Babcock (NYSE:BW) has been given an average recommendation of “Hold” by the eight ratings firms that are presently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $15.25.

Several research firms have issued reports on BW. Zacks Investment Research downgraded Babcock from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. Sidoti dropped their price target on Babcock from $13.00 to $9.00 and set a “neutral” rating on the stock in a research note on Thursday, May 25th. Finally, BidaskClub downgraded Babcock from a “buy” rating to a “hold” rating in a research note on Saturday, July 8th.

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Several hedge funds have recently added to or reduced their stakes in the stock. US Bancorp DE increased its stake in Babcock by 77.2% in the first quarter. US Bancorp DE now owns 11,671 shares of the technology company’s stock valued at $109,000 after buying an additional 5,083 shares in the last quarter. Cullen Capital Management LLC bought a new position in shares of Babcock during the first quarter valued at $114,000. Smith Salley & Associates bought a new position in shares of Babcock during the first quarter valued at $123,000. Sei Investments Co. boosted its position in shares of Babcock by 34.1% in the second quarter. Sei Investments Co. now owns 11,570 shares of the technology company’s stock valued at $136,000 after buying an additional 2,940 shares during the last quarter. Finally, Wexford Capital LP boosted its position in shares of Babcock by 43.9% in the first quarter. Wexford Capital LP now owns 14,900 shares of the technology company’s stock valued at $139,000 after buying an additional 4,545 shares during the last quarter. 92.45% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Babcock (NYSE BW) traded down 1.21% during midday trading on Tuesday, hitting $9.82. The stock had a trading volume of 383,499 shares. The stock’s market capitalization is $479.52 million. The stock has a 50 day moving average price of $10.94 and a 200-day moving average price of $11.64. Babcock has a 52 week low of $8.54 and a 52 week high of $17.72.

Babcock (NYSE:BW) last issued its quarterly earnings data on Tuesday, May 9th. The technology company reported ($0.05) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by $0.03. The business had revenue of $391.10 million for the quarter, compared to analyst estimates of $416.44 million. Babcock had a negative return on equity of 12.96% and a negative net margin of 8.51%. The business’s quarterly revenue was down 3.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.27 EPS. Equities research analysts anticipate that Babcock will post $0.77 earnings per share for the current year.

Babcock Company Profile

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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