Booz Allen Receives a Buy from Cowen & Co.

By Ryan Adsit

Cowen & Co. analyst Cai Rumohr reiterated a Buy rating on Booz Allen (NYSE: BAH) today and set a price target of $43. The company’s shares closed last Friday at $35.95.

According to TipRanks.com, Rumohr is a 4-star analyst with an average return of 10.4% and a 68.1% success rate. Rumohr covers the Industrial Goods sector, focusing on stocks such as American Outdoor Brands Corp, United Technologies Corp, and General Dynamics Corp.

Booz Allen has an analyst consensus of Strong Buy, with a price target consensus of $40.67.

Based on Booz Allen’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $1.4 billion and quarterly net profit of $54.98 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.