Babcock (NYSE:BW) Given Consensus Rating of “Hold” by Analysts

Shares of Babcock (NYSE:BW) have been assigned an average recommendation of “Hold” from the six analysts that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $14.25.

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

Babcock Price Performance

Shares of BW opened at $17.38 on Friday. The company has a market capitalization of $2.59 billion, a P/E ratio of -19.75 and a beta of 1.10. The firm has a 50 day moving average of $17.45 and a 200 day moving average of $12.36. Babcock has a twelve month low of $0.87 and a twelve month high of $22.03.

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

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in BW. Marshall Wace LLP raised its holdings in shares of Babcock by 93.0% during the second quarter. Marshall Wace LLP now owns 395,945 shares of the technology company’s stock valued at $380,000 after purchasing an additional 190,814 shares during the last quarter. Nomura Holdings Inc. raised its holdings in shares of Babcock by 58.2% during the second quarter. Nomura Holdings Inc. now owns 127,382 shares of the technology company’s stock valued at $123,000 after purchasing an additional 46,884 shares during the last quarter. Vanguard Group Inc. grew its position in Babcock by 54.3% during the third quarter. Vanguard Group Inc. now owns 4,423,243 shares of the technology company’s stock valued at $12,827,000 after buying an additional 1,556,692 shares during the period. Palumbo Wealth Management LLC bought a new stake in Babcock during the third quarter valued at approximately $625,000. Finally, Jefferies Financial Group Inc. bought a new stake in Babcock during the third quarter valued at approximately $74,000. 83.17% of the stock is owned by hedge funds and other institutional investors.

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.