Share on StockTwits

Analysts at Johnson Rice reduced their target price on shares of Babcock & Wilcox Co (NYSE:BWC) from $40.00 to $38.00 in a research report issued to clients and investors on Friday. Johnson Rice’s price target points to a potential upside of 32.57% from the stock’s previous close.

Shares of Babcock & Wilcox Co (NYSE:BWC) opened at 29.13 on Friday. Babcock & Wilcox Co has a 1-year low of $27.52 and a 1-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 stock. This is an increase of 663% compared to the average volume of 19 call options.

Babcock & Wilcox Co (NYSE:BWC) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.44 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 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Wednesday, September 10th. Shareholders 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.

A number of other firms have also recently commented on BWC. Analysts at William Blair cut their price target on shares of Babcock & Wilcox Co from $41.00 to $37.00 in a research note on Friday. Separately, 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. Finally, 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. One investment analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the stock. Babcock & Wilcox Co currently has a consensus rating of “Hold” and an average target price of $35.73.

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.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.