Drexel Hamilton Downgrades Booz Allen to Hold

By Ryan Adsit

In a report released today, Brian Ruttenbur from Drexel Hamilton downgraded Booz Allen (NYSE: BAH) to Hold. The company’s shares closed yesterday at $39.33, close to its 52-week high of $39.68.

According to TipRanks.com, Ruttenbur is a 4-star analyst with an average return of 13.2% and a 80.0% success rate. Ruttenbur covers the Technology sector, focusing on stocks such as Verint Systems Inc, Mercury Computer, and Mentor Graphics.

Booz Allen has an analyst consensus of Moderate Buy, with a price target consensus of $43.

Based on Booz Allen’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $1.58 billion and quarterly net profit of $65.99 million. In comparison, last year the company earned revenue of $1.42 billion and had a net profit of $65.11 million.

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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. The company was founded by Edwin Booz in 1914 and is headquartered in McLean, VA.