On Thursday, equity research analysts working for StockNews.com began covering shares of Booz Allen Hamilton and delivered their research report to clients and investors.
In addition, Booz Allen Hamilton shares were added to StockNews.com’s coverage universe (NYSE: BAH).
The brokerage firm has assigned a “hold” rating to the company’s shares.
This company is in the business of providing business services.
BAH stock began trading for the first time on Thursday, and the opening price for the stock was $90.24.
The moving averages for the company over the past 50 days come in at $95.41, and over the last 200 days, they come in at $99.40.
Booz Allen Hamilton hit a low point over the past year of operations of $76.60, while the company reached a high point throughout $112.55.
A market capitalization of $11.94 billion, a price-to-earnings ratio of 28.02, a price-to-earnings-to-growth ratio of 2.28, and a beta coefficient of 0.60 characterize the company.
The debt-to-equity ratio is calculated to be 2.31, the quick ratio is calculated to be 1.44, and the current ratio is also calculated to be 1.44.
There have been numerous additional analysts that have contributed their writings on the stock.
In a research note published on February 2, Morgan Stanley decreased their target price on Booz Allen Hamilton shares from $118.00 to $116.00.
Despite this modification, the company maintains its recommendation of an “overweight” position on the company’s stock. Wells Fargo & Company raised their Booz Allen Hamilton stock price objective from $109.00 to $110.00.
It changed its rating on the company’s stock from “underweight” to “equal weight” in a research report made public on February 1, 2019. Five market analysts are in favor of buying the stock, while four market analysts are in favor of keeping it in one’s portfolio.
At this time, the company is being recommended by analysts at Bloomberg, on average, with a rating of “Moderate Buy,” The price objective that has garnered the most consensus is $104.33.
In recent months, hedge funds have been active in the company’s stock market by buying and selling shares. YHB Investment Advisers INC increased the Booz Allen Hamilton stock owned by 0.5 percent from the previous quarter during the third quarter. YHB Investment Advisors INC now has 21,486 shares of the business services provider’s stock after purchasing an additional 100 shares during the period in question.
These 21,486 shares have a combined value of $1,984,000.
During the third quarter of 2018, Utah Retirement Systems increased the proportion of Booz Allen Hamilton stock owned by 0.4%. Utah Retirement Systems now has 23,441 shares of the business services provider’s stock after making an additional purchase of 100 shares during the most recent quarter.
These shares have a combined value of $2,165,000.
In the third quarter, Resonant Capital Advisors LLC added 1.5% more Booz Allen Hamilton stock to its holdings, bringing the total percentage of the company’s stock it owned to 19.5%.
After acquiring 105 shares of the business services provider’s stock during the most recent quarter, Resonant Capital Advisors LLC now holds 7,098 shares.
The price at which these shares are trading on the market right now is $660,000.
During the second quarter, Cetera Investment Advisers succeeded in achieving a 2.1% increase in the Booz Allen Hamilton stock held in its portfolio.
After purchasing an additional 113 shares during the most recent quarter, Cetera Investment Advisers now possesses 5,577 shares of the business services provider’s stock, valued at $504,000.
This brings the total number of shares the firm owns to 5,577.
And finally, during the third quarter, Central Trust increased the proportion of Booz Allen Hamilton stock that it held by 2.4 percent. Central Trust now holds 4,952 shares of the business services provider’s stock after purchasing an additional 115 shares during the most recent quarter.
The stock is currently valued at $470,000, and Central Trust’s holdings are worth $470,000.
The vast majority of the company’s stock is held by institutional investors and hedge funds to the tune of 90.68 percent.
The Booz Allen Hamilton Holding Corp.
Is an organization that works as a consultant in management and technology.
This organization focuses primarily on engineering, analytics, digital solutions, and cyber security.
Edwin Booz started the company in 1914, and ever since then, it has called the town of McLean in the state of Virginia home for its administrative offices.