Babcock & Wilcox Co Price Target Lowered to $37.00 at William Blair (BWC)
Stock analysts at William Blair dropped their price target on shares of Babcock & Wilcox Co (NYSE:BWC) from $41.00 to $37.00 in a report issued on Friday. William Blair’s target price would indicate a potential upside of 29.08% from the company’s current price.
A number of other analysts have also recently weighed in on BWC. Analysts at Barclays cut their price target on shares of Babcock & Wilcox Co from $37.00 to $33.00 in a research note on Friday. Separately, 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. Finally, 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. One research analyst has rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the stock. Babcock & Wilcox Co currently has an average rating of “Hold” and a consensus price target of $35.73.
Babcock & Wilcox Co (NYSE:BWC) opened at 29.13 on Friday. Babcock & Wilcox Co has a 52 week low of $27.52 and a 52 week high of $36.00. The stock has a 50-day moving average of $32.16 and a 200-day moving average of $33.10. The company has a market cap of $3.130 billion and a P/E 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 approximately 663% compared to the average volume of 19 call options.
Babcock & Wilcox Co (NYSE:BWC) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.44 earnings per share (EPS) for the quarter, missing the Thomson Reuters 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 prior year, the company posted $0.72 earnings per share. The company’s quarterly revenue was down 22.6% on a year-over-year basis. On average, analysts predict that Babcock & Wilcox Co will post $2.09 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, September 10th. Investors of record on Wednesday, August 20th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date of this dividend 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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