Somewhat Positive News Coverage Somewhat Unlikely to Affect Babcock (BW) Stock Price
Media headlines about Babcock (NYSE:BW) have trended somewhat positive on Friday, according to Accern. The research group identifies negative and positive news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Babcock earned a news sentiment score of 0.15 on Accern’s scale. Accern also gave headlines about the technology company an impact score of 45.9873801185575 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the news headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Brokers Offer Predictions for Babcock’s Q3 2017 Earnings (BW) (americanbankingnews.com)
- KeyCorp Weighs in on Babcock’s FY2019 Earnings (BW) (americanbankingnews.com)
- Analyzing Hydrogenics Corporation (HYGS) & Babcock (BW) (americanbankingnews.com)
- Babcock (BW) Sees Large Increase in Short Interest (americanbankingnews.com)
BW has been the subject of several recent research reports. BidaskClub downgraded Babcock from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Zacks Investment Research raised Babcock from a “hold” rating to a “buy” rating and set a $13.00 price objective for the company in a research note on Monday, July 3rd. UBS AG downgraded Babcock from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $13.00 to $3.00 in a research note on Monday, August 14th. Credit Suisse Group AG lowered their price objective on Babcock from $10.00 to $3.70 and set an “underperform” rating for the company in a research note on Friday, August 11th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Babcock in a research note on Friday, September 22nd. Three research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. The stock currently has an average rating of “Hold” and an average price target of $7.18.
Babcock (BW) traded up 1.60% during mid-day trading on Friday, reaching $3.81. 1,597,646 shares of the company’s stock were exchanged. Babcock has a one year low of $2.51 and a one year high of $17.72. The stock has a 50-day moving average of $3.41 and a 200-day moving average of $3.41. The stock’s market cap is $186.23 million.
Babcock (NYSE:BW) last posted its earnings results on Wednesday, August 9th. The technology company reported ($2.63) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($2.68). Babcock had a negative net margin of 14.41% and a negative return on equity of 35.95%. The business had revenue of $349.80 million for the quarter, compared to analysts’ expectations of $434.34 million. During the same period last year, the firm posted ($0.20) earnings per share. Babcock’s quarterly revenue was down 8.7% on a year-over-year basis. On average, equities research analysts anticipate that Babcock will post ($2.51) earnings per share for the current year.
In other news, major shareholder Vintage Capital Management Llc purchased 1,686,945 shares of Babcock stock in a transaction that occurred on Thursday, September 14th. The shares were bought at an average cost of $3.10 per share, with a total value of $5,229,529.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.50% of the stock is owned by corporate insiders.
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Babcock Company Profile
Babcock & Wilcox Enterprises, Inc is a technology-based provider of fossil and renewable power generation and environmental equipment that includes a suite of boiler products and environmental systems, and services for power and industrial uses. The Company operates in three segments: Power, Renewable and Industrial.
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