Worth Watching: Will Booz Allen Hamilton Holding Corporation Run Out of Steam Soon?

Worth Watching: Will Booz Allen Hamilton Holding Corporation Run Out of Steam Soon?

The stock of Booz Allen Hamilton Holding Corporation (NYSE:BAH) hit a new 52-week high and has $37.51 target or 4.00% above today’s $36.07 share price. The 9 months bullish chart indicates low risk for the $5.39 billion company. The 1-year high was reported on Nov, 22 by Barchart.com. If the $37.51 price target is reached, the company will be worth $215.60 million 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 62,812 shares traded hands. Booz Allen Hamilton Holding Corporation (NYSE:BAH) has risen 27.37% since April 20, 2016 and is uptrending. It has outperformed by 22.81% the S&P500.

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 -13.58% below today’s ($36.07) 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 has “Outperform” rating given by Raymond James on Thursday, October 6. The firm earned “Market Perform” rating on Tuesday, April 12 by Raymond James. On Friday, November 18 the stock rating was upgraded by Bank of America to “Buy”. The company was maintained on Thursday, October 29 by Stifel Nicolaus. Wells Fargo upgraded Booz Allen Hamilton Holding Corporation (NYSE:BAH) on Thursday, January 7 to “Outperform” rating. The stock of Booz Allen Hamilton Holding Corporation (NYSE:BAH) has “Buy” rating given on Wednesday, January 20 by Jefferies. William Blair upgraded the stock to “Outperform” rating in Tuesday, December 22 report. RBC Capital Markets maintained the shares of BAH in a report on Thursday, October 29 with “Outperform” rating. The rating was maintained by RBC Capital Markets with “Outperform” on Thursday, January 28. Morgan Stanley downgraded the shares of BAH in a report on Friday, September 11 to “Underweight” rating.

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 Q2 2016. Its down 0.74, from 1.64 in 2016Q1. The ratio turned negative, 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.
Adage Partners Gp Ltd has 0.02% invested in the company for 204,559 shares. Macquarie Grp Ltd has invested 0.01% of its portfolio in Booz Allen Hamilton Holding Corporation (NYSE:BAH). Bamco reported 3.61M shares or 0.57% of all its holdings. Moreover, Tudor Et Al has 0.01% invested in Booz Allen Hamilton Holding Corporation (NYSE:BAH) for 16,479 shares. Meeder Asset Mgmt holds 0.01% of its portfolio in Booz Allen Hamilton Holding Corporation (NYSE:BAH) for 3,842 shares. Parametric Portfolio Assoc Ltd Com accumulated 348,420 shares or 0.02% of the stock. Tygh Capital Management has invested 1.36% of its portfolio in Booz Allen Hamilton Holding Corporation (NYSE:BAH). Bluemountain Capital Lc has invested 0.02% of its portfolio in Booz Allen Hamilton Holding Corporation (NYSE:BAH). Blackrock Japan Communications Ltd holds 0.01% or 82,709 shares in its portfolio. Raymond James Services has 0% invested in the company for 9,369 shares. Axiom Investors Limited Com De accumulated 47,549 shares or 0.04% of the stock. Carlyle L P has 8.24% invested in the company for 15.99M shares. Jpmorgan Chase & accumulated 0% or 314,371 shares. Moreover, Tfs Limited Liability Co has 0.07% invested in Booz Allen Hamilton Holding Corporation (NYSE:BAH) for 13,060 shares. Employees Retirement Association Of Colorado has invested 0% of its portfolio in Booz Allen Hamilton Holding Corporation (NYSE:BAH).

Insider Transactions: Since May 25, 2016, the stock had 1 insider buy, and 6 insider sales for $371.99 million net activity. EXPLORER COINVEST LLC had sold 13.00 million shares worth $364.13 million on Friday, May 27. 60,000 shares were sold by MAHAFFEE JOSEPH W, worth $1.92M on Wednesday, November 2. Shares for $2.12 million were sold by LOGUE JOSEPH on Wednesday, November 9. Cook Kevin L had sold 31,992 shares worth $932,979 on Wednesday, May 25. On Thursday, June 30 Penfield Susan L bought $827 worth of the 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 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: Forbes.com and their article: “Ex-Dividend Reminder: International Game Technology, Booz Allen Hamilton …” published on August 04, 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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment