Booz Allen was Downgraded to a Hold Rating at Jefferies

By Carrie Williams

Jefferies analyst Howard Rubel downgraded Booz Allen (NYSE: BAH) to Hold today. The company’s shares closed on Friday at $33.83.

According to TipRanks.com, Rubel is a top 25 analyst with an average return of 18.7% and a 84.2% success rate. Rubel covers the Consumer Goods sector, focusing on stocks such as Teledyne Technologies Inc, General Dynamics Corp, and Orbital Sciences Corp.

Booz Allen has an analyst consensus of Hold, with a price target consensus of $40.50.

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 $67.25 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.