Cowen & Co. analyst Cai Rumohr maintained a Buy rating on Booz Allen (NYSE: BAH) today and set a price target of $54. The company’s shares closed yesterday at $45.23, close to its 52-week high of $45.73.
According to TipRanks.com, Rumohr is a 5-star analyst with an average return of 17.5% and a 72.9% success rate. Rumohr covers the Consumer Goods sector, focusing on stocks such as General Dynamics Corp, L3 Technologies Inc, and Spirit AeroSystems.
Booz Allen has an analyst consensus of Moderate Buy, with a price target consensus of $50.67.
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Based on Booz Allen’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $84.92 million. In comparison, last year the company had a net profit of $65.99 million.
Based on the recent corporate insider activity of 97 insiders, corporate insider sentiment is negative on the stock. Earlier this month, Joseph Logue, the EVP of BAH sold 72,000 shares for a total of $3,256,002.
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.
