In a report released today, Cai Rumohr from Cowen & Co. maintained a Buy rating on Booz Allen (BAH), with a price target of $71. The company’s shares closed on Friday at $69.20, close to its 52-week high of $69.25.
According to TipRanks.com, Rumohr is a 5-star analyst with an average return of 14.7% and a 71.7% success rate. Rumohr covers the Consumer Goods sector, focusing on stocks such as American Outdoor Brands Corp, General Dynamics Corp, and Spirit AeroSystems.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Booz Allen with a $68.14 average price target.
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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 $89.8 million. In comparison, last year the company had a net profit of $104 million.
Based on the recent corporate insider activity of 66 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 offers analytics, digital solutions, engineering, and cyber expertise. The company was founded by Edwin Booz in 1914 and is headquartered in McLean, VA.
