Exclusive: What’s Next for Booz Allen Hamilton Holding Corporation After Making 52-Week High?

Exclusive: What's Next for Booz Allen Hamilton Holding Corporation After Making 52 Week High?

The stock of Booz Allen Hamilton Holding Corporation (NYSE:BAH) hit a new 52-week high and has $46.46 target or 32.00% above today’s $35.20 share price. The 8 months bullish chart indicates low risk for the $5.38B company. The 1-year high was reported on Nov, 14 by Barchart.com. If the $46.46 price target is reached, the company will be worth $1.72 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 71,886 shares traded hands. Booz Allen Hamilton Holding Corporation (NYSE:BAH) has risen 21.57% since April 12, 2016 and is uptrending. It has outperformed by 16.59% 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 -11.45% below today’s ($35.2) stock price. Booz Allen Hamilton Holding Corporation has been the topic of 14 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The rating was downgraded by Morgan Stanley on Friday, September 11 to “Underweight”. The firm has “Buy” rating by Jefferies given on Wednesday, January 20. RBC Capital Markets maintained the stock with “Outperform” rating in Thursday, July 30 report. As per Thursday, October 29, the company rating was maintained by Stifel Nicolaus. BB&T Capital initiated the shares of BAH in a report on Tuesday, July 28 with “Buy” rating. The firm has “Neutral” rating by Bank of America given on Monday, November 2. The rating was upgraded by William Blair to “Outperform” on Tuesday, December 22. Zacks upgraded the stock to “Hold” rating in Tuesday, August 4 report. The stock of Booz Allen Hamilton Holding Corporation (NYSE:BAH) earned “Market Perform” rating by Raymond James on Tuesday, April 12. The stock of Booz Allen Hamilton Holding Corporation (NYSE:BAH) earned “Outperform” rating by Wells Fargo on Thursday, January 7.

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 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.
Palisade Cap Ltd Limited Liability Company Nj holds 16,847 shares or 0.02% of its portfolio. Moreover, Wellington Llp has 0.01% invested in Booz Allen Hamilton Holding Corporation (NYSE:BAH) for 1.63 million shares. Springbok Cap Management Llc holds 0% or 1,100 shares in its portfolio. Wells Fargo And Company Mn holds 185,576 shares or 0% of its portfolio. Prudential Financial holds 0% or 62,624 shares in its portfolio. Alliancebernstein Ltd Partnership has invested 0.11% of its portfolio in Booz Allen Hamilton Holding Corporation (NYSE:BAH). Thrivent For Lutherans reported 1.11 million shares or 0.16% of all its holdings. Hilton Capital Management Ltd Llc holds 1.68% of its portfolio in Booz Allen Hamilton Holding Corporation (NYSE:BAH) for 179,503 shares. State Of Wisconsin Board has invested 0.01% of its portfolio in Booz Allen Hamilton Holding Corporation (NYSE:BAH). D E Shaw And holds 209,701 shares or 0.01% of its portfolio. Paloma Prns Mgmt Co has 28,083 shares for 0.01% of their US portfolio. Marshall Wace Limited Liability Partnership, a United Kingdom-based fund reported 1.02 million shares. Moreover, Victory Cap Mgmt Inc has 0.36% invested in Booz Allen Hamilton Holding Corporation (NYSE:BAH) for 3.06 million shares. Blackrock Group Incorporated Ltd holds 344,999 shares or 0.01% of its portfolio. Millennium Mgmt Ltd Liability Corp last reported 593,083 shares in the company.

Insider Transactions: Since May 25, 2016, the stock had 1 insider buy, and 7 sales for $372.92 million net activity. LOGUE JOSEPH sold 16,223 shares worth $511,025. EXPLORER COINVEST LLC sold 13.00 million shares worth $364.13 million. Cook Kevin L sold $932,979 worth of stock or 31,992 shares. 60,000 shares were sold by MAHAFFEE JOSEPH W, worth $1.92 million. 28 shares were bought by Penfield Susan L, worth $827.

More important 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 published article titled: “Booz Allen Faces More Fallout After NSA Contractor’s Arrest”, 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) was released by: Seekingalpha.com and their article: “Booz Allen Hamilton Holding (BAH) Q2 2017 Results – Earnings Call Transcript” with publication date: November 02, 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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