Babcock (NYSE:BW) Coverage Initiated by Analysts at Northland Securities

Analysts at Northland Securities started coverage on shares of Babcock (NYSE:BW) in a research note issued to investors on Thursday. The brokerage set an “outperform” rating and a $10.00 price target on the technology company’s stock. Northland Securities’ price objective suggests a potential upside of 20.25% from the stock’s current price.

Other equities analysts have also recently issued research reports about the company. DA Davidson raised their target price on Babcock from $1.50 to $6.00 and gave the stock a “neutral” rating in a report on Wednesday, November 12th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Babcock in a research report on Wednesday, October 8th. Lake Street Capital restated a “buy” rating and set a $9.00 price objective on shares of Babcock in a report on Wednesday, November 5th. Craig Hallum raised shares of Babcock from a “hold” rating to a “buy” rating and set a $7.00 target price for the company in a research note on Wednesday, November 5th. Finally, Wall Street Zen raised shares of Babcock from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $8.00.

Babcock Stock Performance

BW traded up $0.09 during trading on Thursday, reaching $8.32. 432,400 shares of the company’s stock were exchanged, compared to its average volume of 3,300,635. The company’s fifty day moving average price is $6.40 and its 200-day moving average price is $3.87. The firm has a market capitalization of $923.91 million, a PE ratio of -6.36 and a beta of 1.43. Babcock has a fifty-two week low of $0.22 and a fifty-two week high of $8.83.

Babcock (NYSE:BW) last posted its quarterly earnings results on Tuesday, November 4th. The technology company reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.04. The company had revenue of $149.00 million during the quarter, compared to the consensus estimate of $155.57 million.

Institutional Trading of Babcock

Institutional investors have recently made changes to their positions in the business. Centiva Capital LP acquired a new position in Babcock during the third quarter worth $31,000. Raymond James Financial Inc. lifted its position in Babcock by 11,311.3% during the 3rd quarter. Raymond James Financial Inc. now owns 12,096 shares of the technology company’s stock worth $35,000 after buying an additional 11,990 shares in the last quarter. Ironwood Investment Management LLC boosted its stake in shares of Babcock by 7.8% during the 3rd quarter. Ironwood Investment Management LLC now owns 211,307 shares of the technology company’s stock worth $613,000 after buying an additional 15,308 shares during the last quarter. Sender Co & Partners Inc. bought a new position in shares of Babcock in the 3rd quarter valued at about $50,000. Finally, Platform Technology Partners acquired a new stake in shares of Babcock in the third quarter valued at about $54,000. 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.