Babcock (NYSE:BW) Receives Average Recommendation of “Hold” from Brokerages

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

BW has been the topic of a number of analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Babcock in a report on Monday, April 20th. Northland Securities set a $23.00 target price on Babcock in a research report on Tuesday, May 12th. Finally, Wall Street Zen cut Babcock from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Huntington National Bank raised its holdings in shares of Babcock by 400,000.0% during the fourth quarter. Huntington National Bank now owns 4,001 shares of the technology company’s stock valued at $25,000 after acquiring an additional 4,000 shares in the last quarter. Rockefeller Capital Management L.P. purchased a new position in shares of Babcock during the fourth quarter valued at approximately $25,000. Royal Bank of Canada boosted its holdings in Babcock by 57.3% in the first quarter. Royal Bank of Canada now owns 1,785 shares of the technology company’s stock worth $26,000 after acquiring an additional 650 shares in the last quarter. Centiva Capital LP bought a new stake in Babcock during the 3rd quarter valued at about $31,000. Finally, Raymond James Financial Inc. raised its holdings in Babcock by 11,311.3% in the 3rd quarter. Raymond James Financial Inc. now owns 12,096 shares of the technology company’s stock worth $35,000 after acquiring an additional 11,990 shares during the last quarter. Hedge funds and other institutional investors own 83.17% of the company’s stock.

Babcock Price Performance

Shares of NYSE:BW opened at $10.88 on Thursday. Babcock has a 1 year low of $0.87 and a 1 year high of $22.03. The business has a fifty day moving average price of $16.13 and a two-hundred day moving average price of $13.31. The company has a market capitalization of $1.62 billion, a PE ratio of -12.37 and a beta of 1.16.

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

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.