Brokerages Set Babcock (NYSE:BW) PT at $14.25

Shares of Babcock (NYSE:BW) have been assigned a consensus recommendation of “Hold” from the six ratings firms that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $14.25.

Several research analysts have issued reports on BW shares. Northland Securities set a $23.00 price objective on Babcock in a research note on Tuesday, May 12th. Wall Street Zen lowered shares of Babcock from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Babcock in a report on Friday, July 17th.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Legal & General Group Plc grew its position in Babcock by 10.8% during the 4th quarter. Legal & General Group Plc now owns 5,380,991 shares of the technology company’s stock worth $34,115,000 after acquiring an additional 523,776 shares during the last quarter. Gendell Jeffrey L grew its holdings in shares of Babcock by 6.2% during the fourth quarter. Gendell Jeffrey L now owns 5,046,068 shares of the technology company’s stock worth $31,992,000 after purchasing an additional 293,245 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Babcock by 54.3% in the third quarter. Vanguard Group Inc. now owns 4,423,243 shares of the technology company’s stock valued at $12,827,000 after buying an additional 1,556,692 shares in the last quarter. Marshall Wace LLP increased its stake in shares of Babcock by 42.4% in the fourth quarter. Marshall Wace LLP now owns 3,371,134 shares of the technology company’s stock valued at $21,373,000 after buying an additional 1,004,533 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its stake in shares of Babcock by 777.3% in the first quarter. Arrowstreet Capital Limited Partnership now owns 2,974,324 shares of the technology company’s stock worth $43,693,000 after acquiring an additional 2,635,304 shares during the last quarter. Institutional investors own 83.17% of the company’s stock.

Babcock Trading Down 2.0%

NYSE BW opened at $10.64 on Thursday. Babcock has a 1-year low of $0.87 and a 1-year high of $22.03. The company has a market capitalization of $1.58 billion, a price-to-earnings ratio of -12.09 and a beta of 1.16. The stock’s 50 day moving average is $15.41 and its two-hundred day moving average is $13.47.

Babcock (NYSE:BW) last issued its earnings results on Monday, May 11th. The technology company reported ($0.60) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.57). The firm had revenue of $214.41 million during the quarter, compared to analyst estimates of $149.72 million. On average, analysts predict that Babcock will post 0.31 earnings per share for the current year.

Babcock Company Profile

Babcock & Wilcox Enterprises, Inc (NYSE: BW) is a specialized provider of energy and environmental technologies and services serving power generation and heavy industrial markets. The company designs, manufactures and maintains critical components and systems that support the safe and efficient operation of both fossil-fuel and renewable power facilities. Its core offerings include industrial and utility boilers, environmental control systems for emissions reduction, and aftermarket support services ranging from inspection and maintenance to spare parts management.

In addition to its boiler and emissions control portfolio, Babcock & Wilcox Enterprises delivers lifecycle solutions aimed at enhancing plant performance and compliance.