has been the topic of 14 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The stock of Booz Allen Hamilton Holding Corporation (NYSE:BAH) has “Buy” rating given on Wednesday, January 20 by Jefferies. RBC Capital Markets maintained the stock with “Outperform” rating in Thursday, October 29 report. Raymond James upgraded the shares of BAH in a report on Thursday, October 6 to “Outperform” rating. Stifel Nicolaus maintained the shares of BAH in a report on Thursday, October 29 with “Buy” rating. The rating was downgraded by Raymond James to “Market Perform” on Tuesday, April 12. The stock of Booz Allen Hamilton Holding Corporation (NYSE:BAH) has “Outperform” rating given on Tuesday, December 22 by William Blair. The firm has “Hold” rating given on Tuesday, August 4 by Zacks. The rating was maintained by RBC Capital Markets with “Outperform” on Thursday, July 30. As per Tuesday, July 28, the company rating was initiated by BB&T Capital. The company was upgraded on Thursday, January 7 by Wells Fargo.
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 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.
Loomis Sayles Com Lp reported 1.39 million shares or 0.11% of all its holdings. Coe Cap Limited holds 0% of its portfolio in Booz Allen Hamilton Holding Corporation (NYSE:BAH) for 59,276 shares. Glenmede Tru Company Na holds 18,863 shares or 0% of its portfolio. Neuberger Berman Group Limited Com reported 9,074 shares or 0% of all its holdings. Marshall Wace Llp reported 1.02M shares or 0.25% of all its holdings. Quantbot Technology Limited Partnership has 0.04% invested in the company for 12,709 shares. Commonwealth Comml Bank Of Aus holds 0.01% or 15,200 shares in its portfolio. Bamco Ny reported 3.61 million shares or 0.57% of all its holdings. Paloma Partners Management reported 28,083 shares or 0.01% of all its holdings. Glg Prtnrs Ltd Partnership has 27,295 shares for 0.02% of their US portfolio. Jefferies Gru, a New York-based fund reported 17,534 shares. Moreover, Gotham Asset Mgmt Lc has 0.05% invested in Booz Allen Hamilton Holding Corporation (NYSE:BAH) for 127,804 shares. Gerstein Fisher owns 19,261 shares or 0.07% of their US portfolio. D E Shaw And Company Inc last reported 209,701 shares in the company. Sei Invs holds 0.07% of its portfolio in Booz Allen Hamilton Holding Corporation (NYSE:BAH) for 366,042 shares.
Insider Transactions: Since May 25, 2016, the stock had 1 insider purchase, and 6 selling transactions for $370.80 million net activity. Cook Kevin L also sold $932,979 worth of Booz Allen Hamilton Holding Corporation (NYSE:BAH) shares. EXPLORER COINVEST LLC also sold $364.13 million worth of Booz Allen Hamilton Holding Corporation (NYSE:BAH) shares. The insider LOGUE JOSEPH sold $1.92M. The insider Penfield Susan L bought $827. The insider MAHAFFEE JOSEPH W sold 60,000 shares worth $1.92M.
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 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 Profit, Sales Climb as Backlog Reaches Record” on May 18, 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 Forbes.com‘s news article titled: “Ex-Dividend Reminder: International Game Technology, Booz Allen Hamilton …” with publication date: August 04, 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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