Babcock & Wilcox Co Given “Neutral” Rating at Credit Suisse (BWC)
Babcock & Wilcox Co (NYSE:BWC)‘s stock had its “neutral” rating restated by investment analysts at Credit Suisse in a note issued to investors on Friday. They currently have a $34.00 price objective on the stock, down from their previous price objective of $36.00. Credit Suisse’s price target indicates a potential upside of 18.61% from the stock’s previous close.
Shares of Babcock & Wilcox Co (NYSE:BWC) traded up 2.17% during mid-day trading on Friday, hitting $29.13. The stock had a trading volume of 1,767,001 shares. Babcock & Wilcox Co has a 1-year low of $27.52 and a 1-year high of $36.00. The stock has a 50-day moving average of $32.26 and a 200-day moving average of $33.13. The company has a market cap of $3.130 billion and a price-to-earnings ratio of 10.65. Babcock & Wilcox Co also was the recipient of unusually large options trading activity on Thursday. Investors bought 145 call options on the stock. This represents an increase of 663% compared to the typical daily volume of 19 call options.
Babcock & Wilcox Co (NYSE:BWC) last released its earnings data on Thursday, August 7th. The company reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by $0.05. The company had revenue of $686.00 million for the quarter, compared to the consensus estimate of $766.50 million. During the same quarter in the previous year, the company posted $0.72 earnings per share. The company’s revenue for the quarter was down 22.6% on a year-over-year basis. Analysts expect that Babcock & Wilcox Co will post $2.09 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, September 10th. Shareholders of record on Wednesday, August 20th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.40%.
A number of other firms have also recently commented on BWC. Analysts at Zacks upgraded shares of Babcock & Wilcox Co from a “neutral” rating to an “outperform” rating in a research note on Wednesday, July 23rd. They now have a $36.10 price target on the stock. Analysts at Davidson raised their price target on shares of Babcock & Wilcox Co from $34.00 to $37.00 in a research note on Wednesday, May 14th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. Babcock & Wilcox Co presently has a consensus rating of “Hold” and a consensus price target of $36.52.
The Babcock & Wilcox Company (NYSE:BWC) is a technology innovator in power generation systems, a specialty constructor of nuclear components and a service provider in its segments.
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