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.

ILLEGAL ACTIVITY NOTICE: “Babcock (BW) Given Consensus Rating of “Hold” by Analysts” was published by American Banking News and is the sole property of of American Banking News. If you are viewing this article on another publication, it was illegally copied and reposted in violation of US and international trademark and copyright law. The legal version of this article can be viewed at https://www.americanbankingnews.com/2017/07/14/babcock-bw-given-consensus-rating-of-hold-by-analysts-2.html.

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.

About Babcock

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.

Receive News & Ratings for Babcock Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Babcock and related companies with MarketBeat.com's FREE daily email newsletter.