After William Blair and Raymond James gave Booz Allen (NYSE: BAH) a Buy rating last month, the company received another Buy, this time from Cowen & Co. Analyst Cai von Rumohr maintained a Buy rating on Booz Allen today. The company’s shares closed last Monday at $82.87.
According to TipRanks.com, Rumohr is a 4-star analyst with an average return of 2.5% and a 57.7% success rate. Rumohr covers the Technology sector, focusing on stocks such as Raytheon Technologies, Science Applications, and Caci International.
Booz Allen has an analyst consensus of Strong Buy, with a price target consensus of $95.25, which is a 15.4% upside from current levels. In a report issued on June 6, Morgan Stanley also maintained a Buy rating on the stock with a $100.00 price target.
Based on Booz Allen’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $2.24 billion and net profit of $90.72 million. In comparison, last year the company earned revenue of $1.98 billion and had a net profit of $199 million.
Based on the recent corporate insider activity of 52 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BAH in relation to earlier this year. Last month, Karen Dahut, the EVP of BAH sold 97,761 shares for a total of $8,258,849.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Booz Allen Hamilton Holding Corp. engages in the provision of management and technology consulting services. It offers analytics, digital solutions, engineering, and cyber expertise. The company was founded by Edwin Booz in 1914 and is headquartered in McLean, VA.
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