Babcock & Wilcox Co Given New $33.00 Price Target at Barclays (BWC)
Stock analysts at Barclays reduced their price target on shares of Babcock & Wilcox Co (NYSE:BWC) from $37.00 to $33.00 in a report issued on Friday. Barclays’ price target points to a potential upside of 15.12% from the stock’s previous close.
BWC has been the subject of a number of other recent research reports. Analysts at Credit Suisse reiterated a “neutral” rating on shares of Babcock & Wilcox Co in a research note on Friday. They now have a $34.00 price target on the stock, down previously from $36.00. Separately, 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. Finally, 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 equities research analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $35.73.
Babcock & Wilcox Co (NYSE:BWC) opened at 29.13 on Friday. Babcock & Wilcox Co has a one year low of $27.52 and a one year high of $36.00. The stock’s 50-day moving average is $32.16 and its 200-day moving average is $33.10. The company has a market cap of $3.130 billion and a price-to-earnings ratio of 10.65. Babcock & Wilcox Co also saw some unusual options trading on Thursday. Investors purchased 145 call options on the company. This represents an increase of 663% compared to the average daily volume of 19 call options.
Babcock & Wilcox Co (NYSE:BWC) last announced its earnings results on Thursday, August 7th. The company reported $0.44 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.72 earnings per share. Babcock & Wilcox Co’s revenue was down 22.6% compared to the same quarter last year. On average, analysts predict that Babcock & Wilcox Co will post $2.09 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, September 10th. Investors 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%. The ex-dividend date is Monday, August 18th.
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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