Booz Allen Hamilton Holding Corp (BAH) Receives Strong Buy Rating from Stifel Nicolaus Analyst

By Don Francis, Editor
July 30, 2023 5:43 AM UTC
Booz Allen Hamilton Holding Corp (BAH) Receives Strong Buy Rating from Stifel Nicolaus Analyst

Stifel Nicolaus's Bert Subin raised their price target on Booz Allen Hamilton Holding Corp (NYSE: BAH) by 1.60% from $125.00 to $127.00 on 2023/07/28. The analyst maintained their Strong Buy rating on the stock.

According to Subin, Booz Allen has a "fairly easy setup" and is expected to meet its guidance targets for FY 2024. This assessment comes after reviewing Booz Allen's Q1 2024 earnings report, which was released on July 28, 2023.

In an interesting move, management did not raise its guidance but instead reaffirmed everything except cash flow from operations. The adjustment in cash flow reflects a recent legal settlement, as reported by Subin.

Despite this development, Subin emphasized that Booz Allen's momentum remains solid, and the company is experiencing its fastest growth rate in its public history. This positive trajectory has led 100.00% of top-rated analysts to currently rate BAH as a Strong Buy, with no analysts calling it a Buy or a Hold. Additionally, no analysts recommend or strongly recommend selling the stock.

The consensus forecast among analysts is that BAH's upcoming year will deliver earnings per share (EPS) of $3.43. If this prediction holds true, BAH's next yearly EPS will experience a significant increase of 54.66% on a year-over-year basis.

Booz Allen's stock price has shown substantial growth since its last quarterly report. It has surged by 76.19% during this period and has also seen a year-over-year increase of 26.45%. Notably, Booz Allen has outperformed the S&P 500, which has recorded a more modest increase of 12.52% over the same timeframe.

Bert Subin, the analyst behind these ratings, is ranked by WallStreetZen in the top 21% out of 4,285 Wall Street analysts. With an average return of 7.69% and a 70.37% win rate, Subin specializes in the Technology and Industrials sectors.

Booz Allen Hamilton Holding Corporation is the parent company of Booz Allen Hamilton Inc., a renowned management and information technology consulting firm. The company offers consulting and analysis services to public and private sector organizations, as well as nonprofits. Booz Allen also provides cloud computing and cybersecurity consulting, along with engineering consulting. Established in 1914, Booz Allen is headquartered in McLean, VA.

Many investors find analysts' recommendations and price targets to be useful data points. However, different investors have different priorities and risk profiles. All investors should conduct their own investment due diligence before buying a stock.

Get notified when Wall Street analysts change their price targets for Booz Allen Hamilton Holding

WallStreetZen tracks the performance of nearly 4,000 Wall Street analysts, whom we rank by average returns, frequency, and win-rate (backtested over multiple years).

Create a free watchlist and be the first to know when top-rated Wall Street analysts revise their BAH stock forecast.

Want to get in touch? Email us at news@wallstreetzen.com.

WallStreetZen and Don Francis do not hold any positions in the companies mentioned in this article. The information and statistics provided herein are presented for general informational purposes only and may not be accurate, complete, or up-to-date. It should not be interpreted as a recommendation to buy or sell any stocks and should not be solely relied upon for making investment decisions. It does not take into account your financial situation or risk profile. All investors should conduct their own investment due diligence before buying a stock. WallStreetZen expressly disclaims any liability for the accuracy, reliability, or completeness of the analysts' information, price targets, ratings, or opinions.

WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.