Cowen & Co. Keeps a Buy Rating on Booz Allen

By Jason Carr

Cowen & Co. analyst Cai Rumohr reiterated a Buy rating on Booz Allen (NYSE: BAH) today. The company’s shares closed last Friday at $32.22.

Rumohr said:

“Since 6/15 announcement of a DoJ investigation, BAH stock has sold off $1B+ vs. a.”

According to TipRanks.com, Rumohr is a 4-star analyst with an average return of 10.3% and a 65.8% success rate. Rumohr covers the Consumer Goods sector, focusing on stocks such as General Dynamics Corp, Lockheed Martin Corp, and Spirit AeroSystems.

Booz Allen has an analyst consensus of Moderate Buy, with a price target consensus of $40.

The company has a one year high of $39.68 and a one year low of $27.47. Currently, Booz Allen has an average volume of 1.3M.

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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.,00BFKV-E