Babcock (BW) Given Consensus Rating of “Hold” by Analysts
Babcock (NYSE:BW) has earned a consensus rating of “Hold” from the seven analysts that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $15.67.
A number of research analysts have recently issued reports on BW shares. Zacks Investment Research raised shares of Babcock from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 2nd. BidaskClub downgraded shares of Babcock from a “buy” rating to a “hold” rating in a research report on Saturday, July 8th. Finally, Sidoti cut their price objective on shares of Babcock from $13.00 to $9.00 and set a “neutral” rating on the stock in a research report on Thursday, May 25th.
Shares of Babcock (BW) traded up 0.19% on Friday, hitting $10.60. 742,444 shares of the stock traded hands. The stock’s 50 day moving average price is $11.02 and its 200 day moving average price is $12.64. Babcock has a 52-week low of $8.54 and a 52-week high of $17.72. The stock’s market cap is $517.61 million.
Babcock (NYSE:BW) last issued its quarterly earnings data on Tuesday, May 9th. The technology company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by $0.03. Babcock had a negative return on equity of 12.96% and a negative net margin of 8.51%. The firm had revenue of $391.10 million during the quarter, compared to analysts’ expectations of $416.44 million. During the same period in the previous year, the firm earned $0.27 EPS. The firm’s quarterly revenue was down 3.2% on a year-over-year basis. On average, equities analysts expect that Babcock will post $0.77 EPS for the current fiscal year.
A number of hedge funds have recently added to or reduced their stakes in BW. Tudor Investment Corp Et Al increased its stake in Babcock by 4.9% in the fourth quarter. Tudor Investment Corp Et Al now owns 11,993 shares of the technology company’s stock valued at $199,000 after buying an additional 562 shares in the last quarter. Renaissance Technologies LLC increased its stake in Babcock by 410.2% in the fourth quarter. Renaissance Technologies LLC now owns 320,375 shares of the technology company’s stock valued at $5,315,000 after buying an additional 257,575 shares in the last quarter. State Street Corp increased its stake in Babcock by 4.0% in the fourth quarter. State Street Corp now owns 887,091 shares of the technology company’s stock valued at $14,715,000 after buying an additional 33,791 shares in the last quarter. Clearline Capital LP bought a new stake in Babcock during the first quarter valued at $885,000. Finally, Dimensional Fund Advisors LP increased its stake in Babcock by 6.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,576,691 shares of the technology company’s stock valued at $26,157,000 after buying an additional 96,494 shares in the last quarter. 91.95% of the stock is currently owned by institutional investors.
Babcock & Wilcox Enterprises, Inc is a technology-based provider of fossil and renewable power generation and environmental equipment that includes a suite of boiler products and environmental systems, and services for power and industrial uses. The Company operates in three segments: Power, Renewable and Industrial.
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