Raymond James Downgrades Booz Allen Hamilton Holding Corporation to Market Perform

Brokerage firm Raymond James Downgrades its rating on Booz Allen Hamilton Holding Corporation(NYSE:BAH). The shares have been rated Market Perform. Previously, the analysts had a Outperform rating on the shares. The rating by Raymond James was issued on Apr 12, 2016.

In a different note, Jefferies said it Initiates Coverage on Booz Allen Hamilton Holding Corporation, according to a research note issued on Jan 20, 2016. The shares have been rated ‘Buy’ by the firm.

Booz Allen Hamilton Holding Corporation (BAH) made into the market gainers list on Fridays trading session with the shares advancing 0.04% or 0.01 points. Due to strong positive momentum, the stock ended at $28.36, which is also near the day’s high of $28.48. The stock began the session at $28.35 and the volume stood at 4,70,916 shares. The 52-week high of the shares is $31.34 and the 52 week low is $23.87. The company has a current market capitalization of $4,220 M and it has 14,87,88,170 shares in outstanding.

Booz Allen Hamilton Holding Corporation(BAH) last announced its earnings results on Jan 27, 2016 for Fiscal Year 2016 and Q3.Company reported revenue of $1.31B. Analysts had an estimated revenue of $1.32B. Earnings per share were $0.41. Analysts had estimated an EPS of $0.40.

Several Insider Transactions has been reported to the SEC. On Mar 8, 2016, Kevin L Cook (EVP and CFO) sold 28,000 shares at $28.45 per share price.Also, On Sep 16, 2015, Lloyd Jr Howell (Executive Vice President) sold 28,555 shares at $26.83 per share price.On Sep 15, 2015, Joseph Logue (Executive Vice President) sold 22,510 shares at $26.47 per share price, according to the Form-4 filing with the securities and exchange commission.

Booz Allen Hamilton Holding Corporation is a management consulting company. The Company provides management consulting technology and engineering services to the United States Government in the defense intelligence and civil markets. It also provides management and technology consulting services to major corporations institutions not-for-profit organizations and international clients. Its client base includes the cabinet-level departments of the United States Government clients in selected commercial markets and international clients. Major government clients include the Department of Defense all branches of the United States military the United States Intelligence Community and civil agencies such as the Department of Homeland Security the Department of Health and Human Services and the Department of the Treasury. In the commercial sector the Company serves the United States clients primarily in the financial services healthcare energy retail and automotive markets.

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