In a report released today, Cai Rumohr from Cowen & Co. assigned a Buy rating to Booz Allen (NYSE: BAH), with a price target of $50. The company’s shares closed on Friday at $41.79, close to its 52-week high of $42.
According to TipRanks.com, Rumohr is a 5-star analyst with an average return of 17.4% and a 76.0% success rate. Rumohr covers the Consumer Goods sector, focusing on stocks such as American Outdoor Brands Corp, General Dynamics Corp, and L3 Technologies Inc.
Booz Allen has an analyst consensus of Moderate Buy, with a price target consensus of $50.
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Based on Booz Allen’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $69.15 million. In comparison, last year the company had a net profit of $65.99 million.
Based on the recent corporate insider activity of 92 insiders, corporate insider sentiment is negative on the stock.
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Booz Allen Hamilton Holding Corp. engages in the provision of management and technology consulting services. It also develops the scope and scale of its capabilities in engineering services. Its services include cyber solutions, enterprise effectiveness and efficiency, re-imagining infrastructure and cloud based services.
