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

Shares of Babcock (NYSE:BW) have been assigned an average recommendation of “Hold” from the seven brokerages that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $15.40.

A number of brokerages have issued reports on BW. Weiss Ratings raised shares of Babcock from a “sell (d-)” rating to a “sell (d+)” rating in a report on Tuesday, August 11th. Wall Street Zen downgraded Babcock from a “buy” rating to a “hold” rating in a research note on Sunday, August 23rd. Finally, Needham & Company LLC assumed coverage on Babcock in a report on Monday, August 31st. They set a “buy” rating and a $20.00 target price for the company.

Insider Activity

In related news, Director Philip Moeller bought 5,000 shares of the business’s stock in a transaction that occurred on Thursday, August 13th. The stock was bought at an average cost of $9.50 per share, for a total transaction of $47,500.00. Following the completion of the transaction, the director owned 240,809 shares of the company’s stock, valued at approximately $2,287,685.50. The trade was a 2.12% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.80% of the company’s stock.

Hedge Funds Weigh In On Babcock

Several institutional investors have recently modified their holdings of BW. Integrated Wealth Concepts LLC bought a new stake in shares of Babcock in the 2nd quarter worth approximately $25,000. Royal Bank of Canada boosted its holdings in Babcock by 57.3% during the 1st quarter. Royal Bank of Canada now owns 1,785 shares of the technology company’s stock valued at $26,000 after acquiring an additional 650 shares during the period. Rockefeller Capital Management L.P. purchased a new stake in Babcock during the 4th quarter valued at about $25,000. Huntington National Bank grew its position in Babcock by 400,000.0% during the 4th quarter. Huntington National Bank now owns 4,001 shares of the technology company’s stock worth $25,000 after acquiring an additional 4,000 shares during the last quarter. Finally, State of Wyoming increased its stake in Babcock by 88.7% in the 4th quarter. State of Wyoming now owns 10,499 shares of the technology company’s stock worth $67,000 after purchasing an additional 4,936 shares during the period. 83.17% of the stock is currently owned by institutional investors.

Babcock Stock Performance

NYSE:BW opened at $7.16 on Friday. The company has a market capitalization of $1.07 billion, a P/E ratio of -39.79 and a beta of 1.19. The business has a fifty day simple moving average of $9.23 and a two-hundred day simple moving average of $13.39. The company has a debt-to-equity ratio of 4.21, a current ratio of 1.45 and a quick ratio of 1.33. Babcock has a 1 year low of $2.38 and a 1 year high of $22.03.

Babcock (NYSE:BW) last announced its quarterly earnings data on Monday, August 10th. The technology company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.02. The business had revenue of $319.72 million for the quarter, compared to analysts’ expectations of $196.95 million. Babcock had a negative return on equity of 4.51% and a negative net margin of 2.17%. On average, analysts expect that Babcock will post 0.27 earnings per share for the current year.

About Babcock

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.