Babcock (NYSE:BW) Receives $14.25 Average PT from Analysts

Babcock (NYSE:BW) has received an average recommendation of “Hold” from the six brokerages that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $14.25.

Several equities research analysts recently issued reports on the stock. Northland Securities set a $23.00 price target on shares of Babcock in a research note on Tuesday, May 12th. Craig Hallum reissued a “buy” rating and issued a $19.00 target price on shares of Babcock in a research report on Tuesday, March 17th. Wall Street Zen downgraded shares of Babcock from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Babcock in a research report on Monday, April 20th.

Babcock Price Performance

Babcock stock opened at $14.83 on Friday. Babcock has a 12-month low of $0.87 and a 12-month high of $22.03. The company has a market capitalization of $2.21 billion, a price-to-earnings ratio of -16.85 and a beta of 1.10. The firm’s fifty day moving average price is $17.28 and its 200 day moving average price is $12.67.

Babcock (NYSE:BW) last released its quarterly earnings results on Monday, May 11th. The technology company reported ($0.60) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.57). The company had revenue of $214.41 million for the quarter, compared to analysts’ expectations of $149.72 million. Analysts forecast that Babcock will post 0.31 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Babcock

Several hedge funds and other institutional investors have recently modified their holdings of BW. Marshall Wace LLP increased its position in shares of Babcock by 93.0% in the 2nd quarter. Marshall Wace LLP now owns 395,945 shares of the technology company’s stock worth $380,000 after purchasing an additional 190,814 shares during the last quarter. Nomura Holdings Inc. increased its position in shares of Babcock by 58.2% in the 2nd quarter. Nomura Holdings Inc. now owns 127,382 shares of the technology company’s stock worth $123,000 after purchasing an additional 46,884 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Babcock by 54.3% in the 3rd quarter. Vanguard Group Inc. now owns 4,423,243 shares of the technology company’s stock worth $12,827,000 after purchasing an additional 1,556,692 shares during the last quarter. Palumbo Wealth Management LLC bought a new stake in shares of Babcock in the 3rd quarter worth about $625,000. Finally, Jefferies Financial Group Inc. bought a new stake in shares of Babcock in the 3rd quarter worth about $74,000. Institutional investors own 83.17% of the company’s stock.

Babcock Company Profile

Babcock & Wilcox Enterprises, Inc (NYSE: BW) is a specialized provider of energy and environmental technologies and services serving power generation and heavy industrial markets. The company designs, manufactures and maintains critical components and systems that support the safe and efficient operation of both fossil-fuel and renewable power facilities. Its core offerings include industrial and utility boilers, environmental control systems for emissions reduction, and aftermarket support services ranging from inspection and maintenance to spare parts management.

In addition to its boiler and emissions control portfolio, Babcock & Wilcox Enterprises delivers lifecycle solutions aimed at enhancing plant performance and compliance.